Triad Investment Management Acquires 206,916 Shares of Macerich for $3.82 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Should l Buy MAC?
Source: Fool
- New Investment Position: Triad Investment Management initiated a new stake in Macerich by acquiring 206,916 shares valued at approximately $3.82 million during the latest quarter, indicating confidence in the company's fundamentals despite prevailing market skepticism.
- Asset Allocation Insight: The new position represents 3.87% of Triad's reportable assets under management, highlighting the firm's strategic emphasis on Macerich within its diversified portfolio, potentially setting the stage for future growth.
- Market Performance Review: As of Thursday, Macerich shares were priced at $18.32, down 2.8% over the past year and underperforming the S&P 500 by 19.53 percentage points, reflecting the challenges faced by retail REITs in a high-interest-rate environment.
- Financial Health Overview: Despite reporting a net loss of $87.4 million in the third quarter, an improvement from a loss of $108.2 million a year earlier, Macerich's management remains focused on asset quality and financial discipline, which helps sustain operational performance amid broader market pressures.
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Analyst Views on MAC
Wall Street analysts forecast MAC stock price to fall
10 Analyst Rating
5 Buy
4 Hold
1 Sell
Moderate Buy
Current: 21.870
Low
18.00
Averages
19.80
High
23.00
Current: 21.870
Low
18.00
Averages
19.80
High
23.00
About MAC
The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT). The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P. (the Operating Partnership). As an owner, operator, and developer of retail real estate in United States markets, the Company’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. The Company is developing and managing properties that serve as community cornerstones. It owns interests in approximately 39 retail centers. Its properties include Arrowhead Towne Center, Danbury Fair, Desert Sky Mall, Eastland Mall, Fashion District Philadelphia, Fashion Outlets of Chicago, The Village at Corte Madera, Washington Square, Vintage Faire Mall, Broadway Plaza, Superstition Springs Center, Crabtree, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Macerich Stock Rating Changes Analysis
- Rating Upgrade: KeyBanc upgraded Macerich from Sector Weight to Overweight with a $25 target, citing progress on the multi-year Path Forward Plan, including asset sales and deleveraging, which reflects confidence in the company's future growth prospects.
- Cautious Optimism: Scotiabank upgraded Macerich to Outperform, highlighting meaningful catalysts, suggesting that the execution of current initiatives may matter more to analysts than short-term noise, indicating a potential shift in sentiment.
- Target Price Adjustments: Citi raised its target from $19 to $21 while maintaining a Neutral rating, indicating that the firm sees valuation upside even without a bullish stance, reflecting market recognition of the stock's potential.
- Risk Warning: Goldman Sachs increased its target from $15 to $17 but kept a Sell rating, suggesting that some analysts remain skeptical about whether current efforts fully address balance sheet and growth risks, highlighting uncertainty surrounding Macerich's future.
See More
Macerich Company Q1 2026 Earnings Call Insights
- Financial Performance: The Macerich Company's adjusted FFO for Q1 2026 was $0.34 per share, totaling approximately $92 million, indicating ongoing progress in executing the Path Forward plan despite market challenges.
- Sales Growth: The sales per square foot for the go-forward portfolio increased to $941, reflecting an improvement in the retail environment and rising customer demand, which is expected to drive future revenue growth.
- Acquisition Dynamics: Macerich closed a $260 million mall acquisition along with a $12 million vacant parcel, which is projected to add approximately $0.04 to the 2028 target FFO, enhancing the company's asset portfolio and market competitiveness.
- Future Outlook: Management anticipates at least 3% NOI growth for the go-forward portfolio in 2026 and plans to provide updates on Path Forward 3.0 at the NAREIT conference in June, demonstrating confidence in future performance.
See More
Macerich to Announce Q1 Earnings on May 6th with Mixed Estimates
- Earnings Announcement: Macerich (MAC) is set to release its Q1 earnings on May 6th after market close, with a consensus EPS estimate of $0.31, reflecting a 6.1% year-over-year decline, indicating potential profitability challenges for the company.
- Revenue Decline: The expected revenue for Q1 is $229.13 million, down 8.1% year-over-year, highlighting sales challenges in the current economic environment that could impact future cash flow and investment capabilities.
- Estimate Revision Trends: Over the past three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have not seen any upward revisions and have experienced four downward adjustments, suggesting a cautious outlook from analysts regarding the company's prospects.
- Leasing Target Progress: Macerich aims for 85% leasing completion by mid-2026 as part of its Path-Forward plan, indicating that despite market challenges, the company is focused on improving asset utilization to enhance financial stability.
See More
Macerich Schedules Q1 2026 Earnings Release and Call
- Earnings Release Schedule: Macerich will release its Q1 2026 earnings after market close on May 6, 2026, with management hosting a conference call at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss quarterly results, ensuring timely access to critical information for investors.
- Conference Call Access: Investors can join the call by dialing the U.S. toll-free number +1 833-630-1956 or the international number +1 412-317-1837, enhancing interaction with management and improving transparency.
