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 brokers have issued 12 month price objectives for Macerich's stock. Their MAC share price forecasts range from $8.50 to $20.00. On average, they predict the company's share price to reach $12.50 in the next twelve months. This suggests a possible upside of 30.3% from the stock's current price.
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Macerich's stock was trading at $11.26 at the beginning of 2023. Since then, MAC stock has decreased by 14.8% and is now trading at $9.59.
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Macerich saw a increase in short interest in March. As of March 15th, there was short interest totaling 13,670,000 shares, an increase of 6.1% from the February 28th total of 12,880,000 shares. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is presently 7.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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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 analysts' consensus estimates of $0.46 by $0.63. The real estate investment trust earned $216.10 million during the quarter, compared to the consensus estimate of $209.20 million. Macerich had a negative net margin of 7.69% and a negative trailing twelve-month return on equity of 2.19%. The business's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS.

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 yield of 7.09%. The ex-dividend date is Thursday, February 16th.
Read our dividend analysis for MAC.

ETFs with the largest weight of Macerich (NYSE:MAC) stock in their portfolio include Invesco Zacks Multi-Asset Income ETF (CVY), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), Vanguard S&P Mid-Cap 400 Value ETF (IVOV), First Trust S&P REIT Index Fund (FRI), SPDR Dow Jones REIT ETF (RWR), Nuveen ESG Small-Cap ETF (NUSC), iShares Russell 2000 Value ETF (IWN) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE).

Macerich (NYSE:MAC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 7.17%. 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 variety of institutional and retail investors. Top institutional shareholders include Smead Capital Management Inc. (9.85%), JPMorgan Chase & Co. (3.03%), Geode Capital Management LLC (2.06%), Fisher Asset Management LLC (1.87%), Letko Brosseau & Associates Inc. (1.57%) and Charles Schwab Investment Management Inc. (1.37%). 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, 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 $9.59.

Macerich (NYSE:MAC) has a market capitalization of $2.06 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 ($0.30) 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.