Zacks Research Issues Negative Outlook for Macerich Earnings

Key Points

• Zacks Research trimmed its Q2 2026 EPS estimate for Macerich to $0.32 from $0.33, signaling a slightly less optimistic near-term outlook for the REIT.
• Macerich recently beat quarterly expectations, reporting $0.34 EPS versus the $0.31 consensus and revenue of $241.54 million, although revenue was still down 3.1% year over year.
• Analyst sentiment remains mixed: the stock has a consensus rating of “Hold” with an average target price of $22.17, while recent brokerage targets range from $19 to $25.

Macerich Company (The) (NYSE:MAC - Free Report) - Investment analysts at Zacks Research lowered their Q2 2026 earnings estimates for Macerich in a research note issued on Wednesday, May 27th. Zacks Research analyst Team now anticipates that the real estate investment trust will post earnings of $0.32 per share for the quarter, down from their previous estimate of $0.33. The consensus estimate for Macerich's current full-year earnings is $1.46 per share. Zacks Research also issued estimates for Macerich's Q4 2026 earnings at $0.44 EPS, Q1 2027 earnings at $0.34 EPS, Q2 2027 earnings at $0.37 EPS, Q4 2027 earnings at $0.45 EPS and FY2027 earnings at $1.56 EPS.

Macerich (NYSE:MAC - Get Free Report) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Macerich had a negative net margin of 18.22% and a negative return on equity of 6.95%. The business had revenue of $241.54 million during the quarter, compared to analyst estimates of $233.06 million. During the same period in the previous year, the business posted $0.33 earnings per share. Macerich's revenue for the quarter was down 3.1% on a year-over-year basis.

Several other brokerages have also issued reports on MAC. KeyCorp set a $25.00 price target on Macerich and gave the stock an "overweight" rating in a research note on Monday, February 23rd. Morgan Stanley set a $20.00 price objective on shares of Macerich in a report on Tuesday, April 14th. JPMorgan Chase & Co. boosted their price objective on shares of Macerich from $18.00 to $19.00 and gave the stock an "underweight" rating in a report on Tuesday, March 10th. Evercore set a $22.00 price objective on shares of Macerich in a report on Friday, May 8th. Finally, Citigroup boosted their price objective on shares of Macerich from $21.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $22.17.

Macerich Trading Up 0.7%

Shares of Macerich stock opened at $22.85 on Friday. Macerich has a 1 year low of $15.48 and a 1 year high of $22.93. The firm has a market cap of $5.97 billion, a PE ratio of -32.18, a PEG ratio of 1.54 and a beta of 2.12. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50 day simple moving average of $20.95 and a two-hundred day simple moving average of $19.36.

Macerich Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, June 15th. Macerich's dividend payout ratio is currently -95.77%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in Macerich by 117.7% during the 1st quarter. Bank of America Corp DE now owns 2,240,478 shares of the real estate investment trust's stock valued at $42,345,000 after purchasing an additional 1,211,091 shares during the period. Kentucky Retirement Systems purchased a new position in Macerich during the 1st quarter valued at about $219,000. Amundi increased its holdings in Macerich by 17.2% during the 1st quarter. Amundi now owns 162,916 shares of the real estate investment trust's stock valued at $3,079,000 after purchasing an additional 23,944 shares during the period. Adelante Capital Management LLC purchased a new position in Macerich during the 1st quarter valued at about $8,136,000. Finally, California State Teachers Retirement System increased its holdings in Macerich by 26.6% during the 1st quarter. California State Teachers Retirement System now owns 307,320 shares of the real estate investment trust's stock valued at $5,808,000 after purchasing an additional 64,481 shares during the period. Hedge funds and other institutional investors own 87.38% of the company's stock.

Macerich News Summary

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Macerich to $1.46 from $1.43, matching the current consensus and signaling improved expectations for the REIT’s near-term profitability.
• Positive Sentiment: The firm also increased longer-term estimates, including FY2028 EPS to $1.64 from $1.63 and Q3 2027 EPS to $0.41 from $0.40, suggesting analysts see continued earnings growth ahead.
• Positive Sentiment: A separate report said MAC set a new 52-week high, which can reinforce bullish momentum and attract additional investor attention. Macerich NYSE: MAC Sets New 52-Week High - Here's What Happened
• Neutral Sentiment: Zacks also revised some intermediate-quarter estimates in both directions, including higher Q4 2027 and lower Q1 2027, Q2 2026, Q4 2026 and Q2 2027 forecasts, which makes the overall read mixed despite the mostly positive longer-term tone.

Macerich Company Profile

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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