Macerich Company (The) with ticker code (MAC) now have 12 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 18 and 8 with a mean TP of 12.38. With the stocks previous close at 12.75 this is indicating there is a potential downside of -2.9%. The 50 day moving average now sits at 12.29 and the 200 day moving average is 11.02. The company has a market capitalisation of $2,926m. Find out more information at: https://www.macerich.com
The potential market cap would be $2,841m 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 2019).