FY2027 EPS Estimates for Macerich Lowered by Zacks Research

The Macerich Company (NYSE:MAC) – Stock analysts at Zacks Research lowered their FY2027 earnings per share (EPS) estimates for Macerich in a research note issued to investors on Thursday, April 24th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $1.63 for the year, down from their previous estimate of $1.64. The consensus estimate for Macerich’s current full-year earnings is $1.55 per share.

A number of other brokerages have also recently commented on MAC. Morgan Stanley reduced their target price on shares of Macerich from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. The Goldman Sachs Group reduced their price objective on Macerich from $16.70 to $14.40 and set a “sell” rating for the company in a research note on Monday, March 10th. Truist Financial raised Macerich from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, April 10th. Jefferies Financial Group raised Macerich from a “hold” rating to a “buy” rating and boosted their target price for the company from $19.00 to $23.00 in a report on Thursday, January 2nd. Finally, Scotiabank lowered their price objective on shares of Macerich from $21.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.95.

Macerich Stock Up 1.2 %

MAC stock opened at $14.84 on Friday. The stock has a market cap of $3.75 billion, a P/E ratio of 38.05, a PEG ratio of 0.71 and a beta of 2.17. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.68. Macerich has a twelve month low of $12.48 and a twelve month high of $22.27. The company’s 50 day moving average is $16.50 and its two-hundred day moving average is $18.77.

Institutional Trading of Macerich

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Macerich by 13.2% during the 4th quarter. Vanguard Group Inc. now owns 38,617,446 shares of the real estate investment trust’s stock worth $769,260,000 after purchasing an additional 4,503,509 shares during the last quarter. FMR LLC increased its position in Macerich by 87.3% during the fourth quarter. FMR LLC now owns 22,047,786 shares of the real estate investment trust’s stock worth $439,192,000 after buying an additional 10,274,895 shares during the last quarter. Wellington Management Group LLP raised its holdings in Macerich by 845.9% during the fourth quarter. Wellington Management Group LLP now owns 10,051,286 shares of the real estate investment trust’s stock valued at $200,222,000 after buying an additional 8,988,665 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Macerich by 10.6% in the fourth quarter. Geode Capital Management LLC now owns 6,001,399 shares of the real estate investment trust’s stock worth $119,573,000 after buying an additional 574,490 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Macerich by 7.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,171,300 shares of the real estate investment trust’s stock worth $103,012,000 after acquiring an additional 369,931 shares in the last quarter. 87.38% of the stock is currently owned by institutional investors and hedge funds.

Macerich Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.58%. The ex-dividend date was Tuesday, March 4th. Macerich’s payout ratio is -86.08%.

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.