Macerich (NYSE:MAC) Reaches New 12-Month High – Should You Buy?

Macerich Company (The) (NYSE:MAC)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $21.25 and last traded at $21.0460, with a volume of 1907527 shares. The stock had previously closed at $20.68.

More Macerich News

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: Zacks Research raised near-term EPS outlooks for MAC — they boosted Q2 2026 to $0.33 and Q3 2026 to $0.35 and nudged FY2026 to $1.43 (from $1.42). These upgrades signal modestly better expected operating performance and likely support the rally by improving near-term earnings visibility.
• Positive Sentiment: Zacks also raised multi‑year estimates across FY2027 and FY2028 and lifted several quarter-level forecasts (multiple small increases across 2027–2028), which can improve sentiment around growth trajectory beyond the current year.
• Neutral Sentiment: Several peer-comparison and industry analysis pieces were published that contextualize MAC versus competitors — useful for relative-valuation checks but not direct catalysts. Macerich (MAC) vs. Its Peers Critical Review
• Neutral Sentiment: Additional comparative write-ups highlight financial contrasts and competitive positioning; these may influence longer-term investor views on valuation and sector standing. Analyzing Macerich (MAC) and Its Peers
• Neutral Sentiment: Further peer/financial-contrast coverage provides more data points for analysts and investors to re-run comps and stress-test leverage and dividend sustainability. Macerich (MAC) vs. Its Competitors Financial Contrast
• Negative Sentiment: Zacks trimmed one quarterly forecast — they cut Q4 2027 to $0.43 from $0.45 — a small downgrade that may temper enthusiasm about consistent upside and highlights forecasting uncertainty for later quarters.

Analysts Set New Price Targets

A number of equities research analysts have commented on MAC shares. Truist Financial raised their price target on shares of Macerich from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Scotiabank upgraded shares of Macerich from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $19.00 to $22.00 in a report on Monday, March 30th. JPMorgan Chase & Co. raised their price target on shares of Macerich from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, March 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Macerich in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Macerich from $15.00 to $17.00 and gave the stock a “sell” rating in a report on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.83.

Macerich Stock Up 1.6%

The firm has a market cap of $5.50 billion, a P/E ratio of -27.82, a price-to-earnings-growth ratio of 1.47 and a beta of 2.20. The stock’s 50 day simple moving average is $19.35 and its 200 day simple moving average is $18.35. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.02 and a current ratio of 1.02.

Macerich (NYSE:MAC) last posted its earnings results on Wednesday, February 18th. The real estate investment trust reported ($0.07) earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $260.48 million. During the same quarter in the previous year, the company earned $0.47 EPS. The business’s revenue was down 4.4% compared to the same quarter last year. Research analysts anticipate that Macerich Company will post 1.55 EPS for the current year.

Macerich Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were paid a $0.17 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.68 annualized dividend and a dividend yield of 3.2%. Macerich’s dividend payout ratio is presently -88.31%.

Institutional Trading of Macerich

Several institutional investors have recently made changes to their positions in the company. State Street Corp grew its stake in shares of Macerich by 2.4% in the 2nd quarter. State Street Corp now owns 15,162,075 shares of the real estate investment trust’s stock worth $245,322,000 after acquiring an additional 351,907 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 worth $250,242,000 after acquiring an additional 2,034,338 shares in the last quarter. 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 worth $122,008,000 after acquiring an additional 70,132 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of Macerich by 149.6% in the 4th quarter. Centersquare Investment Management LLC now owns 6,354,661 shares of the real estate investment trust’s stock worth $117,307,000 after acquiring an additional 3,808,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Macerich by 2.5% in the 4th 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 acquiring an additional 123,769 shares in the last quarter. Institutional investors 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.