A statement released earlier today by Deutsche Bank about The Macerich Company (NYSE:MAC) bumps the target price to $87.00
- Updated: October 4, 2016
Boasting a price of $78.34, The Macerich Company (NYSE:MAC) traded -0.62% lower on the day. With the last close down -3.33% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. The Macerich Company has recorded a 50-day average of $81.73 and a two hundred day average of $81.22. Volume of trade was down over the average, with 104,641 shares of MAC changing hands under the typical 849,845
Deutsche Bank bumped up the target of The Macerich Company (NYSE:MAC) to $87.00 stating a potential upside of 0.11%.
On 8/31/2016, Jefferies & Co released a statement on The Macerich Company (NYSE:MAC) bumped up the target price from $86.00 to $88.00 that suggested an upside of 0.08%.
With a total market value of $0, The Macerich Company has price-earnings ratio of 13.19 with a one year low of $71.82 and a one year high of $94.51 .
A total of 15 analysts have released a research note on MAC. zero analysts rating the company a strong buy, two analysts rating the company a buy, seventeen analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $82.13.
More About The Macerich Company (NYSE:MAC)
The Macerich Company 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. It owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. It specializes in retail properties in many of the country's populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor.
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