Macerich Company (The) with ticker code (MAC) now have 12 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 20 and 8 with the average target price sitting at 12. Given that the stocks previous close was at 9.26 this would imply there is a potential upside of 29.6%. There is a 50 day moving average of 9.99 and the 200 day MA is 13.78. The market cap for the company is $2,136m. Find out more information at: https://www.macerich.com
The potential market cap would be $2,768m 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).
