Aew Capital Management L P Decreases Position in Macerich Company (The) $MAC

Aew Capital Management L P trimmed its holdings in Macerich Company (The) (NYSE:MAC) by 67.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 526,746 shares of the real estate investment trust’s stock after selling 1,087,970 shares during the quarter. Macerich comprises approximately 0.5% of Aew Capital Management L P’s portfolio, making the stock its 22nd biggest position. Aew Capital Management L P owned approximately 0.21% of Macerich worth $9,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAC. State Street Corp lifted its position in shares of Macerich by 2.4% during 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 buying an additional 351,907 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Macerich by 73.2% in the third quarter. JPMorgan Chase & Co. now owns 11,521,554 shares of the real estate investment trust’s stock valued at $209,692,000 after acquiring an additional 4,868,844 shares during the last quarter. Geode Capital Management LLC boosted its stake in Macerich by 2.3% in the second quarter. Geode Capital Management LLC now owns 6,498,679 shares of the real estate investment trust’s stock valued at $105,160,000 after acquiring an additional 145,906 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Macerich by 13.4% during the second quarter. Ameriprise Financial Inc. now owns 3,894,230 shares of the real estate investment trust’s stock worth $63,014,000 after purchasing an additional 461,351 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Macerich during the second quarter worth about $51,475,000. 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” 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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. KeyCorp set a $25.00 target price on 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 report on Thursday, January 22nd. Mizuho set a $21.00 price target on shares of Macerich in a research report on Friday, January 9th. Jefferies Financial Group reiterated a “buy” rating and set a $21.00 price target on shares of Macerich in a research note on Monday, December 15th. Finally, Scotiabank lifted 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. Six 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.com, Macerich currently has an average rating of “Hold” and a consensus price target of $20.20.

Macerich Price Performance

Shares of NYSE MAC opened at $20.19 on Wednesday. The stock has a fifty day moving average price of $18.75 and a 200 day moving average price of $17.99. Macerich Company 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. The company has a market cap of $5.18 billion, a PE ratio of -26.22, a P/E/G ratio of 4.48 and a beta of 2.16.

Macerich (NYSE:MAC) last announced 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 firm had revenue of $261.70 million for the quarter, compared to analysts’ expectations 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 quarterly 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. Sell-side analysts forecast that Macerich Company will post 1.55 EPS for the current year.

Macerich Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, March 16th. This represents a $0.68 annualized dividend and a yield of 3.4%. Macerich’s payout ratio is presently -88.31%.

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.