Scotiabank Upgrades Macerich to Sector Perform, Announces $22 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
0mins
Should l Buy MAC?
Source: Newsfilter
- Analyst Upgrade: Scotiabank analyst Nicholas Yulico has upgraded Macerich from Sector Underperform to Sector Perform.
- Price Target Announcement: Along with the upgrade, a price target of $22 for Macerich has been announced.
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Analyst Views on MAC
Wall Street analysts forecast MAC stock price to rise
10 Analyst Rating
5 Buy
4 Hold
1 Sell
Moderate Buy
Current: 18.900
Low
18.00
Averages
19.80
High
23.00
Current: 18.900
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 38 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 Schedules Q1 2026 Earnings Release and Call
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- 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.
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- 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.
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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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Wall Street Analysts Adjust Ratings on Key Stocks
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several stocks, including upgrades, downgrades, and initiations, reflecting the latest market perspectives on these companies.
- Market Dynamics: While specific stock names are not disclosed, changes in analyst ratings typically influence investor decisions, potentially leading to price fluctuations in the affected stocks.
- Investor Focus: For those considering buying HSIC stock, analysts' opinions will serve as a crucial reference point, potentially impacting their investment strategies and confidence.
- Source of Information: This rating change information is provided by Benzinga, highlighting the importance of market information transparency in aiding investors to make more informed decisions.
See More
Latest Rating Changes on Wall Street
- Nvidia Rating Reaffirmed: JPMorgan reiterates its overweight rating on Nvidia, anticipating a beat in the upcoming earnings report, as the stock has remained stable since last quarter despite high market expectations for its performance.
- BlackRock Upgrade: UBS upgrades BlackRock from neutral to buy, citing strong management fee growth prospects bolstered by solid fourth-quarter results and positive commentary from the CFO, indicating a robust outlook for the company.
- Apple Outperformance: Evercore ISI maintains an outperform rating on Apple, highlighting that as demand for data center financing increases, investors are focusing more on the company's free cash flow generation, which enhances its competitive edge in capital-intensive sectors.
- Dell Rating Adjustment: Bank of America lowers Dell's price target to $135 per share, noting that upcoming earnings may be overshadowed by memory headwinds, although the overall performance remains strong, leading to a more cautious market outlook.
See More
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- Leasing Performance Surge: Macerich signed 7.1 million square feet of new and renewal leases in 2025, an 85% increase over 2024, exceeding the year-end target, indicating strong market performance that is expected to drive revenue growth further.
- Financial Metrics Improvement: The FFO per share for Q4 was $0.48, despite impacts from legal claims and corporate expenses, reflecting a solid overall financial position with a net debt to EBITDA ratio of 7.78x, demonstrating efforts in reducing leverage.
- Asset Disposition Progress: The company completed $1.3 billion in asset dispositions in Q4, moving towards a $2 billion target, indicating management's commitment to optimizing the asset portfolio and enhancing liquidity, which is expected to improve future financial flexibility.
- Positive Future Outlook: Management anticipates completing 350 new leases by 2026 and plans to resume earnings guidance in 2027, reflecting confidence in future growth, particularly against a backdrop of 5.5% growth in luxury sales, indicating strong market demand.
See More