- Webcast and Replay: The conference will be available via live webcast, and a replay will be accessible in the Investors Section of the company's website, ensuring that investors who cannot attend live can still obtain important information, thereby increasing information accessibility.
- Company Overview: Macerich is a self-managed real estate investment trust (REIT) focused on owning, operating, and developing high-quality retail real estate, currently owning 39 million square feet of property primarily in densely populated U.S. markets, showcasing its leadership position in the industry.
See More
MACERICH CO: SCOTIABANK UPGRADES TO SECTOR OUTPERFORM AND INCREASES TARGET PRICE TO $22 FROM $19
Bank Performance: Scotia Bank has reported an increase in sector performance, indicating a positive trend in its financial results.
Target Price Adjustment: The bank has raised its target price to $22, up from a previous price of $19, reflecting confidence in its future performance.
See More
Macerich (MAC) Q4 2025 Earnings Call Transcript
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Macerich Stock Rating Changes Analysis
- Rating Upgrade: KeyBanc upgraded Macerich from Sector Weight to Overweight with a $25 target, citing progress on the multi-year Path Forward Plan, including asset sales and deleveraging, which reflects confidence in the company's future growth prospects.
- Cautious Optimism: Scotiabank upgraded Macerich to Outperform, highlighting meaningful catalysts, suggesting that the execution of current initiatives may matter more to analysts than short-term noise, indicating a potential shift in sentiment.
- Target Price Adjustments: Citi raised its target from $19 to $21 while maintaining a Neutral rating, indicating that the firm sees valuation upside even without a bullish stance, reflecting market recognition of the stock's potential.
- Risk Warning: Goldman Sachs increased its target from $15 to $17 but kept a Sell rating, suggesting that some analysts remain skeptical about whether current efforts fully address balance sheet and growth risks, highlighting uncertainty surrounding Macerich's future.
See More
Macerich Company Q1 2026 Earnings Call Insights
- Financial Performance: The Macerich Company's adjusted FFO for Q1 2026 was $0.34 per share, totaling approximately $92 million, indicating ongoing progress in executing the Path Forward plan despite market challenges.
- Sales Growth: The sales per square foot for the go-forward portfolio increased to $941, reflecting an improvement in the retail environment and rising customer demand, which is expected to drive future revenue growth.
- Acquisition Dynamics: Macerich closed a $260 million mall acquisition along with a $12 million vacant parcel, which is projected to add approximately $0.04 to the 2028 target FFO, enhancing the company's asset portfolio and market competitiveness.
- Future Outlook: Management anticipates at least 3% NOI growth for the go-forward portfolio in 2026 and plans to provide updates on Path Forward 3.0 at the NAREIT conference in June, demonstrating confidence in future performance.
See More
Macerich to Announce Q1 Earnings on May 6th with Mixed Estimates
- Earnings Announcement: Macerich (MAC) is set to release its Q1 earnings on May 6th after market close, with a consensus EPS estimate of $0.31, reflecting a 6.1% year-over-year decline, indicating potential profitability challenges for the company.
- Revenue Decline: The expected revenue for Q1 is $229.13 million, down 8.1% year-over-year, highlighting sales challenges in the current economic environment that could impact future cash flow and investment capabilities.
- Estimate Revision Trends: Over the past three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have not seen any upward revisions and have experienced four downward adjustments, suggesting a cautious outlook from analysts regarding the company's prospects.
- Leasing Target Progress: Macerich aims for 85% leasing completion by mid-2026 as part of its Path-Forward plan, indicating that despite market challenges, the company is focused on improving asset utilization to enhance financial stability.
See More
Macerich Schedules Q1 2026 Earnings Release and Call
- Earnings Release Schedule: Macerich will release its Q1 2026 earnings after market close on May 6, 2026, with management hosting a conference call at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss quarterly results, ensuring timely access to critical information for investors.
- Conference Call Access: Investors can join the call by dialing the U.S. toll-free number +1 833-630-1956 or the international number +1 412-317-1837, enhancing interaction with management and improving transparency.
- Webcast and Replay: The conference will be available via live webcast, and a replay will be accessible in the Investors Section of the company's website, ensuring that investors who cannot attend live can still obtain important information, thereby increasing information accessibility.
- Company Overview: Macerich is a self-managed real estate investment trust (REIT) focused on owning, operating, and developing high-quality retail real estate, currently owning 39 million square feet of property primarily in densely populated U.S. markets, showcasing its leadership position in the industry.
See More
MACERICH CO: SCOTIABANK UPGRADES TO SECTOR OUTPERFORM AND INCREASES TARGET PRICE TO $22 FROM $19
Bank Performance: Scotia Bank has reported an increase in sector performance, indicating a positive trend in its financial results.
Target Price Adjustment: The bank has raised its target price to $22, up from a previous price of $19, reflecting confidence in its future performance.
See More
Macerich (MAC) Q4 2025 Earnings Call Transcript
See More
