Truist Securities Reaffirms Buy Rating on The Macerich Company
Truist Securities maintains its Buy rating for The Macerich Company, setting a $26 price target, a 0.66% upside from the current price.
Key Points
- Truist Securities reiterated its Buy rating on The Macerich Company with a $26 price target on June 24, 2026.
- Truist Securities's $26 price target implies 0.66% upside from The Macerich Company's ($MAC) current $25.83 share price.
- Shares of NYSE:MAC traded at $24.39 on Wednesday, with a market cap of approximately $7.15 billion and a forward P/E of 313.6.
- Insiders and institutions have shown activity, with notable insider purchases and institutional adjustments in holdings.
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Truist Securities reiterated its Buy rating on The Macerich Company (NYSE:MAC) on June 24, 2026. The firm set a price target of $26 for the retail real estate investment trust. On Wednesday, shares of Macerich were trading around $24.39.
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Analysts Set New Price Targets
On June 24, 2026, Truist Securities maintained its Buy rating for The Macerich Company, setting a price target of $26. Citigroup also upgraded its rating to Buy with a target of $28. Earlier in June, Scotiabank and Keybanc reiterated Buy ratings with targets of $27, while Ladenburg Thalmann set a target of $30. Morgan Stanley maintained a Hold rating with a $25 target.
Other Institutional Activity in The Macerich Company
BlackRock, Inc. increased its holdings by 778,374 shares, bringing its total to 46,259,103 shares valued at about $874.3 million, reflecting a 1.7% increase. Vanguard Portfolio Management LLC opened a new position with 25,565,859 shares valued at approximately $483.2 million. FMR LLC expanded its holdings by 4,296,410 shares to a total of 24,047,392 shares worth about $454.5 million, a 21.8% increase. Meanwhile, State Street Corp slightly reduced its stake by 111,793 shares to a total of 14,781,086 shares, valued at $279.4 million. Smead Capital Management, Inc. cut its position by 1,808,473 shares to 12,155,332 shares, a 13.0% decrease.
The Macerich Company Stock Up 8.8%
Shares of The Macerich Company were trading near $24.39 on Wednesday. The company has a market capitalization of approximately $7.15 billion and a forward P/E ratio of 313.6, indicating high expectations for future earnings. Its beta is 2.086, suggesting the stock is more volatile than the broader market. Over the past year, the stock has ranged from a low of $15.48 to a high of $25.72. The 50-day moving average is $22.37, and the 200-day moving average is $19.29. The company has a current ratio of 0.3 and a quick ratio of 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 approximately $1.02 billion with a negative revenue growth of 6.7%. The net margin was negative at 17.9%, and return on equity was also negative at 7.1%. The company is not currently profitable, thus it has no meaningful P/E ratio. The next earnings report is expected on August 10, 2026.
Dividend
The Macerich Company pays an annual dividend rate of $0.68, which yields 2.88%. The dividend payout ratio stands at 188.89%, indicating the dividend is not fully covered by earnings.
Insider Buying and Selling at The Macerich Company
On June 1, 2026, several insiders, including Steve Hash and Devin Ignatius Murphy, purchased shares of The Macerich Company. Each insider bought 6,720 shares, with Steve Hash acquiring 9,520 shares. These purchases were not part of pre-arranged trading plans.
About The Macerich Company
The Macerich Company is a real estate investment trust (REIT) focusing on high-quality retail properties in densely populated U.S. markets. Headquartered in Santa Monica, California, Macerich develops and manages properties in areas like California, the Pacific Northwest, and the Metro New York to Washington, D.C. corridor. The company owns about 41 million square feet of real estate, primarily in retail centers, and employs 596 people. Mr. Jackson Hsieh serves as the CEO.
Bottom Line
Truist Securities' reiteration of its Buy rating reflects confidence in The Macerich Company's prospects. With a volatile stock and a challenging earnings environment, investors watch these analyst ratings closely. Remember that 13F filings and analyst ratings are backward-looking and may not represent current positions or future performance.
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