Zacks Research Has Pessimistic View of Macerich Q4 Earnings

The Macerich Company (NYSE:MAC) – Investment analysts at Zacks Research decreased their Q4 2024 earnings estimates for shares of Macerich in a research note issued to investors on Monday, January 6th. Zacks Research analyst R. Department now anticipates 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 issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.90). The company had revenue of $220.20 million for the quarter, compared to analyst estimates of $208.54 million. Macerich had a return on equity of 3.15% and a net margin of 8.98%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share.

Several other research firms also recently issued reports on MAC. 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 research note on Wednesday, December 4th. The Goldman Sachs Group upped their price target on shares of Macerich from $13.00 to $14.60 and gave the company a “sell” rating in a research note on Thursday, September 19th. Jefferies Financial Group upgraded shares of Macerich from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $19.00 to $23.00 in a research note on Thursday, January 2nd. Bank of America raised their target price on shares of Macerich from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Finally, Compass Point boosted their price target on Macerich from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.24.

Macerich Price Performance

NYSE:MAC opened at $20.42 on Wednesday. The stock has a market capitalization of $5.07 billion, a PE ratio of 52.36, a P/E/G ratio of 0.75 and a beta of 2.51. Macerich has a 1-year low of $12.99 and a 1-year high of $22.27. The firm has a fifty day simple moving average of $20.22 and a 200 day simple moving average of $17.66. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.68.

Institutional Trading of Macerich

Several institutional investors have recently added to or reduced their stakes in MAC. Nomura Asset Management Co. Ltd. boosted its stake in shares of Macerich by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 275,731 shares of the real estate investment trust’s stock valued at $5,029,000 after purchasing an additional 700 shares during the last quarter. Lodestone Wealth Management LLC boosted its position in Macerich by 0.6% during the third quarter. Lodestone Wealth Management LLC now owns 154,082 shares of the real estate investment trust’s stock valued at $2,810,000 after acquiring an additional 859 shares during the last quarter. Townsquare Capital LLC grew its holdings in Macerich by 7.2% during the 3rd quarter. Townsquare Capital LLC now owns 13,448 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 902 shares during the period. GAMMA Investing LLC raised its position 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 worth $59,000 after acquiring an additional 933 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Macerich by 152.2% in the 3rd quarter. Blue Trust Inc. now owns 1,546 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 933 shares during the period. 87.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Andrea M. Stephen sold 63,289 shares of the business’s stock in a transaction on 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 sale, the director now owns 83,479 shares of the company’s stock, valued at $1,718,832.61. The trade was a 43.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.

Macerich Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors 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 dividend on an annualized basis and a yield of 3.33%. Macerich’s dividend payout ratio (DPR) is presently 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.