Zacks Research Forecasts Stronger Earnings for Macerich

Key Points

• Zacks Research has raised its FY2025 earnings estimate for Macerich to $1.45 per share, an increase from the previous estimate of $1.44, while the consensus estimate for the company's current full-year earnings is $1.55 per share.
• Bank of America upgraded Macerich from a "neutral" to a "buy" rating and increased its price target from $19.00 to $23.00, highlighting positive market sentiment among analysts.
• The company's latest quarterly earnings report showed a revenue of $249.79 million, surpassing estimates, but the earnings per share were $0.32, below the consensus estimate of $0.34.

Macerich Company (The) (NYSE:MAC - Free Report) - Analysts at Zacks Research upped their FY2025 earnings estimates for shares of Macerich in a research note issued to investors on Wednesday, October 22nd. Zacks Research analyst Team now forecasts that the real estate investment trust will earn $1.45 per share for the year, up from their prior estimate of $1.44. The consensus estimate for Macerich's current full-year earnings is $1.55 per share. Zacks Research also issued estimates for Macerich's Q1 2026 earnings at $0.32 EPS and Q2 2026 earnings at $0.35 EPS.

MAC has been the topic of a number of other research reports. Bank of America raised shares of Macerich from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 26th. JPMorgan Chase & Co. lifted their price target on shares of Macerich from $18.00 to $19.00 and gave the company an "underweight" rating in a research note on Wednesday, August 27th. Weiss Ratings restated a "sell (d+)" rating on shares of Macerich in a research note on Wednesday, October 8th. Evercore ISI lifted their target price on Macerich from $18.00 to $20.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. Finally, Scotiabank increased their price target on Macerich from $16.00 to $18.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Macerich has an average rating of "Hold" and a consensus price target of $20.11.

Macerich Trading Up 0.2%

NYSE MAC opened at $17.89 on Friday. Macerich has a 52 week low of $12.48 and a 52 week high of $22.27. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.76 and a current ratio of 0.76. The stock's 50 day moving average price is $17.70 and its two-hundred day moving average price is $16.48. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of -10.23, a PEG ratio of 3.13 and a beta of 2.23.

Macerich (NYSE:MAC - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). The firm had revenue of $249.79 million during the quarter, compared to the consensus estimate of $245.19 million. Macerich had a negative net margin of 41.33% and a negative return on equity of 15.15%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share.

Institutional Investors Weigh In On Macerich

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Macerich during the second quarter worth $51,475,000. Nuveen LLC acquired a new stake in shares of Macerich during the 1st quarter worth about $32,554,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Macerich by 40.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,130,323 shares of the real estate investment trust's stock worth $105,258,000 after buying an additional 1,754,466 shares during the period. American Century Companies Inc. acquired a new position in Macerich in the 2nd quarter valued at about $18,368,000. Finally, Millennium Management LLC raised its holdings in Macerich by 376.2% in the 1st quarter. Millennium Management LLC now owns 906,843 shares of the real estate investment trust's stock valued at $15,570,000 after acquiring an additional 716,394 shares during the period. Institutional investors own 87.38% of the company's stock.

Macerich Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 9th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 9th. Macerich's dividend payout ratio (DPR) is presently -38.86%.

About Macerich

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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