Citigroup Issues Positive Forecast for Macerich (NYSE:MAC) Stock Price

Macerich (NYSE:MAC) had its target price hoisted by Citigroup from $19.00 to $21.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on MAC. Jefferies Financial Group reissued a “buy” rating and set a $21.00 price objective on shares of Macerich in a report on Monday, December 15th. KeyCorp set a $25.00 target price on shares of Macerich and gave the company an “overweight” rating in a research report on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of Macerich in a research report on Thursday, January 22nd. Scotiabank upped their price objective on shares of Macerich from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Finally, Mizuho set a $21.00 price objective on Macerich in a report on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Macerich has a consensus rating of “Hold” and a consensus price target of $20.26.

Macerich Stock Up 2.2%

Shares of NYSE MAC opened at $20.61 on Wednesday. The business has a 50-day moving average of $18.79 and a two-hundred day moving average of $18.01. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of -26.76, a price-to-earnings-growth ratio of 1.39 and a beta of 2.16. Macerich has a 1 year low of $12.48 and a 1 year high of $20.84. 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 (NYSE:MAC) last released its quarterly earnings data 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 business had revenue of $261.70 million during the quarter, compared to analysts’ expectations of $260.48 million. Macerich had a negative net margin of 19.44% and a negative return on equity of 7.32%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. On average, analysts forecast that Macerich will post 1.55 earnings per share for the current fiscal year.

Macerich Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, March 16th. Macerich’s dividend payout ratio (DPR) is presently -88.31%.

Institutional Investors Weigh In On Macerich

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

Macerich News Roundup

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: KeyCorp upgraded Macerich from sector weight to overweight, set a $25 price target and published a detailed set of raised quarterly and FY2026–FY2027 EPS forecasts (FY2027 EPS of $1.69 vs. consensus ~$1.55). The upgrade and updated earnings model are the main near-term bullish drivers for the stock. Benzinga The Fly Zacks
• Neutral Sentiment: Citigroup raised its price target on MAC from $19 to $21 but kept a “neutral” rating; the new target implies only modest upside versus the current trading level, so this is a limited positive signal relative to KeyCorp’s stronger stance. Benzinga
• Negative Sentiment: Recent coverage and the Q4/2025 call transcript highlight that while revenue improved, the company still reports ongoing losses and missed prior EPS expectations — reminders that execution and profitability remain risks that could cap upside if results don’t improve. Q4 2025 Earnings Call Transcript Article on 2025 Revenue and Losses

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.