Macerich Company Declares Quarterly Cash Dividend of $0.17 per Share

Macerich Company declared a $0.17 quarterly dividend, payable June 17, 2025, to shareholders on record by June 3, 2025.

Quiver AI Summary

The Macerich Company has announced a quarterly cash dividend of $0.17 per share of common stock, which will be paid on June 17, 2025, to stockholders recorded as of June 3, 2025. Macerich is a prominent real estate investment trust (REIT) focused on the ownership, operation, and development of high-quality retail properties in key U.S. markets, primarily in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to D.C. area. The company owns 42 million square feet of real estate, mainly consisting of 39 retail centers, and is dedicated to environmental sustainability and corporate governance, having achieved a top GRESB ranking for sustainability in the North American retail sector for ten consecutive years. More details can be found on their website and through their investor relations channels.

Potential Positives

The declaration of a quarterly cash dividend of $0.17 per share demonstrates financial stability and a commitment to returning value to shareholders.
The dividend payout date of June 17, 2025, indicates the company's ongoing operations and ability to generate cash flow for its shareholders.
Macerich's leadership status in retail real estate, as evidenced by its significant portfolio and prime market locations, underscores its competitive advantage in the industry.
The company’s consistent #1 ranking in the GRESB for ten consecutive years highlights its commitment to sustainability, which can enhance its reputation and attract environmentally-conscious investors.

Potential Negatives

Declaring a relatively low quarterly cash dividend of $0.17 per share may indicate limited profitability or cash flow issues, raising concerns among investors about the company's financial health.

FAQ

What is the recent dividend declared by Macerich?

The Macerich Company declared a quarterly cash dividend of $0.17 per share of common stock.

When will the dividend be paid?

The dividend is payable on June 17, 2025, to stockholders of record as of June 3, 2025.

What type of company is Macerich?

Macerich is a real estate investment trust (REIT) specializing in high-quality retail real estate.

How many retail centers does Macerich own?

Macerich owns interests in 39 retail centers, encompassing 42 million square feet of real estate.

What is Macerich's sustainability ranking?

Macerich has achieved a #1 GRESB ranking for the North American retail sector for ten consecutive years.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$MAC Insider Trading Activity

$MAC insiders have traded $MAC stock on the open market 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $MAC stock by insiders over the last 6 months:

ANDREA M STEPHEN sold 63,289 shares for an estimated $1,303,120
JACKSON HSIEH (President and CEO) purchased 56,000 shares for an estimated $993,832
DEVIN IGNATIUS MURPHY purchased 7,000 shares for an estimated $114,799

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$MAC Hedge Fund Activity

We have seen 172 institutional investors add shares of $MAC stock to their portfolio, and 103 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 10,274,895 shares (+87.3%) to their portfolio in Q4 2024, for an estimated $204,675,908
WELLINGTON MANAGEMENT GROUP LLP added 8,988,665 shares (+845.9%) to their portfolio in Q4 2024, for an estimated $179,054,206
BLACKROCK, INC. added 5,657,152 shares (+14.1%) to their portfolio in Q4 2024, for an estimated $112,690,467
VANGUARD GROUP INC added 4,503,509 shares (+13.2%) to their portfolio in Q4 2024, for an estimated $89,709,899
BAMCO INC /NY/ added 2,980,051 shares (+175.8%) to their portfolio in Q4 2024, for an estimated $59,362,615
PRUDENTIAL FINANCIAL INC added 2,131,030 shares (+463.6%) to their portfolio in Q4 2024, for an estimated $42,450,117
JPMORGAN CHASE & CO added 1,667,066 shares (+77.7%) to their portfolio in Q4 2024, for an estimated $33,207,954

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$MAC Analyst Ratings

Wall Street analysts have issued reports on $MAC in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Jefferies issued a "Buy" rating on 01/01/2025
Piper Sandler issued a "Underweight" rating on 12/11/2024

To track analyst ratings and price targets for $MAC, check out Quiver Quantitative's $MAC forecast page.

$MAC Price Targets

Multiple analysts have issued price targets for $MAC recently. We have seen 4 analysts offer price targets for $MAC in the last 6 months, with a median target of $18.0.

Here are some recent targets:

Greg McGinnis from Scotiabank set a target price of $16.0 on 04/23/2025
Ki Bin Kim from Truist Financial set a target price of $19.0 on 04/01/2025
Linda Tsai from Jefferies set a target price of $23.0 on 01/01/2025
Alexander Goldfarb from Piper Sandler set a target price of $17.0 on 12/11/2024

Full Release

SANTA MONICA, Calif., April 28, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on June 17, 2025, to stockholders of record at the close of business on June 3, 2025.

About Macerich
Macerich is a fully integrated, self-managed, 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, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 42 million square feet of real estate, consisting primarily of interests in 39 retail centers. Macerich is firmly dedicated to advancing environmental goals, social good, and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for ten consecutive years (2015-2024). For more information, please visit www.Macerich.com .

Macerich uses, and intends to continue to use, its Investor Relations website, which can be found at investing.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at investing.macerich.com .

MAC-I

SOURCE: Macerich

INVESTOR CONTACT: Samantha Greening, AVP Investor Relations, [email protected]