Macerich Company (The) which can be found using ticker (MAC) have now 12 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 18 and 8 and has a mean target at $12.21. Given that the stocks previous close was at $9.73 this would imply there is now a potential upside of 25.5%. The day 50 moving average is $12.20 and the 200 day moving average is $10.87. The market capitalization for the company is $2,103m. Company Website: https://www.macerich.com
The potential market cap would be $2,638m based on the market consensus.
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).
The company has a dividend yield of 7.21% with the ex dividend date set at 16-2-2023 (DMY).
