Macerich (MAC) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 2 sell ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" MAC shares.
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3 brokerages have issued twelve-month price targets for Macerich's shares. Their MAC share price forecasts range from $8.50 to $16.00. On average, they predict the company's share price to reach $11.30 in the next year. This suggests that the stock has a possible downside of 0.4%.
View analysts price targets for MAC or view top-rated stocks among Wall Street analysts.

Macerich's stock was trading at $11.26 on January 1st, 2023. Since then, MAC stock has increased by 0.8% and is now trading at $11.3450.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023.
View our MAC earnings forecast.

Macerich will be holding an earnings conference call on Tuesday, October 31st at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

The Macerich Company (NYSE:MAC) issued its earnings results on Tuesday, August, 8th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by $0.49. The real estate investment trust earned $212.40 million during the quarter, compared to analysts' expectations of $193.97 million. Macerich had a negative net margin of 10.07% and a negative trailing twelve-month return on equity of 3.01%. The firm's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share.

Macerich announced a quarterly dividend on Friday, August 4th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.17 per share on Friday, September 8th. This represents a $0.68 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend is Thursday, August 17th.
Read our dividend analysis for MAC.

ETFs with the largest weight of Macerich (NYSE:MAC) stock in their portfolio include Hoya Capital High Dividend Yield ETF (RIET), Invesco S&P SmallCap Financials ETF (PSCF), iShares S&P Small-Cap 600 Value ETF (IJS), SPDR S&P 600 Small CapValue ETF (SLYV), Vanguard S&P Small-Cap 600 Value ETF (VIOV), iShares US Credit Bond ETF (CRED) and Schwab Fundamental U.S. Small Company Index ETF (FNDA) and

Macerich (NYSE:MAC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 6.20%. 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 Tuesday, August, 8th. The company provided EPS guidance of $1.77-$1.83 for the period, compared to the consensus EPS estimate of $1.78. 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."

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 $11.35.

Macerich (NYSE:MAC) has a market capitalization of $2.44 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 650 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.