Macerich Co (NYSE:MAC) target price raised to $88.00, reported today by Zacks Investment Research
- Updated: October 8, 2016
Having a price of $76.31, Macerich Co (NYSE:MAC) traded 0.09% higher on the day. With the last close down -6.16% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. MAC has recorded a 50-day moving average of $80.97 and a 200-day moving average of $81.11. 632,543 shares of MAC traded hands, down from an average trading volume of 849,843
Stating a potential upside of 0.15%, Zacks Investment Research upped the price target of Macerich Co (NYSE:MAC) to $88.00
On 10/4/2016, Deutsche Bank released a statement on Macerich Co (NYSE:MAC) upped the target price from $84.00 to $87.00 that suggested an upside of 0.11%.
Recent Performance Chart
Macerich Co has 52 week low of $71.82 and a 52 week high of $94.51 with a PE ratio of 12.79 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is $82.13 with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 17 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Macerich Co (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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