Research Analysts Offer Predictions for Macerich Q4 Earnings

The Macerich Company (NYSE:MAC) – Investment analysts at Zacks Research dropped their Q4 2024 EPS estimates for Macerich in a research note issued to investors on Monday, January 6th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $0.46 per share for the quarter, down from their previous 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.

A number of other equities analysts have also recently issued reports on MAC. StockNews.com cut Macerich from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Jefferies Financial Group upgraded Macerich from a “hold” rating to a “buy” rating and upped their price target for the company from $19.00 to $23.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group raised their price objective on Macerich from $13.00 to $14.60 and gave the company a “sell” rating in a report on Thursday, September 19th. Mizuho upgraded Macerich from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $14.00 to $22.00 in a report on Wednesday, December 4th. Finally, Bank of America increased their price target on shares of Macerich from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, October 11th. 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.com, Macerich has a consensus rating of “Hold” and a consensus price target of $19.24.

Macerich Stock Performance

Shares of Macerich stock opened at $20.38 on Wednesday. The company has a market capitalization of $5.06 billion, a PE 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. 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 stock’s fifty day simple moving average is $20.28 and its 200 day simple moving average is $17.70.

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

Macerich Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Tuesday, November 12th. Macerich’s dividend payout ratio (DPR) is currently 174.36%.

Insider Activity at Macerich

In other Macerich news, Director Andrea M. Stephen sold 63,289 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $20.59, for a total transaction of $1,303,120.51. Following the transaction, the director now owns 83,479 shares of the company’s stock, valued at approximately $1,718,832.61. This represents a 43.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Macerich

Several large investors have recently made changes to their positions in MAC. Blue Trust Inc. lifted its holdings in Macerich by 152.2% during the 3rd 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 during the last quarter. Quest Partners LLC acquired a new stake in Macerich in the second quarter valued at about $50,000. GAMMA Investing LLC boosted its stake in shares of Macerich by 40.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,214 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 933 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Macerich during the second quarter worth $129,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Macerich by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,374 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 2,161 shares in the last quarter. Institutional investors own 87.38% of the company’s stock.

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.