Macerich Company (The) with ticker code (MAC) have now 13 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 27 and 10 and has a mean target at 15.98. Now with the previous closing price of 11.48 this now indicates there is a potential upside of 39.2%. The day 50 moving average is 13.16 and the 200 day moving average is 16.34. The market cap for the company is $2,547m. Visit the company website at: https://www.macerich.com
The potential market cap would be $3,545m 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).
