Macerich Company (The) with ticker code (MAC) have now 12 confirmed 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 18 and 8 suggesting an average Analsyt target price of $12.21. Given that the stocks previous close was at $9.57 this is indicating there is a potential upside of 27.6%. There is a 50 day moving average of $10.71 and the 200 day moving average is $10.92. The market cap for the company is $2,105m. Find out more information at: https://www.macerich.com
The potential market cap would be $2,686m based on the market consensus.
Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 47 million square feet of real estate consisting primarily of interests in 44 regional town centers (many of which include mixed-uses). Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 GRESB ranking for U.S. Retail, Retail Centers.
The company has a dividend yield of 7.11% with the ex dividend date set at 16-2-2023 (DMY).
