The Macerich Company (NYSE:MAC - Free Report) - Equities researchers at Zacks Research lowered their Q2 2025 EPS estimates for Macerich in a research note issued on Monday, June 2nd. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings of $0.34 per share for the quarter, down from their prior estimate of $0.35. The consensus estimate for Macerich's current full-year earnings is $1.55 per share. Zacks Research also issued estimates for Macerich's Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.47 EPS, Q1 2027 earnings at $0.35 EPS and FY2027 earnings at $1.55 EPS.
Macerich (NYSE:MAC - Get Free Report) last announced its earnings results on Monday, May 12th. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $249.22 million for the quarter, compared to the consensus estimate of $221.61 million. Macerich had a return on equity of 3.15% and a net margin of 8.98%. The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS.
A number of other analysts also recently weighed in on the stock. Piper Sandler raised shares of Macerich from an "underweight" rating to a "neutral" rating and set a $16.00 target price for the company in a research report on Thursday, May 22nd. Scotiabank decreased their target price on shares of Macerich from $21.00 to $16.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group decreased their target price on shares of Macerich from $16.70 to $14.40 and set a "sell" rating for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. decreased their target price on shares of Macerich from $22.00 to $18.00 and set an "underweight" rating for the company in a research report on Monday, March 10th. Finally, Morgan Stanley cut their price target on Macerich from $20.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.95.
Check Out Our Latest Report on MAC
Macerich Trading Up 2.6%
NYSE:MAC traded up $0.41 on Wednesday, reaching $16.12. 1,325,522 shares of the stock traded hands, compared to its average volume of 1,939,810. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 0.71 and a beta of 2.17. The company's 50 day moving average is $15.09 and its 200-day moving average is $18.08. 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 has a 1-year low of $12.48 and a 1-year high of $22.27.
Macerich Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Tuesday, June 3rd. Macerich's payout ratio is -158.14%.
Hedge Funds Weigh In On Macerich
A number of large investors have recently modified their holdings of MAC. Quantbot Technologies LP bought a new position in shares of Macerich in the 4th quarter worth $30,000. Lazard Asset Management LLC bought a new position in shares of Macerich in the 4th quarter worth $45,000. Blue Trust Inc. lifted its holdings in shares of Macerich by 68.8% in the 4th quarter. Blue Trust Inc. now owns 2,610 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 1,064 shares in the last quarter. State of Wyoming bought a new position in shares of Macerich in the 4th quarter worth $55,000. Finally, Signaturefd LLC lifted its holdings in shares of Macerich by 34.9% in the 1st quarter. Signaturefd LLC now owns 3,329 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 862 shares in the last quarter. 87.38% of the stock is currently owned by institutional investors.
About Macerich
(
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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.
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