Macerich (MAC) Projected to Post Earnings on Monday

Macerich (NYSE:MAC - Get Free Report) is expected to post its Q1 2025 quarterly earnings results before the market opens on Monday, May 12th. Analysts expect Macerich to post earnings of $0.32 per share and revenue of $221.61 million for the quarter.

Macerich Price Performance

Shares of MAC stock traded up $0.17 during trading hours on Friday, hitting $14.84. The company's stock had a trading volume of 1,120,768 shares, compared to its average volume of 1,998,628. The business has a fifty day moving average of $16.50 and a 200-day moving average of $18.78. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 38.05, a P/E/G ratio of 0.71 and a beta of 2.17. Macerich has a twelve month low of $12.48 and a twelve month high of $22.27. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.68.

Macerich Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 4.58%. Macerich's dividend payout ratio is presently -86.08%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MAC. Scotiabank decreased their target price on shares of Macerich from $21.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Truist Financial upgraded shares of Macerich from a "hold" rating to a "buy" rating and set a $19.00 target price on the stock in a research report on Thursday, April 10th. Morgan Stanley decreased their target price on shares of Macerich from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their target price on shares of Macerich from $22.00 to $18.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th. Finally, Piper Sandler cut their price target on shares of Macerich from $17.00 to $16.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $18.95.

Macerich Company Profile

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, DC corridor.