The Macerich Company (NYSE:MAC - Free Report) - Research analysts at Zacks Research dropped their Q1 2026 earnings per share (EPS) estimates for shares of Macerich in a research note issued to investors on Thursday, June 12th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $0.32 per share for the quarter, down from their prior forecast 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.
Macerich (NYSE:MAC - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.33 earnings per share 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 net margin of 8.98% and a return on equity of 3.15%. The business's revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share.
Several other analysts also recently commented on the stock. Morgan Stanley lowered their target price on shares of Macerich from $20.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Mizuho raised shares of Macerich from a "neutral" rating to an "outperform" rating and dropped their target price for the stock from $22.00 to $18.00 in a research report on Tuesday, June 10th. Piper Sandler upgraded Macerich from an "underweight" rating to a "neutral" rating and set a $16.00 target price on the stock in a research note on Thursday, May 22nd. The Goldman Sachs Group lowered their price objective on shares of Macerich from $16.70 to $14.40 and set a "sell" rating on the stock in a research report on Monday, March 10th. Finally, Truist Financial boosted their target price on shares of Macerich from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Macerich presently has an average rating of "Hold" and an average target price of $18.78.
Read Our Latest Research Report on MAC
Macerich Stock Up 2.0%
NYSE:MAC traded up $0.32 during trading hours on Monday, hitting $16.06. 1,545,553 shares of the company traded hands, compared to its average volume of 2,112,382. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.68. The company has a market cap of $4.06 billion, a PE ratio of 41.17, a PEG ratio of 0.71 and a beta of 2.17. The firm's 50-day simple moving average is $15.21 and its 200-day simple moving average is $17.91. Macerich has a one year low of $12.48 and a one year high of $22.27.
Institutional Investors Weigh In On Macerich
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in Macerich during the 4th quarter worth approximately $30,000. Lazard Asset Management LLC purchased a new position in shares of Macerich during the 4th quarter valued at $45,000. State of Wyoming bought a new position in shares of Macerich in the fourth quarter worth $55,000. Quarry LP raised its position in shares of Macerich by 2,691.6% in the first quarter. Quarry LP now owns 3,322 shares of the real estate investment trust's stock worth $57,000 after buying an additional 3,203 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Macerich by 34.9% in the first quarter. Signaturefd LLC now owns 3,329 shares of the real estate investment trust's stock worth $57,000 after buying an additional 862 shares in the last quarter. 87.38% of the stock is currently owned by institutional investors.
Macerich Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Tuesday, June 3rd. Macerich's payout ratio is currently -158.14%.
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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