JP Morgan Rates The Macerich (MAC) hold, $25 Price Target
Analyst Michael Mueller adjusts coverage on retail real estate investment trust The Macerich Company with a new price target, a 3.99% upside from the current price.
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JP Morgan rated The Macerich Company ($MAC) "hold" with a $25 price target on June 17, 2026.
Since the rating, $MAC is up 10.5% after 1 week, up 12.7% after 1 month and up 0.6% to date (from the $22.83 close on Jun 17, 2026).
MAC
The Macerich Company
Key Points
- JP Morgan analyst Michael Mueller raised his view on The Macerich Company NYSE MAC on June 17, 2026, setting a $25.00 price target.
- JP Morgan's $25 price target implies 3.99% upside from The Macerich Company's ($MAC) current $24.04 share price.
- The retail real estate investment trust trades near $24.04, positioned below its 52-week high of $26.68 and above its 52-week low of $16.03.
- Wall Street maintains a consensus buy recommendation on the company across 15 analyst opinions with a mean price target of $27.07.
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JP Morgan Adjusts Rating on The Macerich Company Stock
JP Morgan analyst Michael Mueller updated his view on The Macerich Company NYSE MAC on June 17, 2026, setting a price target of $25.00. The adjustment places the target just above the spot price of $24.04, reflecting a close alignment between the analyst's valuation and the current market level.
$MAC price target
The Macerich Company daily closes and this analyst's $25 target. Not advice.
Stock Valuation and Price Range
The retail real estate investment trust trades in a 52-week range between $16.03 and $26.68. Shares sit near its 50-day moving average of $24.38 and above its 200-day moving average of $21.55. With a market capitalization near $6.40 billion, the equity carries a forward P/E ratio of 483.82, reflecting compressed forward earnings estimates for the period.
Analysts Set New Price Targets
Analyst updates across the sector show steady coverage for the real estate investment trust. On October 12, 2026, Piper Sandler maintained an Overweight rating with a $26.00 price target. Earlier in the autumn, JP Morgan upgraded the stock to Overweight with a $26.00 target on September 24, 2026, while Evercore ISI Group moved its rating to Outperform at a $26.00 target on September 21, 2026. Piper Sandler previously adjusted its target to $30.00 on August 27, 2026. Across 15 analyst opinions, the stock holds a consensus buy recommendation with a mean target price of $27.07, alongside a high target of $30.00 and a low of $21.00.
Earnings and Financial Position
The company reported total revenue of $1.03 billion with a revenue growth rate of 1.2%. Profitability metrics show a net margin of -16.50% and a return on equity of -6.18%, accompanied by basic earnings per share of -$0.66. The firm offers a dividend rate of $0.68 per share, yielding 3.0% with a payout ratio of 1.89.
About The Macerich Company
The Macerich Company is a self-administered real estate investment trust that owns, operates, and develops retail centers in dense U.S. markets such as California, the Pacific Northwest, Phoenix, and the Washington, D.C. corridor. The company manages roughly 40 million square feet of gross leasable area across its retail portfolio.
What to Watch at The Macerich Company
Investors will follow upcoming financial results when the company releases its next earnings report scheduled for November 3, 2026. Market participants will continue to monitor how shares trade relative to the $25.00 price target established by JP Morgan.
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Source: JP Morgan's rating change on $MAC (Jun 17, 2026). Written by software, not financial advice. How we make alerts