$MAC

Analysts made several rating changes and price target adjustments. JPMorgan upgraded CoreWeave, Welltower, and Macerich, while Citi downgraded Dropbox. Bernstein upgraded Quanta Services, and Morgan Stanley initiated Imax and Nvidia with overweight ratings. Other notable moves include upgrades for Arcturus Therapeutics, Dollar General, and The Brink's Company, and initiations for NeOnc Technologies, Energy Services of America, BayCom, Avidbank, and SpaceX.

Evercore ISI upgraded Macerich (MAC) to Outperform, citing improved balance sheet, accelerating FFO growth, and reduced leverage. The analyst expects leased occupancy to reach 96.1% by 2028 and notes strong mall fundamentals. MAC's forward equity raise and convertible bond issuance support debt repayment or new investments.

Outfront Media (NYSE:OUT), Weyerhaeuser (NYSE:WY), and Macerich (NYSE:MAC) are identified as oversold real estate stocks with RSI values near 30. OUT reported strong Q2 earnings but fell 4% in 5 days, closing at $28.64. WY posted mixed results, dropping 11% in a month, closing at $22.59. MAC priced $675M in notes, falling 5% in a month, closing at $23.03.

Analysts made several rating changes: Truist initiated DigitalOcean as buy, citing AI growth; Citi downgraded Abercrombie & Fitch to neutral; Baird upgraded Synopsys to outperform. Other notable moves include upgrades for SQM, Synopsys, Extra Space Storage, and downgrades for Celsius, Regions, and Novo Nordisk. Bank of America reiterated Nvidia as buy, highlighting strong AI growth.

Macerich (MAC) reported Q2 2026 results on an earnings call. Adjusted FFO was $0.35 per diluted share, with go-forward portfolio NOI up 3.8%. SNO pipeline was $124 million. Leased occupancy was 94% for the portfolio and 95.5% for the go-forward portfolio. Portfolio sales were $919 per sq ft, $954 for go-forward. The company said it has $372 million available for acquisitions.

MACERICH CO (MAC) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 Macerich Announces Proposed Offering of Exchangeable Senior Notes SANTA MONICA, Calif., August 6, 2026 – The Macerich Company (NYSE: MAC) (“Macerich”) announced today that its operating partnership, The Macerich Partnership, L.P. (“Macerich Partnership”), intends to

J.P. Morgan Chase said it will invest to build $750 billion of housing over nine years, targeting 1 million affordable units and aiding 500,000 customers, including 200,000 first-time buyers. The article also cites BlackRock’s $1.63 billion multifamily purchase from Camden, Starwood Property Trust’s 95% net income drop to $6.6 million, and other real-estate earnings and leasing updates.

Macerich (NYSE: MAC) shares rose about 3.9% after Q2 results and retail mall outlooks. The company reported Q2 revenue of about $249.7M versus roughly $240M expected, and adjusted FFO of $0.35 versus $0.33 consensus, with NOI up 3.8% and occupancy at 94% to 95.5%. Analysts raised price targets into the $25 to $28 range.

Macerich (NYSE: MAC) priced an upsized $675 million offering of 2.25% exchangeable senior notes due 2031, up from $600 million. The notes settle Aug. 11, 2026, pay 2.25% semiannually, mature Aug. 15, 2031, and are exchangeable into MAC shares at an initial rate of 35.4761 shares per $1,000 principal. Net proceeds are about $659.1 million.

Macerich reported progress on its Path Forward 3.0 plan, with leasing completion at 88% versus a midyear 85% target. Management reiterated 2026 go-forward portfolio NOI growth of at least 3%, accelerating to 3.5%+ in 2H, and expects >8% NOI growth in 2027-28 as a $140 million SNO pipeline contributes rent. Net debt/adj. EBITDA improved to 7.3x. The company plans $372 million of unsettled forward equity for acquisitions and noted a $76 million loan default at 29th Street.