Macerich (NYSE:MAC) Sets New 1-Year High – Should You Buy?

Posted by Stanley Muller on Jul 27th, 2026

Shares of Macerich Company (The) (NYSE:MAC – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.39 and last traded at $26.20, with a volume of 67568 shares traded. The stock had previously closed at $25.83.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MAC shares. Piper Sandler lifted their price objective on shares of Macerich from $21.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft raised Macerich from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $27.00 in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Macerich from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. KeyCorp upped their price objective on Macerich from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley raised their target price on shares of Macerich from $20.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.33.

View Our Latest Stock Analysis on MAC

Macerich Stock Performance

The company has a market cap of $7.48 billion, a price-to-earnings ratio of -37.14, a P/E/G ratio of 1.82 and a beta of 2.06. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.83 and a current ratio of 0.83. The company has a fifty day moving average of $24.21 and a two-hundred day moving average of $21.32.

Macerich (NYSE:MAC – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Macerich had a negative return on equity of 6.95% and a negative net margin of 18.22%.The company had revenue of $241.54 million during the quarter, compared to the consensus estimate of $233.06 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. Equities research analysts anticipate that Macerich Company will post 1.49 EPS for the current year.

Macerich Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.68 annualized dividend and a dividend yield of 2.6%. Macerich’s dividend payout ratio is presently -95.77%.

Hedge Funds Weigh In On Macerich

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Triad Investment Management acquired a new position in Macerich in the fourth quarter valued at approximately $3,820,000. Centersquare Investment Management LLC lifted its stake in shares of Macerich by 149.6% in the fourth quarter. Centersquare Investment Management LLC now owns 6,354,661 shares of the real estate investment trust’s stock valued at $117,307,000 after buying an additional 3,808,336 shares in the last quarter. Norges Bank acquired a new position in Macerich during the 4th quarter valued at about $66,924,000. M&T Bank Corp purchased a new position in shares of Macerich during the fourth quarter valued at approximately $557,000. Finally, Legal & General Group Plc grew its stake in shares of Macerich by 9.8% in the 4th quarter. Legal & General Group Plc now owns 1,795,267 shares of the real estate investment trust’s stock worth $33,141,000 after acquiring an additional 160,748 shares in the last quarter. Institutional investors and hedge funds own 87.38% of the company’s stock.

Macerich Company Profile

(Get Free Report)

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.