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Macerich Co 11.5% Potential Upside Now Implied by Mizuho

Macerich Co using SYMBOL/TICKER code NYSE:MAC has had its stock rating noted as ‘Initiated’ with the recommendation being set at ‘NEUTRAL’ yesterday by research analysts at Mizuho. Macerich Co are listed in the Consumer Services sector within NYSE. Mizuho have set their target price at 88 USD on its stock. This would imply the analyst believes there is a potential upside of 11.5% from the opening price of 78.89 USD.

 

Macerich Co NYSE:MAC has a 50 day moving average of 79.13 USD and a 200 day moving average of 79.45 USD. The 1 year high share price is 86.31 USD while the year low share price is currently 71.98 USD. Over the last 30 and 90 trading days the company share price has decreased 1.83 points and increased 0.5 points respectively. There are currently 149,036,423 shares in issue with the average daily volume traded being 1,562,380. Market capitalisation for NYSE:MAC is $11,729,166,035.00 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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