Macerich Co chief accounting officer Zecchini sells $63,787 stock

Christopher J. Zecchini, Chief Accounting Officer at Macerich Co, sold 2,740 shares of the company's stock on September 9, 2026. He traded each share for $23.2801, resulting in a total sale amount of roughly $63,787. After this transaction, Zecchini directly owns 847 shares of Macerich Co common stock. The insider sale occurs as the company's shares have experienced substantial growth, up 27% year-to-date and currently trading around $23.03.

Analysis from InvestingPro indicates that the stock may be overvalued when compared to its intrinsic value. Nevertheless, Macerich has consistently paid dividends for 33 straight years, with a yield of 2.95%. For those interested in further analysis, the company's Pro Research Report, encompassing MAC's full financial profile, is accessible via InvestingPro.

In concurrent news, Macerich Co reported noteworthy updates in its Q2 2026 earnings. The company experienced a 3.8% rise in net operating income from its operating properties, indicating advancements in its restructured portfolio. Occupancy rates improved, and sales productivity hit a new company record, with targets set for maintaining at least 3% full-year NOI growth in 2026.

Additionally, Piper Sandler upgraded the company's stock rating to "Overweight" from "Neutral," projecting an optimistic outlook on funds from operations (FFO) growth and elevating its price target to $30.00 from $28.00. The analyst highlighted potential upside of over 20% by 2027, citing Macerich's management's efforts to de-encumber its wholly-owned assets.

These developments shed light on Macerich's strategic pursuits and financial achievements. This report was AI-assisted and subsequently reviewed by an editor. For additional details, refer to the Disclaimer.