Macerich Company (The) found using ticker (MAC) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 27 and 14 calculating the mean target price we have 18.15. Given that the stocks previous close was at 14.89 this is indicating there is a potential upside of 21.9%. The day 50 moving average is 15.45 and the 200 moving average now moves to 17.24. The company has a market cap of $3,153m. Company Website: https://www.macerich.com
The potential market cap would be $3,844m 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).
