Key Highlights for Investors:
- Macerich (MAC, Financial) sustains its quarterly dividend, offering a yield of 4.51%.
- Analyst price targets suggest a potential upside of 24.56% from current levels.
- GuruFocus estimates an intrinsic value indicating a potential downside of 19.83%.
Macerich Co. (MAC), a significant player in the retail real estate sector, has confirmed that it will be maintaining its quarterly dividend at $0.17 per share. This dividend rate is consistent with its previous payouts and currently provides investors with a competitive yield of 4.51%. The dividend is scheduled for distribution on June 17 to shareholders who are on record by June 3, with the ex-dividend date also set for June 3.
Wall Street Analysts Forecast
According to the projections from 12 market analysts, the average price target for Macerich Co. stands at $18.78, with potential estimates ranging between a high of $25.00 and a low of $14.40. These predictions imply a possible upside of 24.56% from the current trading price of $15.08. For a deeper dive into Macerich's forecasted stock performance, please visit the full analysis on the Macerich Co (MAC, Financial) Forecast page.
The consensus recommendation from 15 brokerage firms places Macerich Co. at a brokerage recommendation score of 2.9, suggesting a "Hold" rating. On this scale, a rating of 1 denotes a Strong Buy, while 5 indicates a Sell.
GF Value Estimation
GuruFocus provides an estimated GF Value for Macerich Co. at $12.09 for the upcoming year. This estimation suggests a potential downside of 19.83% from the current stock price of $15.08. The GF Value is derived from historical trading multiples, past business growth, and future business performance forecasts. For a comprehensive exploration of the company's performance metrics, refer to the Macerich Co (MAC, Financial) Summary page.
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