Macerich (NYSE:MAC) Shares Gap Up – Should You Buy?

Posted by Francis Steltz on Aug 31st, 2026

Macerich Company (The) (NYSE:MAC – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $23.75, but opened at $24.74. Macerich shares last traded at $23.4450, with a volume of 58,827 shares trading hands.

Wall Street Analyst Weigh In

MAC has been the subject of a number of research analyst reports. KeyCorp increased their target price on shares of Macerich from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Wall Street Zen raised shares of Macerich from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. LADENBURG THALM/SH SH increased their price objective on shares of Macerich from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Jefferies Financial Group raised shares of Macerich to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings raised shares of Macerich from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.88.

Check Out Our Latest Research Report on Macerich

Macerich Stock Down 1.5%

The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of -35.98, a price-to-earnings-growth ratio of 1.71 and a beta of 2.07. The firm has a 50-day moving average of $25.07 and a 200 day moving average of $22.43. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.67.

Macerich (NYSE:MAC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The firm had revenue of $249.71 million during the quarter, compared to analyst estimates of $239.77 million. Macerich had a negative net margin of 16.85% and a negative return on equity of 6.26%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. On average, sell-side analysts anticipate that Macerich Company will post 1.49 earnings per share for the current year.

Macerich Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.68 annualized dividend and a yield of 2.9%. Macerich’s payout ratio is -104.62%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Macerich in the second quarter valued at $1,378,836,000. State Street Corp boosted its stake in 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 valued at $245,322,000 after acquiring an additional 351,907 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 in the last quarter. California State Teachers Retirement System grew its holdings in Macerich by 2,352.6% during the 2nd quarter. California State Teachers Retirement System now owns 7,537,427 shares of the real estate investment trust’s stock worth $189,868,000 after acquiring an additional 7,230,107 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Macerich by 1.1% in the fourth 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 buying an additional 70,132 shares during the last quarter. Hedge funds and other institutional investors own 87.38% of the company’s stock.

About Macerich

(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.