Zacks Research Comments on Macerich’s Q4 Earnings (NYSE:MAC)

Macerich Company (The) (NYSE:MAC) – Research analysts at Zacks Research lowered their Q4 2026 earnings per share estimates for shares of Macerich in a research report issued to clients and investors on Tuesday, August 25th. Zacks Research analyst Team now expects that the real estate investment trust will post earnings per share of $0.41 for the quarter, down from their prior estimate of $0.44. The consensus estimate for Macerich’s current full-year earnings is $1.49 per share. Zacks Research also issued estimates for Macerich’s Q1 2027 earnings at $0.32 EPS, Q4 2027 earnings at $0.48 EPS, FY2027 earnings at $1.58 EPS and FY2028 earnings at $1.66 EPS.

Several other brokerages have also recently issued reports on MAC. Citigroup boosted their price objective on shares of Macerich from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. KeyCorp raised their target price on shares of Macerich from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Morgan Stanley lifted their target price on shares of Macerich from $20.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, June 18th. Truist Financial boosted their price target on shares of Macerich from $20.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Evercore set a $25.00 price target on shares of Macerich in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.75.

Macerich Price Performance

Shares of NYSE MAC opened at $24.29 on Wednesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a fifty day moving average price of $25.03 and a 200 day moving average price of $22.33. Macerich has a 1-year low of $16.03 and a 1-year high of $26.67. The company has a market cap of $6.89 billion, a PE ratio of -37.36, a P/E/G ratio of 1.72 and a beta of 2.07.

Macerich (NYSE:MAC) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). Macerich had a negative net margin of 16.85% and a negative return on equity of 6.26%. The company had revenue of $249.71 million during the quarter, compared to analyst estimates of $239.77 million. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis.

Institutional Investors Weigh In On Macerich

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Macerich in the 2nd quarter valued at about $1,378,836,000. California State Teachers Retirement System boosted its holdings in Macerich by 2,352.6% during the second quarter. California State Teachers Retirement System now owns 7,537,427 shares of the real estate investment trust’s stock worth $189,868,000 after buying an additional 7,230,107 shares in the last quarter. Deutsche Bank AG acquired a new position in Macerich during the second quarter worth about $138,928,000. Bamco Inc. NY acquired a new position in Macerich during the second quarter worth about $125,944,000. Finally, Centersquare Investment Management LLC increased its holdings in Macerich by 149.6% in the fourth quarter. Centersquare Investment Management LLC now owns 6,354,661 shares of the real estate investment trust’s stock valued at $117,307,000 after buying an additional 3,808,336 shares in the last quarter. 87.38% of the stock is currently owned by hedge funds and other institutional investors.

Macerich Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, September 14th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.68 dividend on an annualized basis and a yield of 2.8%. Macerich’s dividend payout ratio (DPR) is -104.62%.

Macerich Company Profile

The Macerich Company (NYSE: MAC) is a real estate investment trust (REIT) that specializes in the acquisition, development, ownership and management of regional shopping centers in the United States. Headquartered in Santa Monica, California, the company focuses on high-quality retail properties, including enclosed malls, open-air centers and mixed-use lifestyle destinations. Since its establishment as a REIT in 1994, Macerich has pursued a disciplined strategy of investing in properties that serve strong consumer demographics and offer long-term growth potential.

Macerich’s core activities encompass property and asset management, leasing, marketing and redevelopment services.