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

The Macerich Company (NYSE:MAC) – Stock analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for shares of Macerich in a note issued to investors on Monday, January 6th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings per share of $0.46 for the quarter, down from their prior estimate 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 issued its earnings results 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 return on equity of 3.15% and a net margin of 8.98%. The firm had revenue of $220.20 million during the quarter, compared to the consensus estimate of $208.54 million. During the same quarter in the prior year, the business posted $0.44 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis.

Other analysts also recently issued research reports about the company. Scotiabank upgraded Macerich from a “sector underperform” rating to a “sector perform” rating and set a $22.00 price target on the stock in a research note on Tuesday, December 17th. The Goldman Sachs Group boosted their price target on Macerich from $13.00 to $14.60 and gave the company a “sell” rating in a report on Thursday, September 19th. Piper Sandler increased their price objective on shares of Macerich from $14.00 to $17.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised Macerich from a “hold” rating to a “buy” rating and lifted their target price for the company from $19.00 to $23.00 in a research note on Thursday, January 2nd. Finally, Compass Point lifted their price target on shares of Macerich from $20.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.24.

Macerich Stock Down 0.2 %

Shares of Macerich stock opened at $20.38 on Wednesday. The company’s fifty day simple moving average is $20.25 and its two-hundred day simple moving average is $17.68. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.68. The company has a market cap of $5.06 billion, a P/E ratio of 52.26, a PEG ratio of 0.75 and a beta of 2.51. Macerich has a 12-month low of $12.99 and a 12-month high of $22.27.

Hedge Funds Weigh In On Macerich

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in Macerich by 152.2% in the third quarter. Blue Trust Inc. now owns 1,546 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 933 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Macerich in the 2nd quarter worth about $50,000. GAMMA Investing LLC increased its position in shares of Macerich by 40.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,214 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 933 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Macerich during the second quarter worth approximately $129,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Macerich by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,374 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 2,161 shares during the last quarter. 87.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Macerich news, Director Andrea M. Stephen sold 63,289 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $20.59, for a total value of $1,303,120.51. Following the completion of the sale, the director now directly owns 83,479 shares of the company’s stock, valued at $1,718,832.61. The trade was a 43.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Macerich Announces Dividend

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

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.