Zacks Research Issues Negative Outlook for Macerich Earnings

Macerich Company (The) (NYSE:MAC - Free Report) - Analysts at Zacks Research cut their Q1 2026 earnings per share estimates for shares of Macerich in a note issued to investors on Thursday, June 12th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $0.32 for the quarter, down from their prior estimate of $0.33. The consensus estimate for Macerich's current full-year earnings is $1.55 per share. Zacks Research also issued estimates for Macerich's Q2 2026 earnings at $0.35 EPS, Q3 2026 earnings at $0.38 EPS, Q4 2026 earnings at $0.45 EPS, FY2026 earnings at $1.51 EPS and Q1 2027 earnings at $0.34 EPS.

MAC has been the subject of a number of other research reports. Truist Financial upped their price objective on shares of Macerich from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. The Goldman Sachs Group cut their price target on Macerich from $16.70 to $14.40 and set a "sell" rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered their price target on Macerich from $22.00 to $18.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th. Morgan Stanley cut their price objective on Macerich from $20.00 to $19.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Finally, Mizuho upgraded Macerich from a "neutral" rating to an "outperform" rating and decreased their target price for the company from $22.00 to $18.00 in a research report on Tuesday, June 10th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Macerich currently has a consensus rating of "Hold" and a consensus target price of $18.78.

Macerich Stock Performance

Shares of MAC traded up $0.21 during trading hours on Monday, hitting $16.02. The stock had a trading volume of 1,502,890 shares, compared to its average volume of 1,943,967. The firm has a 50-day moving average price of $15.31 and a 200 day moving average price of $17.85. Macerich has a fifty-two week low of $12.48 and a fifty-two week high of $22.27. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of -37.24, a PEG ratio of 5.17 and a beta of 2.17. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.09 and a current ratio of 1.09.

Macerich (NYSE:MAC - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. Macerich had a negative return on equity of 4.37% and a negative net margin of 12.26%. The company had revenue of $249.22 million during the quarter, compared to analysts' expectations of $221.61 million. During the same period last year, the business earned $0.33 earnings per share. Macerich's quarterly revenue was up 19.3% on a year-over-year basis.

Macerich Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.25%. The ex-dividend date was Tuesday, June 3rd. Macerich's dividend payout ratio is currently -158.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Macerich during the fourth quarter worth $30,000. Lazard Asset Management LLC acquired a new position in Macerich during the fourth quarter worth about $45,000. State of Wyoming purchased a new stake in Macerich during the 4th quarter valued at about $55,000. Signaturefd LLC raised its holdings in Macerich by 34.9% in the 1st quarter. Signaturefd LLC now owns 3,329 shares of the real estate investment trust's stock valued at $57,000 after acquiring an additional 862 shares during the last quarter. Finally, Quarry LP lifted its stake in Macerich by 2,691.6% in the 1st quarter. Quarry LP now owns 3,322 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 3,203 shares in the last quarter. Hedge funds and other institutional investors own 87.38% of the company's stock.

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.