Macerich (NYSE:MAC) Upgraded at KeyCorp

Macerich (NYSE:MAC) was upgraded by analysts at KeyCorp from a “hold” rating to a “strong-buy” rating in a research report issued on Sunday,Zacks.com reports. KeyCorp also issued estimates for Macerich’s Q1 2026 earnings at $0.30 EPS, Q2 2026 earnings at $0.32 EPS, Q3 2026 earnings at $0.37 EPS, Q4 2026 earnings at $0.48 EPS, FY2026 earnings at $1.47 EPS, Q1 2027 earnings at $0.37 EPS, Q2 2027 earnings at $0.37 EPS, Q3 2027 earnings at $0.42 EPS, Q4 2027 earnings at $0.53 EPS and FY2027 earnings at $1.69 EPS.

Other research analysts have also issued research reports about the stock. Scotiabank lifted their price target on shares of Macerich from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Jefferies Financial Group restated a “buy” rating and issued a $21.00 target price on shares of Macerich in a report on Monday, December 15th. Truist Financial boosted their target price on Macerich from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Mizuho set a $21.00 price target on Macerich in a research report on Friday, January 9th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Macerich in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.20.

Macerich Price Performance

NYSE:MAC opened at $20.27 on Friday. Macerich has a 52-week low of $12.48 and a 52-week high of $20.85. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 2.01. The firm has a market cap of $5.19 billion, a P/E ratio of -26.33, a PEG ratio of 4.51 and a beta of 2.16. The business’s 50-day moving average price is $18.71 and its 200 day moving average price is $17.97.

Macerich (NYSE:MAC) last posted its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.50). Macerich had a negative net margin of 19.44% and a negative return on equity of 7.32%. The business had revenue of $261.70 million for the quarter, compared to the consensus estimate of $260.48 million. During the same quarter last year, the business posted $0.47 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, sell-side analysts predict that Macerich will post 1.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Macerich

A number of large investors have recently made changes to their positions in the business. State Street Corp lifted its position in shares of Macerich by 2.4% in the second quarter. State Street Corp now owns 15,162,075 shares of the real estate investment trust’s stock worth $245,322,000 after purchasing an additional 351,907 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Macerich by 17.7% in the 4th quarter. JPMorgan Chase & Co. now owns 13,555,892 shares of the real estate investment trust’s stock valued at $250,242,000 after buying an additional 2,034,338 shares during the period. Geode Capital Management LLC lifted its position in Macerich by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 6,608,318 shares of the real estate investment trust’s stock worth $122,008,000 after buying an additional 70,132 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in shares of Macerich by 149.6% during the 4th quarter. Centersquare Investment Management LLC now owns 6,354,661 shares of the real estate investment trust’s stock valued at $117,307,000 after buying an additional 3,808,336 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Macerich by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,039,561 shares of the real estate investment trust’s stock valued at $93,030,000 after acquiring an additional 123,769 shares in the last quarter. Institutional investors and hedge funds own 87.38% of the company’s stock.

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.