Zacks Research Has Negative Outlook of Macerich Q4 Earnings

The Macerich Company (NYSE:MAC) – Stock analysts at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for shares of Macerich in a report issued on Monday, January 6th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $0.46 per share for the quarter, down from their prior forecast of $0.47. The consensus estimate for Macerich’s current full-year earnings is $1.56 per share. Zacks Research also issued estimates for Macerich’s Q3 2025 earnings at $0.39 EPS, FY2025 earnings at $1.53 EPS and FY2026 earnings at $1.64 EPS.

Macerich (NYSE:MAC) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.90). Macerich had a net margin of 8.98% and a return on equity of 3.15%. The firm had revenue of $220.20 million during the quarter, compared to analyst estimates of $208.54 million. During the same period in the prior year, the company earned $0.44 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year.

A number of other analysts also recently weighed in on MAC. Jefferies Financial Group raised shares of Macerich from a “hold” rating to a “buy” rating and increased their target price for the company from $19.00 to $23.00 in a research report on Thursday, January 2nd. Compass Point lifted their price objective on Macerich from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler upped their target price on Macerich from $14.00 to $17.00 and gave the company an “underweight” rating in a research report on Wednesday, December 11th. Scotiabank upgraded Macerich from a “sector underperform” rating to a “sector perform” rating and set a $22.00 target price for the company in a report on Tuesday, December 17th. Finally, StockNews.com cut Macerich from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.24.

Macerich Stock Performance

NYSE MAC opened at $20.38 on Wednesday. The stock has a fifty day simple moving average of $20.25 and a 200 day simple moving average of $17.68. Macerich has a twelve month low of $12.99 and a twelve month high of $22.27. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 52.26, a PEG ratio of 0.75 and a beta of 2.51. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.68.

Macerich Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a $0.17 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.68 annualized dividend and a dividend yield of 3.34%. Macerich’s dividend payout ratio is currently 174.36%.

Insider Buying and Selling at Macerich

In other news, Director Andrea M. Stephen sold 63,289 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $20.59, for a total transaction of $1,303,120.51. Following the completion of the sale, the director now owns 83,479 shares in the company, valued at $1,718,832.61. This trade represents a 43.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On Macerich

Several institutional investors and hedge funds have recently bought and sold shares of MAC. GAMMA Investing LLC lifted its position in shares of Macerich by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 4,388 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 1,174 shares during the last quarter. Geode Capital Management LLC raised its stake in Macerich by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,426,909 shares of the real estate investment trust’s stock valued at $99,004,000 after acquiring an additional 34,982 shares during the period. Vestcor Inc lifted its holdings in Macerich by 91.4% during the third quarter. Vestcor Inc now owns 193,777 shares of the real estate investment trust’s stock valued at $3,534,000 after purchasing an additional 92,551 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Macerich by 0.7% during the third quarter. Public Employees Retirement System of Ohio now owns 314,000 shares of the real estate investment trust’s stock worth $5,727,000 after purchasing an additional 2,322 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Macerich by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 275,731 shares of the real estate investment trust’s stock worth $5,029,000 after purchasing an additional 700 shares in the last quarter. 87.38% of the stock is owned by institutional investors.

About Macerich

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, DC corridor.