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Macerich Co 10.6% Potential Upside Now Implied by Stifel

Macerich Co using SYMBOL/TICKER code NYSE:MAC had its stock rating noted as ‘Reiterated’ with the recommendation being set at ‘HOLD’ yesterday by research analysts at Stifel. Macerich Co are listed in the Consumer Services sector within NYSE. Stifel have set a target price of 74 USD on its stock. This now indicates the analyst believes there is a potential upside of 10.6% from the opening price of 66.9 USD.

 

Macerich Co NYSE:MAC has a 50 day moving average of 70.23 USD and a 200 day moving average of 77.67 USD. The 1 year high stock price is 94.51 USD while the 52 week low for the stock is 66 USD. Over the last 30 and 90 trading days the company share price has decreased 1.42 points and decreased 14.18 points respectively. There are currently 143,061,797 shares in issue with the average daily volume traded being 929,578. Market capitalisation for NYSE:MAC is $9,639,503,489.00 USD.

 

Macerich Co is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. It owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. It specializes in retail properties in many of the country’s populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor.

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