Macerich - MAC Stock Forecast, Price & News

10 Wall Street 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 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 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 share price to reach $12.65 in the next year. This suggests that the stock has a possible downside of 8.0%.
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Macerich's stock was trading at $11.26 at the start of the year. Since then, MAC shares have increased by 22.1% and is now trading at $13.75.
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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) issued its earnings results on Monday, May, 9th. The real estate investment trust reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.63. The real estate investment trust had revenue of $216.10 million for the quarter, compared to analysts' expectations of $209.20 million. Macerich had a negative trailing twelve-month return on equity of 2.76% and a negative net margin of 9.86%. The firm's revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share.

Macerich declared a quarterly dividend on Friday, January 27th. Investors of record on Friday, February 17th will be paid a dividend of $0.17 per share on Friday, March 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date 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 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $1.93-$1.99 for the period. 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 institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (1.87%), Asset Management One Co. Ltd. (0.16%), Retirement Systems of Alabama (0.13%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Strs Ohio (0.10%) and State of New Jersey Common Pension Fund D (0.08%). 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 $13.75.

Macerich (NYSE:MAC) has a market capitalization of $2.95 billion and generates $860.34 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.