Macerich - MAC Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last twelve months. There are currently 6 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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11 analysts have issued 1-year price targets 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 $13.23 in the next year. This suggests a possible upside of 63.9% from the stock's current price.
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Macerich's stock was trading at $17.28 at the beginning of 2022. Since then, MAC stock has decreased by 53.3% and is now trading at $8.07.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Macerich will be holding an earnings conference call on Thursday, November 3rd 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 "5747475".

The Macerich Company (NYSE:MAC) posted its quarterly earnings results on Monday, May, 9th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 4.30% and a trailing twelve-month return on equity of 1.18%. The business's revenue for the quarter 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 declared a quarterly dividend on Wednesday, July 20th. Stockholders of record on Friday, August 19th will be paid a dividend of $0.15 per share on Thursday, September 8th. This represents a $0.60 annualized dividend and a yield of 7.43%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for MAC.

Macerich (NYSE:MAC) pays an annual dividend of $0.60 per share and currently has a dividend yield of 7.56%. MAC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 333.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MAC will have a dividend payout ratio of 31.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MAC.

Macerich updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $1.92-$2.04 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."

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 $8.07.

Macerich (NYSE:MAC) has a market capitalization of $1.73 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 $0.18 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.