Macerich (NYSE:MAC) Upgraded to Strong-Buy at KeyCorp

Macerich (NYSE:MAC) was upgraded by analysts at KeyCorp from a “hold” rating to a “strong-buy” rating in a research report issued on Sunday,Zacks.com reports. 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 research analysts have also recently issued research reports about the company. Truist Financial boosted their price objective on Macerich from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Scotiabank boosted their target price on shares of Macerich from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Macerich in a research report on Thursday, January 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $21.00 price objective on shares of Macerich in a research note on Monday, December 15th. Finally, Mizuho set a $21.00 target price on shares of Macerich in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Macerich currently has a consensus rating of “Hold” and a consensus price target of $20.20.

Macerich Stock Performance

Shares of MAC stock opened at $20.27 on Friday. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of -26.33, a price-to-earnings-growth ratio of 4.51 and a beta of 2.16. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.03 and a current ratio of 1.02. The company has a 50 day moving average price of $18.71 and a 200 day moving average price of $17.97. Macerich has a one year low of $12.48 and a one year high of $20.85.

Macerich (NYSE:MAC) last issued its earnings results on Wednesday, February 18th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.50). The firm had revenue of $261.70 million during the quarter, compared to analyst estimates of $260.48 million. Macerich had a negative net margin of 19.44% and a negative return on equity of 7.32%. Macerich’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. Sell-side analysts anticipate that Macerich will post 1.55 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MAC. HighTower Advisors LLC raised its stake in shares of Macerich by 1.2% during the fourth quarter. HighTower Advisors LLC now owns 46,116 shares of the real estate investment trust’s stock valued at $851,000 after purchasing an additional 530 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Macerich by 76.8% during 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. PNC Financial Services Group Inc. raised its position in shares of Macerich by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 24,659 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 622 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Macerich by 1.7% in the 3rd quarter. Bessemer Group Inc. now owns 37,217 shares of the real estate investment trust’s stock worth $678,000 after acquiring an additional 627 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of Macerich by 5.5% in the fourth quarter. Osaic Holdings Inc. now owns 12,116 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 637 shares in the last quarter. Institutional investors own 87.38% of the company’s stock.

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.