Macerich (NYSE:MAC) Price Target Raised to $19.00

Macerich (NYSE:MAC) had its price objective hoisted by JPMorgan Chase & Co. from $18.00 to $19.00 in a report issued on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the real estate investment trust’s stock.

MAC has been the subject of several other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a $21.00 price objective on shares of Macerich in a research note on Monday, December 15th. KeyCorp set a $25.00 target price on shares of Macerich and gave the stock an “overweight” rating in a report on Monday, February 23rd. The Goldman Sachs Group lifted their price target on shares of Macerich from $15.00 to $17.00 and gave the company a “sell” rating in a research report on Monday, March 2nd. Truist Financial increased their price target on Macerich from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Citigroup raised their price objective on Macerich from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.46.

Macerich Price Performance

NYSE:MAC opened at $18.61 on Tuesday. The firm’s fifty day moving average price is $19.01 and its two-hundred day moving average price is $18.18. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $4.78 billion, a P/E ratio of -24.17, a P/E/G ratio of 1.33 and a beta of 2.17. Macerich has a one year low of $12.48 and a one year high of $20.93.

Macerich (NYSE:MAC) last posted its earnings results on Wednesday, February 18th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.50). The firm had revenue of $261.70 million during the quarter, compared to analyst estimates of $260.48 million. Macerich had a negative net margin of 19.44% and a negative return on equity of 7.32%. Macerich’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. Equities analysts expect that Macerich will post 1.55 earnings per share for the current year.

Macerich Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, March 16th. Macerich’s dividend payout ratio is presently -88.31%.

Institutional Trading of Macerich

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of Macerich by 76.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,347 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 585 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Macerich by 366.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,394 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,095 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Macerich by 80.4% in the fourth quarter. Hantz Financial Services Inc. now owns 1,535 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 684 shares during the period. Triumph Capital Management acquired a new stake in Macerich in the third quarter valued at $33,000. Finally, Salomon & Ludwin LLC raised its position in Macerich by 156.6% during the 4th quarter. Salomon & Ludwin LLC now owns 2,189 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,336 shares during the last quarter. 87.38% of the stock is currently owned by institutional investors.

Key Macerich News

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: JPMorgan increased its price target for Macerich to $19.00, providing near-term support for the stock by signaling better medium-term valuation expectations. JPMorgan price target raise
• Positive Sentiment: Zacks raised several 2027 and late-2026 estimates: Q1 2027 to $0.35, Q2 2027 to $0.37, Q3 2027 to $0.39 and bumped Q4 2026 to $0.45 (small upward revisions), and lifted FY2027 to $1.56—indicating improving expectations beyond 2026.
• Neutral Sentiment: Zacks published FY2028 guidance of $1.62 EPS for Macerich; useful for longer-horizon investors but less immediately market-moving than near-term cuts.
• Negative Sentiment: Zacks cut several near-term 2026 estimates: Q1 2026 to $0.30 (from $0.32), Q2 2026 to $0.32 (from $0.34), Q3 2026 to $0.34 (from $0.36), and lowered FY2026 to $1.42 (from $1.47). These downward revisions to 2026 earnings are the most likely catalyst for selling pressure today.
• Negative Sentiment: Zacks also trimmed Q4 2027 slightly (to $0.45 from $0.46), adding to the mixed-tone of the report and reinforcing near-term uncertainty for the year-ahead cadence.

Macerich Company Profile

The Macerich Company (NYSE: MAC) is a real estate investment trust (REIT) that specializes in the acquisition, development, ownership and management of regional shopping centers in the United States. Headquartered in Santa Monica, California, the company focuses on high-quality retail properties, including enclosed malls, open-air centers and mixed-use lifestyle destinations. Since its establishment as a REIT in 1994, Macerich has pursued a disciplined strategy of investing in properties that serve strong consumer demographics and offer long-term growth potential.

Macerich’s core activities encompass property and asset management, leasing, marketing and redevelopment services.