Macerich (MAC) Stock Analysis & Forecast

Sep 28 close

$22.57−0.07 (−0.3%)

Gekko Brief

AI summary

This week's activity centers on a string of analyst upgrades. JPMorgan raised Macerich (MAC) to Overweight from Neutral with a $26 price target, citing a more positive outlook on the REIT. Evercore ISI separately upgraded the stock to Outperform from In Line, pointing to an improving balance sheet, accelerating funds from operations growth, and reduced leverage as the company's Path Forward plan progresses. These actions followed a broader batch of Monday upgrades across several names.

MAC closed at $22.57, down 0.3%, sitting between its 50-day average of $24.12 and 200-day average of $21.68. Over the past month the stock is down 5.6%, though it remains up 23.1% over six months and 34.7% over the past year. The GekkoIndex reads 65.8, placing MAC in the Accumulation zone, though the reading has slipped 4 points over the last five sessions. Gekko Fair Value stands at $22.70, putting the current price just 0.6% below that mark.

The next earnings report is scheduled for 3 November 2026, 35 days out, beyond a typical 20-trading-day holding window; the last report showed an EPS of $0.03 against an estimate of $0.00, with an 8.1% price reaction. Consensus among 10 firms shows 8 buy, 1 hold and 1 sell ratings, with a $27.07 target implying 19.9% upside. Seasonality over 5 years shows a 5.2% average 20-day return from this point, positive in 4 of those years. No insider, Congress, or unusual options activity appears in the current window.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Macerich price vs fair value

$22.70$22.57Sep ’25Mar ’26Sep ’26
Close $22.57200-day averageGekko Fair Value $22.70

Macerich quick facts

Market cap
$6.72B
P/E ratio
—
Forward P/E
1,428.6
EPS, TTM
−$0.66
Revenue, TTM
$1.03B
Profit margin
-16.5%
Dividend yield
3.00%
Beta
2.06
Volume
3.30M avg 3.57M
1-year return
+34.7%
Typical daily move
±1.9%
Typical 20-day move
±7.1%
50-day average
$24.12
200-day average
$21.68
Next earnings
Nov 3
Shares outstanding
283.6M
52-week range
$16.03$26.68

Macerich swing-trade checklist

Macerich scores 3 supportive, 2 mixed and 0 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive2 mixed0 headwinds

  • Trendmixed

    Averages disagree

    Close $22.57 sits between the 50-day ($24.12) and 200-day ($21.68) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    65.8, Accumulation

    Reading 65.8 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuemixed

    0.6% below

    Price is within 5% of Gekko Fair Value (0.6% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 35 days

    Next report Nov 3, 2026, 35 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +5.2% on average

    From this point in the calendar, the next 20 trading days averaged +5.2% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Macerich stock chart and price history

Macerich closed at $22.57 on Sep 28, 2026, +34.7% over the past year, inside a 52-week range of $16.03 to $26.68.

Close50-day average200-day averageVolume
Macerich share price, past year, with 50-day and 200-day moving averages and volume$16$18$20$24$26NovDecJan 2026FebMarAprMayJunJulAugSep22.57

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−5.6%
3 months
−12.3%
6 months
+23.1%
1 year
+34.7%
The full MAC chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open MAC in Gekko

Follow Macerich through every session

Put MAC on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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About Macerich

Macerich is a real estate investment trust that manages its own operations rather than outsourcing them, covering everything from buying and leasing properties to developing and updating them. Its work centers on regional shopping malls across the United States, and it currently holds stakes in 47 such retail complexes, totaling 51 million square feet of space. The company is particularly known for its concentration of properties in densely populated, high-demand markets.

The portfolio is weighted toward the West Coast, Arizona, Chicago, and the stretch of the country running from the New York metropolitan area down to Washington, D.C. Macerich has also built a record in environmental sustainability, having received the top GRESB score in the North American retail sector for five straight years, from 2015 through 2019.

Shares of Macerich trade under the ticker MAC.

Sector
Finance
Website
macerich.com

Macerich GekkoIndex: the smart money zone

Macerich’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 65.8, in the Accumulation zone, down 4 points over five sessions.

010065.8Accumulation

Down 4 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying35+0.3%−0.2%−4.1%−3.1%
Accumulation (current zone)155+0.1%+0.2%+1.9%+4.3%
Neutral402+0.5%+1.0%+1.8%+5.0%
Distribution33−0.4%−0.4%0.0%+8.5%
Selling0Not available

Average MAC share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the MAC price, zone by zone.Track MAC in Gekko

Is Macerich stock overvalued? Gekko Fair Value

Macerich trades 0.6% below Gekko Fair Value of $22.70, so the shares are about fair value on Gekko’s estimate.

Gekko’s own estimate of what Macerich shares are worth, recalculated every trading day.

$22.70

Gekko Fair Value, Sep 26, 2026

0.6% below fair value · About fair value

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open MAC in Gekko

Macerich insider and Congress trading

No open-market insider purchases were filed for Macerich, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for MAC in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every MAC insider filing, plotted on the chart in Gekko.Open MAC in Gekko

Congress trades last 90 days

No trades in MAC were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for MAC, plotted on the chart in Gekko.Open MAC in Gekko

Buybacks

Macerich has been buying back its own shares.

Bought back, quarter ended Dec 31, 2023
$184K
As a share of market cap
0.00%

From company filings.

Macerich earnings: next date and track record

Macerich reports on Nov 3, 2026 (35 days away), and beat the EPS estimate in 3 of its last 8 reports.

