The stability and trans-cis photoisomerization properties of a macrocycle constituted of two para-aminoazobenzene units connected by two methylene bridges have been investigated by a combination of experimental and computational techniques. Irradiation at 365 nm leads to a photostationary state in which only 50% of the azobenzene units have isomerized, in contrast with the behavior of para-aminoazobenzene, whose photoconversion is larger than 80%. In the case of the macrocycle, a faster cis -> trans thermal back-reaction is observed. To assist the interpretation of the experimental results, molecular mechanics and quantum chemical calculations have been carried out. Of the possible conformers, the most stable trans-trans geometric isomer has been identified along with the more plausible trans-cis and cis-cis isomers. Ground-state energy barriers along the NN torsional coordinates were also computed, along with excitation energies and intensities for the species that can contribute to the photostationary state. The calculations point to a sequential photoisomerization mechanism and support a predominance of the trans-cis photoproduct with minor contributions from the cis-cis species. The thermal and photochemical reactivity of the examined macrocycle is compared to that of previously investigated azobenzenophanes and explained in terms of strain and substituent effects both concurring to favor the thermal cis -> trans back-reaction.