Macerich Company (The) (MAC) has an average broker rating of 2.92, which is interpreted as a Hold, as rated by 13 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Macerich Company (The) (MAC) : The highest level Macerich Company (The) (MAC) is projected to reach is $94 for the short term and the lowest estimate is at $79. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $86.33 and the possibility the share price can swing is $4.39.
Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Jefferies maintains its rating on Macerich Company (The) (NYSE:MAC).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies raises the new price target from $86 per share to $88 per share. The rating by the firm was issued on August 31, 2016.
Macerich Company (The) (NYSE:MAC): The stock opened at $82.68 and touched an intraday high of $83.71 on Wednesday. During the day, the stock corrected to an intraday low of $82.34, however, the bulls stepped in and pushed the price higher to close in the green at $83.64 with a gain of 1.03% for the day. The total traded volume for the day was 1,097,654. The stock had closed at $82.79 in the previous trading session.
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.