Macerich Company (The) (MAC) : 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Macerich Company (The) (MAC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Hold with a rating of 2.92.
Macerich Company (The) (MAC) : 9 investment research analysts covering Macerich Company (The) (MAC) have an average price target of $86.11 for the near short term. The highest target price given by the Brokerage Firm to the stock is $94 and the lowest target is $79 for the short term. Analysts expect the variance to be within $4.34 of the average price.
The Macerich Company has lost 0.16% in the last five trading days and dropped 6.76% in the last 4 weeks. The Macerich Company is up 9.51% in the last 3-month period. Year-to-Date the stock performance stands at 4.45%. Macerich Company (The) (NYSE:MAC): On Tuesdays trading session , Opening price of the stock was $82.66 with an intraday high of $82.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $82.075. However, the stock managed to close at $82.11, a loss of 0.15% for the day. On the previous day, the stock had closed at $82.23. The total traded volume of the day was 649,116 shares.
The Macerich Company is a self-managed and self-administered real estate investment trust (REIT). The Company is engaged in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company, through its partnership and ownership interests in the Macerich Partnership, L.P., has an ownership interest in 51 regional shopping centers and eight community/power shopping centers. These 59 regional and community/power shopping centers (which include any related office space) consist of approximately 55 million square feet of gross leasable area (GLA). The Centers primarily included 194 Anchors totaling approximately 28 million square feet of GLA and approximately 6,000 Mall Stores and Freestanding Stores totaling approximately 26 million square feet of GLA.