Macerich Company (The) found using ticker (MAC) have now 15 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 35 and 14.75 with a mean TP of 21.05. Given that the stocks previous close was at 16.7 this indicates there is a potential upside of 26.0%. There is a 50 day moving average of 18.3 and the 200 moving average now moves to 17.13. The market capitalisation for the company is $3,660m. You can visit the company’s website by visiting: https://www.macerich.com
The potential market cap would be $4,613m 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 Â 2019).
