Macerich Company (The) found using ticker (MAC) now have 12 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 23 and 10 calculating the average target price we see 14.94. Given that the stocks previous close was at 8.94 this now indicates there is a potential upside of 67.1%. The 50 day MA is 12.24 and the 200 day moving average is 16.05. The company has a market capitalisation of $2,005m. You can visit the company’s website by visiting: https://www.macerich.com
The potential market cap would be $3,351m 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).
