Macerich Company (The) found using ticker (MAC) have now 11 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 23 and 10 calculating the average target price we see 15.02. With the stocks previous close at 9.37 this is indicating there is a potential upside of 60.3%. The 50 day MA is 11.74 while the 200 day moving average is 15.85. The company has a market capitalisation of $2,055m. Visit the company website at: https://www.macerich.com
The potential market cap would be $3,294m 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).
