Macerich (MAC) Projected to Post Quarterly Earnings on Wednesday

Macerich (NYSE:MAC) is anticipated to issue its Q1 2026 results before the market opens on Wednesday, May 6th. Analysts expect the company to announce earnings of ($0.1047) per share and revenue of $233.0610 million for the quarter. Parties may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, May 6, 2026 at 5:00 PM ET.

Macerich (NYSE:MAC) last posted its quarterly earnings results on Wednesday, February 18th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.50). The company had revenue of $261.70 million during the quarter, compared to the consensus estimate of $260.48 million. Macerich had a negative net margin of 19.44% and a negative return on equity of 7.32%. Macerich’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. On average, analysts expect Macerich to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Macerich Price Performance

NYSE MAC opened at $21.48 on Tuesday. The stock has a market capitalization of $5.59 billion, a P/E ratio of -27.90, a P/E/G ratio of 1.49 and a beta of 2.12. Macerich has a 1 year low of $14.62 and a 1 year high of $22.56. The business’s fifty day moving average is $20.10 and its two-hundred day moving average is $18.78. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.02 and a current ratio of 1.02.

Macerich Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 15th. Macerich’s payout ratio is -88.31%.

Hedge Funds Weigh In On Macerich

A number of hedge funds have recently modified their holdings of MAC. Royal Bank of Canada increased its stake in shares of Macerich by 20.1% in the first quarter. Royal Bank of Canada now owns 77,872 shares of the real estate investment trust’s stock worth $1,338,000 after acquiring an additional 13,018 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Macerich by 2.2% in the first quarter. AQR Capital Management LLC now owns 37,808 shares of the real estate investment trust’s stock worth $640,000 after acquiring an additional 813 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Macerich by 10.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 148,592 shares of the real estate investment trust’s stock worth $2,551,000 after acquiring an additional 13,782 shares during the last quarter. Millennium Management LLC increased its stake in shares of Macerich by 376.2% in the first quarter. Millennium Management LLC now owns 906,843 shares of the real estate investment trust’s stock worth $15,570,000 after acquiring an additional 716,394 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Macerich by 12.8% in the first quarter. Empowered Funds LLC now owns 26,361 shares of the real estate investment trust’s stock worth $453,000 after acquiring an additional 2,983 shares during the last quarter. 87.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MAC. JPMorgan Chase & Co. boosted their target price on shares of Macerich from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, March 10th. KeyCorp set a $25.00 target price on shares of Macerich and gave the company an “overweight” rating in a research note on Monday, February 23rd. Citigroup boosted their target price on shares of Macerich from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Truist Financial boosted their target price on shares of Macerich from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Morgan Stanley set a $20.00 target price on shares of Macerich in a research note on Tuesday, April 14th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Macerich presently has a consensus rating of “Hold” and an average target price of $20.77.

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.