JP Morgan Upgrades The Macerich Company to 'Hold'

JP Morgan has upgraded its rating on The Macerich Company (NYSE:MAC) to 'hold' with a price target of $25. This update was made by analyst Michael Mueller on June 17, 2026. The Macerich Company, which trades at $23.75, has a market capitalization of about $6.73 billion.

The Macerich Company Stock Up 2.7%

Shares of NYSE:MAC are currently trading near $23.75. The Macerich Company has a market cap of approximately $6.73 billion, with a forward P/E ratio of 791.67. The stock's beta is 2.086, indicating higher volatility compared to the market. Its 52-week trading range is between $15.48 and $25.72, and it has a 50-day moving average of $22.24 and a 200-day moving average of $19.24.

Recent Earnings

The Macerich Company reported revenue of $1.02 billion, though it experienced a revenue decline of 6.7%. The company is not currently profitable, with a net margin of -17.9% and a return on equity of -7.1%. The next earnings announcement is expected on August 10, 2026.

Dividend

The Macerich Company offers an annual dividend rate of $0.68, yielding 2.86% at current prices. The payout ratio stands at 188.89%, indicating that the company is paying out more in dividends than it earns in profits.

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 acquired 6,720 shares, although the transaction prices weren't disclosed. This buying activity wasn't part of any pre-planned trading program.

Analysts Set New Price Targets

JP Morgan's recent upgrade to 'hold' came with a $25 price target. On June 16, Ladenburg Thalmann maintained its 'buy' rating with a $30 target, and Keybanc also kept a 'buy' rating with a $27 target on June 10. The consensus among 16 analysts is a 'buy' rating, with an average target price of $23.50.

About The Macerich Company

The Macerich Company is a real estate investment trust (REIT) focused on high-quality retail properties in the U.S. The company owns and operates retail centers in densely populated areas, especially in California, the Pacific Northwest, Phoenix/Scottsdale, and the East Coast corridor from New York to Washington, D.C. Headquartered in Santa Monica, California, The Macerich Company is led by CEO Mr. Jackson Hsieh and employs around 596 people.

Bottom Line

JP Morgan's upgrade of The Macerich Company to 'hold' reflects a cautious optimism about the company's prospects. While the stock is trading below the new price target, investors should note that 13F filings and analyst ratings are backward-looking. As always, it's important to consider the broader market context and the company's fundamentals when evaluating its stock.