Macerich Company (The) which can be found using ticker (MAC) have now 12 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 18 and 8 and has a mean target at $12.21. Given that the stocks previous close was at $10.21 this now indicates there is a potential upside of 19.6%. The 50 day MA is $10.44 while the 200 day moving average is $10.94. The company has a market capitalization of $2,293m. Visit the company website at: https://www.macerich.com
The potential market cap would be $2,743m based on the market consensus.
Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 47 million square feet of real estate consisting primarily of interests in 44 regional town centers (many of which include mixed-uses). Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 GRESB ranking for U.S. Retail, Retail Centers.
The company has a dividend yield of 6.66% with the ex dividend date set at 18-5-2023 (DMY).