3 of 8reports beat the EPS estimate
±5.3%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

−15.9%Apr ’24−7.3%Jul ’24+1.9%Nov ’24+1.8%Feb ’25−1.0%Apr ’25+4.4%Aug ’25+1.9%Nov ’25−8.1%Feb ’26

Last earnings call, Feb 11, 2026 AI summary

What they said
MAC delivered record-breaking leasing performance in 2025, signing 7.1 million square feet of leases (85% increase over 2024) and achieving 76% completion on their 5-year plan revenue targets. All 30 targeted anchor replacements totaling 2.9 million square feet are now committed, expected to generate $750 million in annual tenant sales. The company completed $1.3 billion in dispositions toward their $2 billion goal and successfully acquired and began renovating Crabtree mall.
Guidance
Signed-not-open pipeline of $107 million will contribute incrementally: $30 million in 2026, $40-45 million in 2027, and $45-50 million in 2028. Management expects to reach 85% leasing completion by mid-2026 and substantially complete new leasing objectives by year-end 2026.
ReportedEPSSurpriseRevenueSurpriseMove
Feb 11, 2026$0.03
est $0.00
+525.5%$261.7M
est $258.9M
+1.1%−8.1%
Nov 4, 2025$0.35
est $0.36
−2.8%$253.3M
est $260.5M
−2.8%+1.9%
Aug 11, 2025$0.32
est $0.34
−5.9%$249.8M
est $245.7M
+1.6%+4.4%
Apr 28, 2025−$0.14
est −$0.10
−37.0%$249.2M
est $199.7M
+24.8%−1.0%
Feb 5, 2025$0.03
est $0.03
+4.7%——+1.8%
Nov 6, 2024−$0.50
est −$0.05
−900.0%$220.2M
est $213.6M
+3.1%+1.9%
Jul 31, 2024$1.16
est −$0.06
+2,033.3%$215.5M
est $205.0M
+5.1%−7.3%
Apr 30, 2024−$0.59
est −$0.09
−555.6%$208.8M
est $205.1M
+1.8%−15.9%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Macerich stock forecast and analyst price targets

Analysts’ average 12-month price target for Macerich is $27.07, +19.9% from the last close, from 10 firms rating the stock in the last 90 days.

$27.07consensus 12-month target, +19.9% from the last close
Low $21High $30
Buy8
Hold1
Sell1

Each firm’s latest rating in the last 90 days: 10 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 24J.P. MorganBuy, upgraded$26+15.2%
Sep 21Evercore ISIBuy, upgraded$26+15.2%
Sep 21Evercore ISIBuy, upgraded$26+15.2%
Sep 14Goldman SachsSell, maintained$21−7.0%
Sep 1Goldman SachsSell, maintained$21−7.0%
+1.9%average 20-day move after past Accumulation readings
+5.2%average move over the next 20 trading days in the last 5 years
±1.9%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Macerich seasonality: the next 20 trading days

Over the next 20 trading days from Sep 26, Macerich averaged +5.2% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

+2.7%2021+23.5%2022−5.4%2023+5.6%2024+0.7%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−0.4%3 of 5
Next 10 trading days+0.1%2 of 5
Next 15 trading days+5.8%4 of 5
Next 20 trading days+5.2%4 of 5
Next 30 trading days+16.5%4 of 5

For scale, MAC’s typical 20-trading-day move in either direction is about 7.1%.

Macerich market cap and key statistics

Macerich’s market cap is $6.72B and revenue of $1.03B over the last twelve months.

Valuation

Market cap
$6.72B
Forward P/E
1,428.6
EPS, TTM
−$0.66
Gekko Fair Value
$22.70

Trading

Volume
3.30M
Avg volume, 20 days
3.57M
52-week high
$26.68
52-week low
$16.03
Shares outstanding
283.6M

Financials

Revenue, TTM
$1.03B
Profit margin
-16.5%
Return on equity
-6.2%
Quarterly earnings growth, YoY
+3,971.0%

Risk and income

Beta
2.06
Typical daily move
±1.9%
Typical 20-day move
±7.1%
Dividend yield
3.00%

Macerich stock news this week

Coverage of Macerich this week reads positive: 3 positive, 2 neutral and 0 negative headlines.

News sentiment positive

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Macerich stock FAQ

What is Macerich’s market cap?

Macerich’s market cap is $6.72B at the Sep 28, 2026 close of $22.57, with 283.6M shares outstanding.

What is the Macerich stock forecast?

The consensus analyst 12-month price target for Macerich is $27.07, +19.9% from the last close. Of the 10 firms that rated the stock in the last 90 days, 8 rate it a buy, 1 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.

Is Macerich stock overvalued or undervalued?

On Gekko’s estimate Macerich is about fair value: the Sep 28, 2026 close of $22.57 is 0.6% below Gekko Fair Value of $22.70. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Macerich report earnings next?

Macerich is expected to report on Nov 3, 2026 (35 days away). Analysts expect earnings of −$0.01 per share on revenue of $251.6M. Macerich beat the earnings estimate in 3 of its last 8 reports, moving 5.3% on average across the report.

What is Macerich’s 52-week high and low?

Macerich’s 52-week high is $26.68 and its 52-week low is $16.03; it closed at $22.57 on Sep 28, 2026, +34.7% over the past year.

Is Macerich stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, earnings risk and seasonality), 2 as mixed (trend and fair value). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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