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Deep Analysis
Why It Matters
Compass Point's upward revision of Macerich's price target to $22 reflects confidence in the company's improved NOI outlook and debt reduction plans, potentially boosting investor sentiment and supporting the REIT's share price. The update underscores the broader trend of value creation in the retail real estate sector amid a shifting retail landscape.
Context & Background
Macerich's May guidance projects $860-900 million NOI
Company aims to reduce debt ratio to 6.25-6.55 from 7.8
Dividend has been paid for 33 years, 3.35% yield
KeyBanc upgraded rating to Overweight with $25 target
Path Forward Plan includes $107 million small-shop pipeline
What Happens Next
Analysts anticipate that Macerich's upside may materialize by mid-2027, with shares potentially flat through most of 2026 before gaining strength later in the year. Investors will watch for the execution of the Path Forward Plan and the reduction of debt as key drivers of future performance.
Frequently Asked Questions
What is Macerich's current stock price?
The stock is trading near $20.30, close to its 52-week high of $20.65.
What is the projected NOI range?
Macerich expects $860 million to $900 million in net operating income for the year.
When is the expected upside?
The potential upside could be delayed until mid-2027, with gains likely in the latter half of the year.
What is the Path Forward Plan?
It is a multi-year strategy that includes a $107 million small-shop opening pipeline and aims to improve leasing metrics and reduce debt.
Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold prices rise on Trump tariff jitters; Russia sold gold holding in January Five things to watch in markets in the week ahead Buy the dip in stocks amid geopolitical jitters, JPM’s Matejka says Trump’s 15% global tariff; Waller to speak; oil drops - what’s moving markets (South Africa Philippines Nigeria) Macerich stock price target raised to $22 by Compass Point on NOI outlook By Investing.com Analyst Ratings Published 02/23/2026, 08:20 AM Macerich stock price target raised to $22 by Compass Point on NOI outlook 0 MAC 2.68% Investing.com - Compass Point raised its price target on The Macerich Company (NYSE:MAC) to $22 from $20 while maintaining a Buy rating on the real estate investment trust. The stock currently trades at $20.30, near its 52-week high of $20.65, following a strong 9.6% gain over the past week. The firm cited the company’s May guidance targeting $860 million to $900 million in net operating income on a restructured portfolio of higher-producing assets. The projection assumes additional asset sales, NOI growth through improved leasing metrics, and redevelopment projects. Macerich expects to reduce debt along the way, targeting a ratio of 6.25 to 6.55 times from the 7.8 times reported for the fourth quarter of 2025. Current leasing volume is running above expectations, leading to higher same-store net operating income. The company has maintained dividend payments for 33 consecutive years, currently offering a 3.35% yield, according to InvestingPro data, which tracks over 1,400 US equities with comprehensive analysis and Fair Value estimates. The property base is expected to shrink, but management projects NOI growth averaging 5% annually for its go-forward portfolio over the next four years. Compass Point noted these catalysts will play out over the next two years. The firm said future upside could be delayed until mid-2027, which may cause shares to remain flat through most of 2026 before g...
