Macerich Hits New 1-Year High as Earnings Outlook Improves

Shares of the real estate investment trust reach a 52-week high on positive sentiment and analyst upgrades.

Apr. 10, 2026 at 9:23am

Got story updates? Submit your updates here. ›

An extreme close-up of heavy, polished banking machinery and mechanisms, such as gears, pulleys, and levers, conveying a sense of financial security and institutional power without using literal currency or charts.The intricate inner workings of Macerich's financial infrastructure reflect the stability and institutional strength driving the REIT's recent stock market gains.Santa Monica Today

Shares of Macerich Company (NYSE:MAC) reached a new 52-week high on Friday, trading as high as $21.25 per share. The rally comes as Zacks Research raised multiple near-term and medium-term earnings forecasts for the REIT, reflecting modestly better earnings visibility and a slightly more constructive outlook.

Why it matters

Macerich's strong performance over the past six months, outpacing its peers by around 16.4%, has been driven by stable occupancy and positive leasing spreads in its high-quality shopping center portfolio. This narrative can attract momentum buyers and reinforce investor confidence in the company.

The details

The positive sentiment around Macerich is supported by Zacks Research's decision to raise its EPS forecasts for the company in the first three quarters of 2027, as well as for the full years of 2027 and 2028. This reflects improved earnings visibility and a more constructive outlook from the research firm. However, Zacks did trim its Q4 2027 EPS estimate slightly, signaling some unevenness in near-term expectations.

  • Macerich shares reached a new 52-week high on Friday, April 10, 2026.

The players

Macerich Company

A real estate investment trust (REIT) that specializes in the acquisition, development, ownership and management of regional shopping centers in the United States.

Zacks Research

A research firm that provides investment research and analysis, including earnings forecasts and ratings for publicly traded companies.

Got photos? Submit your photos here. ›

What’s next

Investors will be closely watching for any further updates or revisions to Macerich's earnings forecasts, as well as any changes in the company's operational performance and portfolio composition.

The takeaway

Macerich's strong stock performance and improved earnings outlook highlight the resilience of its high-quality shopping center portfolio, even as the retail industry faces ongoing challenges. The REIT's ability to maintain stable occupancy and positive leasing spreads has helped it outperform its peers, attracting the attention of momentum investors.