Q1 Earnings Forecast for Macerich Issued By Zacks Research

Macerich Company (The) (NYSE:MAC) – Research analysts at Zacks Research lowered their Q1 2026 EPS estimates for Macerich in a report released on Thursday, June 12th. Zacks Research analyst R. Department now expects that the real estate investment trust will earn $0.32 per share for the quarter, down from their prior forecast of $0.33. The consensus estimate for Macerich’s current full-year earnings is $1.55 per share. Zacks Research also issued estimates for Macerich’s Q2 2026 earnings at $0.35 EPS, Q3 2026 earnings at $0.38 EPS, Q4 2026 earnings at $0.45 EPS, FY2026 earnings at $1.51 EPS and Q1 2027 earnings at $0.34 EPS.

Several other brokerages also recently weighed in on MAC. The Goldman Sachs Group reduced their target price on shares of Macerich from $16.70 to $14.40 and set a “sell” rating on the stock in a research note on Monday, March 10th. Mizuho raised shares of Macerich from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $22.00 to $18.00 in a research report on Tuesday, June 10th. Piper Sandler raised shares of Macerich from an “underweight” rating to a “neutral” rating and set a $16.00 price objective for the company in a research note on Thursday, May 22nd. Scotiabank cut their target price on Macerich from $21.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 23rd. Finally, Morgan Stanley reduced their price target on Macerich from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.78.

Macerich Stock Down 1.6%

Shares of MAC opened at $15.81 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.91. The business has a fifty day moving average of $15.29 and a 200 day moving average of $17.86. The company has a market cap of $3.99 billion, a PE ratio of -36.77, a P/E/G ratio of 5.25 and a beta of 2.17. Macerich has a 52-week low of $12.48 and a 52-week high of $22.27.

Macerich (NYSE:MAC) last issued its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $249.22 million for the quarter, compared to analysts’ expectations of $221.61 million. Macerich had a negative return on equity of 4.37% and a negative net margin of 12.26%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share.

Macerich Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Tuesday, June 3rd. Macerich’s dividend payout ratio is -158.14%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Macerich by 87.3% during the fourth quarter. FMR LLC now owns 22,047,786 shares of the real estate investment trust’s stock valued at $439,192,000 after purchasing an additional 10,274,895 shares in the last quarter. Wellington Management Group LLP lifted 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 worth $200,222,000 after buying an additional 8,988,665 shares during the period. Vanguard Group Inc. boosted its position in 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 valued at $769,260,000 after acquiring an additional 4,503,509 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Macerich by 175.8% in the 4th quarter. Bamco Inc. NY now owns 4,675,471 shares of the real estate investment trust’s stock valued at $93,135,000 after acquiring an additional 2,980,051 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Macerich by 463.6% in the 4th quarter. Prudential Financial Inc. now owns 2,590,689 shares of the real estate investment trust’s stock valued at $51,607,000 after acquiring an additional 2,131,030 shares during the period. 87.38% of the stock is currently owned by 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.