Zacks Research Has Positive Outlook of Macerich Q3 Earnings

Key Points

• Zacks Research has revised its Q3 2025 earnings per share (EPS) estimate for Macerich from $0.35 to $0.36, with a full-year earnings consensus of $1.55 per share.
• Macerich recently missed analysts' expectations, reporting $0.32 EPS in its last earnings release, with a revenue of $249.79 million, exceeding estimates.
• The company announced a quarterly dividend of $0.17 per share, set to be paid on September 23rd, representing an annualized yield of 3.7%.

Macerich Company (The) (NYSE:MAC - Free Report) - Equities research analysts at Zacks Research raised their Q3 2025 earnings per share (EPS) estimates for Macerich in a research note issued to investors on Monday, September 1st. Zacks Research analyst Team now anticipates that the real estate investment trust will post earnings of $0.36 per share for the quarter, up from their prior forecast 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 FY2025 earnings at $1.44 EPS and Q1 2026 earnings at $0.31 EPS.

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

A number of other research analysts have also issued reports on the company. JPMorgan Chase & Co. lifted their target price on Macerich from $18.00 to $19.00 and gave the stock an "underweight" rating in a report on Wednesday, August 27th. LADENBURG THALM/SH SH initiated coverage on Macerich in a report on Friday, July 18th. They set a "buy" rating and a $25.00 target price on the stock. Truist Financial lifted their target price on Macerich from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Mizuho raised Macerich from a "neutral" rating to an "outperform" rating and dropped their price target for the stock from $22.00 to $18.00 in a research note on Tuesday, June 10th. Finally, Piper Sandler raised Macerich from an "underweight" rating to a "neutral" rating and set a $16.00 price target on the stock in a research note on Thursday, May 22nd. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Macerich has a consensus rating of "Hold" and a consensus price target of $19.78.

Macerich Price Performance

NYSE:MAC opened at $18.46 on Thursday. The business's 50-day moving average price is $17.06 and its 200 day moving average price is $16.51. The firm has a market cap of $4.66 billion, a P/E ratio of -10.55, a PEG ratio of 3.55 and a beta of 2.27. Macerich has a 52-week low of $12.48 and a 52-week high of $22.27. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.00.

Hedge Funds Weigh In On Macerich

Institutional investors and hedge funds have recently bought and sold shares of the business. TCTC Holdings LLC purchased a new position in Macerich during the 1st quarter valued at about $1,449,000. Asset Management One Co. Ltd. grew its stake in Macerich by 3.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 367,295 shares of the real estate investment trust's stock valued at $6,306,000 after acquiring an additional 12,327 shares in the last quarter. GAMMA Investing LLC grew its stake in Macerich by 1,644.0% during the 1st quarter. GAMMA Investing LLC now owns 76,527 shares of the real estate investment trust's stock valued at $1,314,000 after acquiring an additional 72,139 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Macerich by 0.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 331,726 shares of the real estate investment trust's stock valued at $5,696,000 after acquiring an additional 3,032 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Macerich during the 1st quarter valued at about $622,000. Hedge funds and other institutional investors own 87.38% of the company's stock.

Macerich Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 9th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 9th. Macerich's payout ratio is -38.86%.

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.

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