Macerich (MAC) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last twelve months. There are currently 4 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MAC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MAC, but not buy additional shares or sell existing shares.
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9 equities research analysts have issued 12 month target prices for Macerich's stock. Their MAC share price forecasts range from $8.50 to $20.00. On average, they expect the company's stock price to reach $11.78 in the next year. This suggests a possible upside of 15.9% from the stock's current price.
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Macerich's stock was trading at $11.26 at the beginning of 2023. Since then, MAC stock has decreased by 9.8% and is now trading at $10.16.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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The Macerich Company (NYSE:MAC) released its quarterly earnings data on Monday, May, 9th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.63. The real estate investment trust earned $216.10 million during the quarter, compared to the consensus estimate of $209.20 million. Macerich had a negative trailing twelve-month return on equity of 2.96% and a negative net margin of 10.21%. The business's revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS.

Macerich announced a quarterly dividend on Friday, April 28th. Shareholders of record on Friday, May 19th will be given a dividend of $0.17 per share on Friday, June 2nd. This represents a $0.68 annualized dividend and a yield of 6.69%. The ex-dividend date is Thursday, May 18th.
Read our dividend analysis for MAC.

ETFs with the largest weight of Macerich (NYSE:MAC) stock in their portfolio include Invesco Zacks Multi-Asset Income ETF (CVY), iShares US Credit Bond ETF (CRED), SPDR Dow Jones REIT ETF (RWR), First Trust S&P REIT Index Fund (FRI), JPMorgan BetaBuilders MSCI US REIT ETF (BBRE), Nuveen ESG Small-Cap ETF (NUSC), iShares Core U.S. REIT ETF (USRT) and iShares Russell 2000 Value ETF (IWN).

Macerich (NYSE:MAC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 7.05%. MAC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for MAC.

Macerich updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $1.75-$1.85 for the period, compared to the consensus EPS estimate of $1.79. The company issued revenue guidance of -.

60 employees have rated Macerich Chief Executive Officer Art Coppola on Glassdoor.com. Art Coppola has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Macerich investors own include Energy Transfer (ET), Simon Property Group (SPG), AT&T (T), Wells Fargo & Company (WFC), Annaly Capital Management (NLY), Enterprise Products Partners (EPD), Intel (INTC), New Residential Investment (NRZ), AbbVie (ABBV) and Pfizer (PFE).

Macerich trades on the New York Stock Exchange (NYSE) under the ticker symbol "MAC."

Macerich's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.37%), Smead Capital Management Inc. (9.94%), State Street Corp (6.26%), JPMorgan Chase & Co. (3.12%), Geode Capital Management LLC (2.14%) and Charles Schwab Investment Management Inc. (2.05%). Insiders that own company stock include Ann C Menard, Christopher J Zecchini, Dana K Anderson, Doug J Healey, Edward C Coppola, Hern Thomas E O, Kenneth Volk, Scott W Kingsmore, Steven L Soboroff, Steven L Soboroff and Teachers Pension Plan Ontario.
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Shares of MAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MAC stock can currently be purchased for approximately $10.16.

Macerich (NYSE:MAC) has a market capitalization of $2.19 billion and generates $859.16 million in revenue each year. The real estate investment trust earns $-66,070,000.00 in net income (profit) each year or ($0.40) on an earnings per share basis.

The company employs 639 workers across the globe.

Macerich's mailing address is 401 WILSHIRE BLVD STE 700, SANTA MONICA CA, 90401. The official website for the company is www.macerich.com. The real estate investment trust can be reached via phone at (310) 394-6000, via email at jean.wood@macerich.com, or via fax at 310-395-2791.