Analysts Offer Predictions for Macerich Q1 Earnings

Macerich Company (The) (NYSE:MAC) – Investment analysts at KeyCorp issued their Q1 2026 earnings per share (EPS) estimates for shares of Macerich in a research note issued on Sunday, February 22nd. KeyCorp analyst T. Thomas anticipates that the real estate investment trust will post earnings of $0.30 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $25.00 target price on the stock. The consensus estimate for Macerich’s current full-year earnings is $1.55 per share. KeyCorp also issued estimates for Macerich’s 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.

Macerich (NYSE:MAC) last released 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 return on equity of 7.32% and a negative net margin of 19.44%.The firm had revenue of $261.70 million for the quarter, compared to the consensus estimate of $260.48 million. During the same period in the previous year, the business earned $0.47 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year.

A number of other analysts have also recently commented on the stock. Truist Financial upped their price objective on shares of Macerich from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Mizuho set a $21.00 price target on Macerich in a report on Friday, January 9th. Scotiabank lifted their price objective on Macerich from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Macerich in a research report on Thursday, January 22nd. Finally, 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. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.20.

Macerich Trading Down 0.2%

MAC opened at $20.19 on Tuesday. The firm’s fifty day moving average is $18.75 and its two-hundred day moving average is $17.99. The firm has a market cap of $5.18 billion, a PE ratio of -26.22, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.03 and a current ratio of 1.02.

Institutional Trading of Macerich

Several institutional investors and hedge funds have recently bought and sold shares of MAC. Nordea Investment Management AB bought a new stake in Macerich in the 3rd quarter valued at $5,326,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Macerich by 35.0% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 724,233 shares of the real estate investment trust’s stock worth $13,181,000 after buying an additional 187,900 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Macerich by 39.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 388,219 shares of the real estate investment trust’s stock worth $7,066,000 after buying an additional 109,413 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Macerich by 1,110.2% in the third quarter. SG Americas Securities LLC now owns 185,832 shares of the real estate investment trust’s stock valued at $3,382,000 after acquiring an additional 170,477 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of Macerich in the second quarter valued at about $18,368,000. Institutional investors own 87.38% of the company’s stock.

Macerich Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.4%. Macerich’s payout ratio is currently -88.31%.

Macerich News Summary

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: KeyCorp upgraded Macerich from “sector weight” to “overweight” and set a $25 price target (~24% upside from the current price), a direct catalyst supporting the stock. The Fly Benzinga
• Positive Sentiment: KeyCorp reiterated a “Strong‑Buy” stance and published multi‑quarter and FY2026/ FY2027 EPS forecasts (FY2026 ~ $1.47, FY2027 ~ $1.69), giving investors a clearer earnings trajectory to support valuation upside. MarketBeat coverage of estimates
• Neutral Sentiment: Wider media picked up the KeyCorp upgrade (more distribution can boost liquidity and interest), though press coverage alone doesn’t change fundamentals. MSN
• Negative Sentiment: Q4 2025 results remain a concern: Macerich missed EPS expectations (reported a loss vs. consensus), revenue was down year‑over‑year, and management faces an ongoing loss/turnaround narrative that could cap near‑term upside. Article on Q4 results and turnaround questions
• Negative Sentiment: Investors may also be parsing the full Q4 2025 earnings call transcript for guidance and execution risks; details there will influence whether KeyCorp’s optimistic estimates are believable. Earnings call transcript

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.