Keybanc Rates The Macerich (MAC) buy, $27 Price Target
The real estate investment trust sees steady backing from analysts with price targets clustering near recent highs, a 6.09% upside from the current price.
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Keybanc rated The Macerich Company ($MAC) "buy" with a $27 price target on June 10, 2026.
Since the rating, $MAC is down 5.2% after 1 week, up 1.8% after 1 month and down 4.6% to date (from the $24.07 close on Jun 10, 2026).
MAC
The Macerich Company
Key Points
- Keybanc analyst Todd M. Thomas reiterated a buy rating on The Macerich Company on June 10, 2026, with a price target of $27.00.
- Keybanc's $27 price target implies 6.09% upside from The Macerich Company's ($MAC) current $25.45 share price.
- Several other major firms upgraded or maintained positive ratings on Macerich through the summer and fall of 2026, with targets ranging from $25.00 to $30.00.
- Macerich shares recently traded at $25.45, sitting comfortably above its 50-day and 200-day moving averages as it approaches its next earnings date.
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Keybanc reiterated its buy rating on The Macerich Company (NYSE: MAC) on June 10, 2026. Analyst Todd M. Thomas set a price target of $27.00 for the retail-focused real estate investment trust, signaling confidence in the company's regional mall portfolio.
How Keybanc's View Compares to Wall Street
Keybanc's $27.00 price target aligns closely with the broader consensus on Wall Street. Over the summer and fall of 2026, several other major research firms updated their views on the stock, showing a general trend toward optimism. On October 12, 2026, Piper Sandler maintained its Overweight rating on the stock but lowered its target from $30.00 to $26.00. This followed an upgrade by JP Morgan on September 24, 2026, which lifted Macerich to an Overweight rating with a $26.00 target.
Other analysts have also boosted their outlooks. On September 21, 2026, Evercore ISI Group upgraded Macerich to Outperform, keeping its price target at $26.00. Earlier, on August 27, 2026, Piper Sandler upgraded the stock to Overweight and raised its target to $30.00. Citigroup also maintained a Buy rating on August 11, 2026, bumping its target to $29.00. Currently, 15 analysts follow the stock, giving it a consensus recommendation of buy and a mean price target of $27.07.
Macerich Stock Performance
Macerich shares traded at $25.45 on Saturday, positioned near the upper end of its 52-week range of $16.03 to $26.68. The stock has shown steady upward momentum, trading above both its 50-day moving average of $24.38 and its 200-day moving average of $21.56. This positive price action reflects the market's growing confidence in high-quality retail real estate.
$MAC price target
The Macerich Company daily closes and this analyst's $27 target. Not advice.
Recent Earnings
Macerich reported annual revenue of $1.03 billion, showing modest revenue growth of 1.2%. The company is currently unprofitable, posting an earnings per share of -$0.66, which means it does not have a meaningful trailing price-to-earnings ratio. However, its forward P/E ratio stands at 483.82. Investors are looking ahead to the company's next earnings report, scheduled for November 3, 2026.
Dividend Payments
Macerich continues to pay a regular dividend to its shareholders. The company offers an annual dividend rate of $0.68 per share, which translates to a dividend yield of 3.0%. Its current dividend payout ratio is 1.8889.
Focus on Prime Retail Space
Macerich is a self-managed real estate investment trust that owns, operates, and develops shopping centers in major U.S. metropolitan areas. The company's portfolio of 38 retail centers is heavily concentrated in high-density markets, including California, the Pacific Northwest, Phoenix, and the corridor stretching from New York to Washington, D.C. This focus on premier shopping locations has helped the company maintain high tenant demand despite broader retail industry shifts.
What to Watch at The Macerich Company
Investors will want to monitor whether Macerich can turn its positive revenue growth into profitability in the coming quarters. The upcoming earnings release in November will provide critical updates on leasing activity, occupancy rates, and overall cash flow. Analysts will also watch if other firms adjust their price targets to match the $27.00 level championed by Keybanc.
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Source: Keybanc's rating change on $MAC (Jun 10, 2026). Written by software, not financial advice. How we make alerts