What is Zacks Research’s Forecast for Macerich Q4 Earnings?

The Macerich Company (NYSE:MAC) – Equities researchers at Zacks Research cut their Q4 2024 earnings estimates for 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 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.

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

Several other equities analysts also recently issued reports on MAC. Scotiabank raised Macerich from a “sector underperform” rating to a “sector perform” rating and set a $22.00 target price on the stock in a research report on Tuesday, December 17th. Mizuho upgraded Macerich from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $14.00 to $22.00 in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Macerich in a research report on Tuesday, December 17th. They set a “hold” rating and a $22.00 price target for the company. Jefferies Financial Group upgraded Macerich from a “hold” rating to a “buy” rating and upped their price target for the stock from $19.00 to $23.00 in a report on Thursday, January 2nd. Finally, Piper Sandler raised their price objective on shares of Macerich from $14.00 to $17.00 and gave the stock an “underweight” rating in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.24.

Macerich Stock Performance

Shares of MAC opened at $20.38 on Wednesday. Macerich has a one year low of $12.99 and a one year high of $22.27. The business has a fifty day moving average of $20.28 and a 200 day moving average of $17.70. The firm has a market capitalization of $5.06 billion, a P/E ratio of 52.26, a PEG ratio of 0.75 and a beta of 2.51. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.92 and a quick ratio of 0.92.

Macerich Dividend Announcement

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

Insider Buying and Selling at Macerich

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 stock was sold at an average price of $20.59, for a total value of $1,303,120.51. Following the completion of the transaction, the director now owns 83,479 shares of the company’s stock, valued at approximately $1,718,832.61. The trade was a 43.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.53% of the company’s stock.

Institutional Trading of Macerich

Hedge funds have recently added to or reduced their stakes in the business. 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Macerich by 0.6% in the third 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 in the last quarter. Vestcor Inc raised its holdings in shares of Macerich by 91.4% in the 3rd 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 in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Macerich by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 314,000 shares of the real estate investment trust’s stock valued at $5,727,000 after buying an additional 2,322 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in Macerich by 0.3% during 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 buying an additional 700 shares during the period. 87.38% of the stock is owned by hedge funds and other institutional investors.

Macerich Company Profile

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.