BNP Paribas Exane sets USD 28.00 target for Macerich stock

Published on 10/17/2026 at 19:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are scheduled for November 4, 2026. Macerich stock was last at USD 22.96 on October 16, 2026, down 0.56 percent versus the NYSE prior close.

Analyst coverage and earnings date

BNP Paribas Exane began coverage with a USD 28.00 target on October 9, 2026.
Macerich has scheduled its third-quarter results for November 4, 2026.
Macerich stock was last at USD 22.96 on October 16, 2026 at 4:00 p.m. ET, down 0.56 percent versus the NYSE prior close.
Macerich had a USD 6.8 billion market capitalization and a negative 35.32 price-to-earnings ratio on October 16, 2026.

MAC, US5543821012, Illustration mit AI erstellt.

As MarketBeat reported on October 9, 2026, BNP Paribas Exane initiated coverage of The Macerich Company (ISIN US5543821012) with an Outperform rating and a USD 28.00 price target. That target was 21.95 percent above the company's USD 22.96 last price on October 16, 2026. Macerich was last at USD 22.96 on October 16, 2026 at 4:00 p.m. ET, down 0.56 percent versus the NYSE prior close.

November 4 results set the next date

Macerich's investor-relations calendar lists November 4, 2026 for the release of third-quarter results after the market close and a conference call at 5:00 p.m. ET. The date gives the next scheduled checkpoint for revenue, earnings and property-level operating trends. Macerich identifies the event on its investor-information page.

Stock sits below its yearly high

At USD 22.96, Macerich stood 13.94 percent below its USD 26.68 52-week high and 43.23 percent above its USD 16.03 52-week low on October 16, 2026. Trading volume reached 4,793,051 shares, compared with an average volume of 3,428,306 shares. The price position leaves the stock materially below its yearly peak while keeping it above the lower end of its range.

Valuation and portfolio scale

Macerich had a market capitalization of USD 6.8 billion and a negative price-to-earnings ratio of 35.32 on October 16, 2026. Its dividend yield was 0.03 percent. The company operates as a retail real estate investment trust, with interests in 47 regional retail complexes representing 51 million square feet, according to its company profile.

The analyst target and the upcoming results date frame the next information points. The target is a stated research view rather than a forecast by this article, while the November report will provide a fresh operating update.

Comparison with peers

Figures below are from the October 16, 2026 session.
Macerich (NYSE, USD): minus 0.56 percent, P/E minus 35.32, market capitalization USD 6.8 billion
Simon Property Group (NYSE, USD): plus 1.01 percent, P/E 14.53, market capitalization USD 66.5 billion
Tanger (NYSE, USD): plus 0.34 percent, P/E 32.21, market capitalization USD 4.1 billion

What comes next for investors

The November 4 results will add a new operating period to the current analyst discussion. Until then, the key market markers are the USD 28.00 BNP Paribas Exane target, the USD 26.68 yearly high and the USD 22.96 last NYSE price.