Macerich - MAC Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 5 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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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10 Wall Street analysts have issued 12-month price targets for Macerich's shares. Their MAC share price forecasts range from $8.50 to $20.00. On average, they expect the company's share price to reach $12.65 in the next year. This suggests that the stock has a possible downside of 6.5%.
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Macerich's stock was trading at $11.26 at the beginning of 2023. Since then, MAC stock has increased by 20.2% and is now trading at $13.53.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
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Macerich will be holding an earnings conference call on Tuesday, February 7th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13735304".

The Macerich Company (NYSE:MAC) announced its quarterly earnings data on Monday, May, 9th. The real estate investment trust reported ($0.17) 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 analysts' expectations of $209.20 million. Macerich had a negative net margin of 9.86% and a negative trailing twelve-month return on equity of 2.76%. The company's revenue was up 13.5% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share.

Macerich announced a quarterly dividend on Friday, January 27th. Shareholders of record on Friday, February 17th will be given a dividend of $0.17 per share on Friday, March 3rd. This represents a $0.68 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, February 16th.
Read our dividend analysis for MAC.

Macerich (NYSE:MAC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 4.88%. 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 issued an update on its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided earnings per share guidance of $1.75-$1.85 for the period, compared to the consensus EPS estimate of $1.81. 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 shareholders include Fisher Asset Management LLC (1.87%), LPL Financial LLC (0.21%), Asset Management One Co. Ltd. (0.16%), Retirement Systems of Alabama (0.13%), Sumitomo Mitsui Trust Holdings Inc. (0.11%) and Strs Ohio (0.10%). 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, John H Alschuler Jr, 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 $13.53.

Macerich (NYSE:MAC) has a market capitalization of $2.91 billion and generates $847.44 million in revenue each year. The real estate investment trust earns $14.26 million in net income (profit) each year or ($0.39) 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.