Macerich Company (The) with ticker code (MAC) now have 11 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 20 and 8 calculating the mean target price we have 12.73. With the stocks previous close at 10.14 this would imply there is a potential upside of 25.5%. The day 50 moving average is 10.23 and the 200 moving average now moves to 15.05. The company has a market cap of $2,342m. You can visit the company’s website by visiting: https://www.macerich.com
The potential market cap would be $2,940m 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).
