Evercore ISI Group Upgrades Macerich to Outperform from In-Line
Fintel reports that on September 21, 2026, Evercore ISI Group upgraded their outlook for Macerich (NYSE:MAC) (DB:M6G) from In-Line to Outperform.
This rating action follows a prior action on August 18, 2026, when Evercore ISI Group maintained its In-Line rating for the company. In other recent analyst activities, Piper Sandler upgraded Macerich from Neutral to Overweight on August 27, 2026.
The Macerich Company, based in the United States, is a real estate investment trust focusing primarily on the ownership and management of shopping centers. The company specializes in premier malls and shopping centers in densely populated, affluent regions, with key projects including Tysons Corner Center in Virginia and Scottsdale Fashion Square in Arizona.
On August 4, 2026, Macerich reported its latest earnings. The actual earnings per share (EPS) was -0.1, compared to the estimated EPS of -0.0572. The company's actual revenue for the period was $249,707,000.00, compared to the estimated revenue of $238,499,763.00.
Prior to the rating action, Macerich's stock closed at $22.63 on September 18, 2026. The stock's price change over one week was +0.09%, relative to a baseline close of $22.61 on September 11, 2026. Over a one-month period, the price change was -7.37%, relative to a baseline close of $24.43 on August 18, 2026.
As of September 15, 2026, the current consensus target mean for Macerich was $27.61, and the median target was $27.54. The current consensus target implied change percent was +22.02%. The prior consensus target mean was $27.47 as of August 28, 2026, representing a consensus target revision percent of +0.53%.
For the current recommendation period of September 1, 2026, the total recommendation count was 20, consisting of 5 strong buy, 8 buy, 5 hold, and 2 sell recommendations. This represents a current recommendation positive percent of 65.0%, a hold percent of 25.0%, and a negative percent of 10.0%. During the prior recommendation period of August 1, 2026, the total recommendation count was 20, consisting of 5 strong buy, 7 buy, 6 hold, and 2 sell recommendations, representing a prior positive percent of 60.0%, a hold percent of 30.0%, and a negative percent of 10.0%.
According to a Form 8-K filed by The Macerich Company on August 11, 2026, its operating partnership, The Macerich Partnership, L.P., completed the issuance and sale of $775,000,000 aggregate principal amount of 2.25% Exchangeable Senior Notes due 2031. This transaction included the full exercise of the option granted to the initial purchasers to purchase an additional $100,000,000 aggregate principal amount of the Notes. The Notes are fully and unconditionally guaranteed on a senior, unsecured basis by the company.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 21, 2026 | Evercore ISI Group | In-Line | Outperform | upgrade |
| August 27, 2026 | Piper Sandler | Neutral | Overweight | upgrade |
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This story originally appeared on Fintel.