Macerich Company (The) with ticker code (MAC) have now 12 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 18 and 8 calculating the average target price we see $12.21. Given that the stocks previous close was at $10.16 and the analysts are correct then we can expect a percentage increase in value of 20.2%. The 50 day MA is $11.07 and the 200 moving average now moves to $10.91. The market cap for the company is $2,247m. You can visit the company’s website by visiting: https://www.macerich.com
The potential market cap would be $2,700m 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 6.69% with the ex dividend date set at 16-2-2023 (DMY).
