Macerich Company (The) found using ticker (MAC) have now 13 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 27 and 11.25 calculating the mean target price we have 16.52. Given that the stocks previous close was at 11.43 this now indicates there is a potential upside of 44.5%. The 50 day MA is 13.75 and the 200 day moving average is 16.55. The company has a market capitalisation of $2,576m. Company Website: https://www.macerich.com
The potential market cap would be $3,723m 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).
