Keybanc Reiterates Buy Rating for The Macerich Company
Keybanc maintains its buy rating on The Macerich Company with a $27 price target, a 6.09% upside from the current price.
Key Points
- Keybanc reiterated its buy rating on The Macerich Company, setting a price target of $27.
- Keybanc's $27 price target implies 6.09% upside from The Macerich Company's ($MAC) current $25.45 share price.
- The Macerich Company, trading at $25.45, has a market cap of $7.21 billion and a forward P/E of 848.33.
- Recent insider buying includes several key figures acquiring shares on June 1, 2026, without a planned transaction.
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Keybanc has reiterated its buy rating for The Macerich Company (NYSE:MAC), maintaining a price target of $27. This update was issued by analyst Todd M. Thomas on June 10, 2026. Macerich shares recently traded at $25.45.
Other Institutional Activity in The Macerich Company
BlackRock, Inc. grew its holdings by 778,374 shares, ending with 46,259,103 shares valued at approximately $874.3 million. Vanguard Portfolio Management LLC added 25,565,859 shares, reaching a total of 25,565,859 shares valued at about $483.2 million. FMR LLC increased its stake by 4,296,410 shares, now holding 24,047,392 shares worth roughly $454.5 million. State Street Corp trimmed its position by 111,793 shares, holding 14,781,086 shares valued at $279.4 million. Smead Capital Management, Inc. reduced its stake by 1,808,473 shares, ending with 12,155,332 shares worth about $229.7 million.
The Macerich Company Stock Up 7.2%
Shares of NYSE:MAC traded near $25.45. The Macerich Company has a market cap of $7.21 billion, a forward P/E ratio of 848.33, and a beta of 2.086. The stock's 52-week range is between $15.48 and $25.59, with a 50-day moving average of $22.05 and a 200-day moving average of $19.18. The company's current ratio is 0.3, and its quick ratio is 0.233, with a debt-to-equity ratio of 198.97.
$MAC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
The Macerich Company reported revenue of $1.02 billion, although it experienced a revenue decline of 6.7%. The company has a net margin of -17.9% and a return on equity of -7.1%. The next earnings report is expected on May 6, 2026.
Dividend
The Macerich Company offers an annual dividend rate of $0.68, yielding 2.67%. The company's dividend payout ratio stands at 188.89%.
Insider Buying and Selling at The Macerich Company
On June 1, 2026, several insiders at The Macerich Company acquired shares, including Steve Hash, Devin Ignatius Murphy, Diana Laing, Daniel Hirsch, Enrique Hernandez Jr., and Marianne Lowenthal. Each purchased 6,720 shares, with Steve Hash buying 9,520 shares. These transactions were not part of a pre-planned trading program.
Analysts Set New Price Targets
On June 10, 2026, Keybanc maintained its buy rating with a $27 price target. Deutsche Bank upgraded the stock to a buy with the same target on June 2, 2026. Scotiabank and Mizuho also maintained buy ratings, with price targets of $24. Meanwhile, Goldman Sachs maintained a sell rating with a $19 target on May 15, 2026. The consensus among 16 analysts is a buy, with an average target price of $23.50.
About The Macerich Company
The Macerich Company is a leading real estate investment trust (REIT) focused on retail properties. Based in Santa Monica, California, Macerich owns and operates high-quality retail centers in key U.S. markets such as California, the Pacific Northwest, and the Metro New York to Washington, D.C. corridor. With 596 employees, the company emphasizes environmental goals and corporate governance under CEO Mr. Jackson Hsieh.
Bottom Line
Keybanc's reiteration of its buy rating for The Macerich Company with a $27 price target reflects continued confidence in the company's prospects. Investors often track these analyst updates for insights into market sentiment. It's important to remember that these ratings are based on past data and may not represent current conditions.
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