An Insider at Macerich (MAC) is Selling Shares

Yesterday, an Insider at Macerich (MAC), Dana Anderson, sold shares of MAC for $516.5K.

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MAC’s market cap is $7.3B and the company has a P/E ratio of 95.08. Currently, Macerich has an average volume of 967.7K.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $59.50, reflecting a 17.4% upside.

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Macerich Co. operates as a real estate investment trust, which engages in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. It conducts all of its operations through the operating partnership and the management companies.