Macerich (NYSE:MAC) Upgraded at KeyCorp

KeyCorp upgraded shares of Macerich (NYSE:MAC) from a sector weight rating to an overweight rating in a research report report published on Sunday morning, Marketbeat Ratings reports. The firm currently has $25.00 price objective on the real estate investment trust’s stock. 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 equities research analysts also recently issued reports about the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Macerich in a report on Thursday, January 22nd. Scotiabank upped their price target on shares of Macerich from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Jefferies Financial Group reissued a “buy” rating and set a $21.00 price objective on shares of Macerich in a research report on Monday, December 15th. Truist Financial lifted their price objective on shares of Macerich from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Mizuho set a $21.00 target price on shares of Macerich in a report on Friday, January 9th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.20.

Macerich Price Performance

Shares of MAC opened at $20.19 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.02 and a quick ratio of 1.03. Macerich has a 1-year low of $12.48 and a 1-year high of $20.84. The stock 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. The firm has a fifty day moving average price of $18.75 and a 200 day moving average price of $17.99.

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 analysts’ consensus estimates of $0.43 by ($0.50). The firm had revenue of $261.70 million for the quarter, compared to analyst estimates of $260.48 million. Macerich had a negative return on equity of 7.32% and a negative net margin of 19.44%.The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. As a group, sell-side analysts anticipate that Macerich will post 1.55 EPS for the current year.

Macerich Announces Dividend

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

Hedge Funds Weigh In On Macerich

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

Key Macerich News

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.