Jefferies analyst Omotayo Okusanya reiterated a Hold rating on Macerich (MAC) on December 13 and set a price target of $52. The company’s shares closed on Friday at $47.77, close to its 52-week low of $46.98.
According to TipRanks.com, Okusanya is a 5-star analyst with an average return of 7.3% and a 59.3% success rate. Okusanya covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Retail Properties of America Inc, and Senior Housing Properties Trust.
Macerich has an analyst consensus of Moderate Buy, with a price target consensus of $53.75, which is a 12.5% upside from current levels. In a report issued on December 3, SunTrust Robinson also reiterated a Hold rating on the stock with a $55 price target.
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The company has a one-year high of $69.73 and a one-year low of $46.98. Currently, Macerich has an average volume of 1.03M.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.
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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.
