Macerich (NYSE:MAC) Given New $21.00 Price Target at Citigroup

Macerich (NYSE:MAC) had its price target lifted by stock analysts at Citigroup from $19.00 to $21.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective would indicate a potential upside of 2.60% from the company’s current price.

A number of other research firms have also recently weighed in on MAC. Mizuho set a $21.00 price target on Macerich in a report on Friday, January 9th. Jefferies Financial Group restated a “buy” rating and set a $21.00 target price on shares of Macerich in a report on Monday, December 15th. Scotiabank lifted their price target on Macerich from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Truist Financial increased their price objective on shares of Macerich from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Macerich in a research note on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Macerich currently has an average rating of “Hold” and a consensus price target of $20.26.

Macerich Stock Performance

MAC traded up $0.30 during midday trading on Wednesday, reaching $20.47. The company’s stock had a trading volume of 895,423 shares, compared to its average volume of 2,066,542. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 2.01. The company has a fifty day simple moving average of $18.75 and a 200 day simple moving average of $17.99. The stock has a market cap of $5.25 billion, a P/E ratio of -26.58, a PEG ratio of 4.48 and a beta of 2.16. Macerich has a twelve month low of $12.48 and a twelve month high of $20.84.

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). The business had revenue of $261.70 million during the quarter, compared to the consensus estimate of $260.48 million. Macerich had a negative net margin of 19.44% and a negative return on equity of 7.32%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 earnings per share. Research analysts expect that Macerich will post 1.55 earnings per share for the current year.

Institutional Trading of Macerich

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Macerich by 76.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,347 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 585 shares during the period. Global Retirement Partners LLC lifted its position in Macerich by 366.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,394 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,095 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Macerich by 80.4% during the fourth quarter. Hantz Financial Services Inc. now owns 1,535 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 684 shares during the period. Triumph Capital Management acquired a new position in shares of Macerich in the third quarter valued at approximately $33,000. Finally, Salomon & Ludwin LLC increased its stake in shares of Macerich by 156.6% during the fourth 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 period. Institutional investors and hedge funds own 87.38% of the company’s stock.

Key Stories Impacting Macerich

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: KeyCorp/KeyBanc upgraded MAC to an Overweight/Strong-Buy and set a $25 price target, implying meaningful upside vs. the current share price — a direct catalyst for buying momentum. The Fly
• Positive Sentiment: KeyCorp (analyst T. Thomas) published detailed forward EPS forecasts raising multi-quarter and multi-year projections (FY2026 ~ $1.47; FY2027 ~ $1.69), signaling improving fundamentals and giving investors a clearer path to earnings recovery. MarketBeat
• Neutral Sentiment: KeyBanc/KeyCorp coverage and refreshed targets increase analyst attention and liquidity; that can amplify moves but also raises sensitivity to upcoming quarter prints and guidance. MSN
• Negative Sentiment: Q4 2025 results remain a worry: MAC reported a surprise EPS miss (reported -$0.07 vs. $0.43 expected) and negative margins/returns, highlighting ongoing losses and a turnaround that’s not yet proven. That underlying weakness could limit upside unless upcoming quarters show sustained improvement. Article Earnings Transcript

About Macerich

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.