Macerich Company (The) with ticker code (MAC) now have 12 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 18 and 8 with the average target price sitting at $12.21. Given that the stocks previous close was at $10.27 this would indicate that there is a potential upside of 18.9%. There is a 50 day moving average of $11.47 while the 200 day moving average is $10.88. The company has a market cap of $2,219m. Visit the company website at: https://www.macerich.com
The potential market cap would be $2,638m based on the market consensus.
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).
The company has a dividend yield of 6.73% with the ex dividend date set at 16-2-2023 (DMY).
