MACERICH

Macerich Company (The) - Consensus Indicates Potential 10.0% Upside

Sought-after European retailer adds first Queens location NEW YORK , March 1, 2023 /PRNewswire/ -- Dynamic NYC retail destination Queens Center today announced that sought-after European fashion retailer Zara is coming to the property. Zara is one of the largest fashion retailers worldwide, known for its seemingly magical ability to respond instinctively to their customers'' needs with fashion-forward products for everyone, with dozens of fresh fashion lines released each year. At Queens Center, Zara is expected to open a multi-level location. Set … Full story available on Benzinga.com

Macerich Company has some high-quality properties under its management and there is a lot of positive news for this REIT. Click here for our take on MAC stock.

Macerich is the second largest of the Regional Mall REITs, with a market capitalization of $2.95 billion. Click here to read my analysis of MAC stock.

The REIT specializes in enclosed malls and has a fat 5% yield. Is the dividend worth the risk, or are there better options?

As of Wednesday, The Macerich Company’s (NYSE:MAC) stock closed at $9.57, down from $9.75 the previous day. While The Macerich Company has underperformed by -1.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MAC fell by -43.97%, with highs and lows ranging from $22.88 to $8.42, […]

Macerich Company (The) with ticker code (MAC) have now 12 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 20 and 8 calculating the mean target price we have 12. With the stocks previous close at 9.75 this would imply there is a potential upside of 23.1%. There is a 50 day moving average of 9.98 and the 200 day moving average is 13.96. The company has a market capitalisation of $2,138m. Find out more information at: https://www.macerich.com [stock_market_widget type="chart" template="basic" color="green" assets="MAC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,632m based on the market concensus. 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.

They say there are three rules in real estate: location, location, location. Macerich owns arguably the highest quality portfolio in the Retail REITs industry.

Macerich Company (The) found using ticker (MAC) now have 11 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 20 and 8 calculating the mean target price we have 11.91. Now with the previous closing price of 10.08 this would imply there is a potential upside of 18.2%. There is a 50 day moving average of 9.9 while the 200 day moving average is 14.24. The company has a market cap of $2,252m. Visit the company website at: https://www.macerich.com [stock_market_widget type="chart" template="basic" color="green" assets="MAC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,661m based on the market concensus. 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.

Simon Property & Macerich have both had a rough H1 2022 and both REITs are cheap today. So, why would I rather own SPG stock today? Click here to find out.

Crossover investor giant Coatue has significantly cut down on funding deals as the venture sector continues to see a pullback after a record-shattering 2021.

The safe route is to buy Macerich shares, collect the generous dividends and reap the rewards when valuations revert back to normal….MAC

Macerich (MAC) gained 1.5% in after hours trade last Friday after the company reported that the President Edward Coppola buys 60,000 common shares at an average price of $8.75 per…

SANTA MONICA, Calif. , June 30, 2022 /PRNewswire/ -- WHAT : Macerich (NYSE: MAC ) Schedules Second Quarter 2022 Earnings Release WHEN: Earnings Results will … Full story available on Benzinga.com