Macerich Company (The) with ticker code (MAC) now have 15 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 35 and 14.5 calculating the mean target price we have 20.82. Now with the previous closing price of 16.53 this would imply there is a potential upside of 26.0%. The 50 day MA is 17.85 while the 200 day moving average is 17.23. The company has a market cap of $3,502m. Company Website: https://www.macerich.com
The potential market cap would be $4,411m based on the market concensus.
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Macerich 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. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 Â 2019).