Macerich - MAC Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last twelve months. 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 equities research analysts have issued 12-month price objectives for Macerich's shares. Their MAC share price forecasts range from $8.50 to $20.00. On average, they predict the company's stock price to reach $12.55 in the next twelve months. This suggests that the stock has a possible downside of 0.6%.
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Macerich's stock was trading at $17.28 on January 1st, 2022. Since then, MAC shares have decreased by 27.0% and is now trading at $12.62.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 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) EPS 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 analyst estimates 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%. Macerich's revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share.

Macerich announced a quarterly dividend on Friday, October 28th. Stockholders of record on Wednesday, November 9th will be given a dividend of $0.17 per share on Friday, December 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Tuesday, November 8th. This is a positive change from the stock's previous quarterly dividend of $0.15.
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 5.49%. 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.43%), BlackRock Inc. (13.93%), State Street Corp (6.07%), Epoch Investment Partners Inc. (1.81%), Letko Brosseau & Associates Inc. (1.64%) and Dimensional Fund Advisors LP (1.26%). 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 $12.62.

Macerich (NYSE:MAC) has a market capitalization of $2.71 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.