Macerich Company (The) found using ticker (MAC) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 20 and 8 with a mean TP of 12. Now with the previous closing price of 9.31 this would imply there is a potential upside of 28.9%. The 50 day MA is 10.06 while the 200 day moving average is 13.49. The company has a market cap of $2,085m. You can visit the company’s website by visiting: https://www.macerich.com
The potential market cap would be $2,688m 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).
