Macerich Company (The) with ticker code (MAC) have now 12 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 20 and 8 with a mean TP of 11.63. Now with the previous closing price of 12.97 this now indicates there is a potential downside of -10.3%. The 50 day moving average now sits at 10.47 while the 200 day moving average is 11.57. The company has a market cap of $2,854m. Visit the company website at: https://www.macerich.com
The potential market cap would be $2,559m based on the market concensus.
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).
