Zacks Research Comments on Macerich's Q2 Earnings (NYSE:MAC)

Key Points

• Zacks Research raised its Q2 2026 EPS estimate for Macerich to $0.33 (from $0.32) and nudged several near‑term/medium‑term forecasts higher, while trimming a small Q4 2027 estimate, signaling modestly improved earnings visibility but some unevenness ahead.
• Analyst sentiment is mixed—seven Buys, three Holds and three Sells—leaving an average rating of "Hold" and an average target price of $20.83, even as multiple firms recently raised their individual targets.
• Macerich last reported a quarterly loss of ($0.07) EPS

Macerich Company (The) (NYSE:MAC - Free Report) - Equities research analysts at Zacks Research raised their Q2 2026 EPS estimates for shares of Macerich in a report released on Wednesday, April 8th. Zacks Research analyst Team now expects that the real estate investment trust will post earnings per share of $0.33 for the quarter, up from their prior forecast of $0.32. The consensus estimate for Macerich's current full-year earnings is $1.55 per share. Zacks Research also issued estimates for Macerich's Q3 2026 earnings at $0.35 EPS and FY2026 earnings at $1.43 EPS.

Several other analysts also recently commented on MAC. The Goldman Sachs Group raised their target price on shares of Macerich from $15.00 to $17.00 and gave the stock a "sell" rating in a report on Monday, March 2nd. JPMorgan Chase & Co. raised their target price on shares of Macerich from $18.00 to $19.00 and gave the stock an "underweight" rating in a report on Tuesday, March 10th. KeyCorp set a $25.00 target price on shares of Macerich and gave the stock an "overweight" rating in a report on Monday, February 23rd. Jefferies Financial Group restated a "buy" rating and set a $21.00 target price on shares of Macerich in a report on Monday, December 15th. Finally, Scotiabank upgraded shares of Macerich from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $19.00 to $22.00 in a report on Monday, March 30th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Macerich presently has an average rating of "Hold" and an average target price of $20.83.

Macerich Stock Performance

Shares of MAC stock opened at $21.05 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $5.40 billion, a P/E ratio of -27.33, a price-to-earnings-growth ratio of 1.42 and a beta of 2.20. The company's 50 day moving average price is $19.30 and its two-hundred day moving average price is $18.31. Macerich has a 52 week low of $13.40 and a 52 week high of $21.25.

Macerich (NYSE:MAC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.50). The firm had revenue of $261.70 million during the quarter, compared to analyst estimates of $260.48 million. Macerich had a negative net margin of 19.44% and a negative return on equity of 7.32%. The business's revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share.

Macerich Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.68 annualized dividend and a dividend yield of 3.2%. Macerich's dividend payout ratio (DPR) is currently -88.31%.

Hedge Funds Weigh In On Macerich

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp grew its stake in shares of Macerich by 2.4% in the second quarter. State Street Corp now owns 15,162,075 shares of the real estate investment trust's stock valued at $245,322,000 after buying an additional 351,907 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Macerich by 17.7% in the fourth quarter. JPMorgan Chase & Co. now owns 13,555,892 shares of the real estate investment trust's stock valued at $250,242,000 after buying an additional 2,034,338 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Macerich by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 6,608,318 shares of the real estate investment trust's stock valued at $122,008,000 after buying an additional 70,132 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of Macerich by 149.6% in the fourth quarter. Centersquare Investment Management LLC now owns 6,354,661 shares of the real estate investment trust's stock valued at $117,307,000 after buying an additional 3,808,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Macerich by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,039,561 shares of the real estate investment trust's stock valued at $93,030,000 after buying an additional 123,769 shares in the last quarter. 87.38% of the stock is owned by institutional investors.

Macerich News Roundup

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: Zacks Research raised multiple near‑term and medium‑term EPS forecasts for Macerich (Q1/Q2/Q3 2027, FY2027 and FY2028 were nudged higher), reflecting modestly better earnings visibility and supporting a slightly more constructive outlook from that shop. MarketBeat Macerich page
• Positive Sentiment: A Zacks feature notes MAC has outpaced peers (≈+16.4% over six months) on stable occupancy and positive leasing spreads in its high‑quality shopping center portfolio — a narrative that can attract momentum buyers and reinforce investor confidence. Macerich Stock Rises 16.4% in 6 Months
• Neutral Sentiment: An industry comparison piece provides context on Macerich vs. peers (valuation, leverage, portfolio composition); useful for investors but unlikely to move the stock alone. Financial Contrast: Macerich (MAC) & Its Peers
• Negative Sentiment: Offsetting the mostly positive revisions, Zacks trimmed its Q4 2027 EPS estimate slightly (from $0.45 to $0.43). The cut is small but signals some unevenness in near‑term expectations and could temper enthusiasm if followed by further downward revisions. MarketBeat Macerich page

About Macerich

The Macerich Company NYSE: MAC is a real estate investment trust (REIT) that specializes in the acquisition, development, ownership and management of regional shopping centers in the United States. Headquartered in Santa Monica, California, the company focuses on high-quality retail properties, including enclosed malls, open-air centers and mixed-use lifestyle destinations. Since its establishment as a REIT in 1994, Macerich has pursued a disciplined strategy of investing in properties that serve strong consumer demographics and offer long-term growth potential.

Macerich's core activities encompass property and asset management, leasing, marketing and redevelopment services.

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