Macerich Company (The) (MAC) Receives Analyst Rating

Macerich Company (The) (MAC) : The consensus on Macerich Company (The) (MAC) based on 13 analyst recommendation on the company stock is 2.92, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Macerich Company (The) (MAC) : Currently there are 9 street experts covering Macerich Company (The) (MAC) stock. The most bullish and bearish price target for the stock is $94 and $79 respectively for the short term. The average price target of all the analysts comes to $86.33. The estimated standard deviation from the target is $4.39.


Also, Major Brokerage house, Jefferies maintains its ratings on Macerich Company (The) (NYSE:MAC). In the latest research report, Jefferies raises the target price from $86 per share to $88 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 31, 2016.

Macerich Company (The) (NYSE:MAC): After opening at $79.44, the stock dipped to an intraday low of $78.98 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $80.03 and the buying power remained strong till the end. The stock closed at $79.87 for the day, a gain of 0.35% for the day session. The total traded volume was 625,979. The stocks close on the previous trading day was $79.59.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *