In a report released yesterday, Omotayo Okusanya from Jefferies reiterated a Hold rating on Macerich (NYSE: MAC), with a price target of $57. The company’s shares closed yesterday at $57.42.
According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 7.5% and a 60.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Easterly Government Properties, DCT Industrial Trust Inc, and Office Properties Trust.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Macerich with a $62.50 average price target.
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The company has a one-year high of $69.73 and a one-year low of $52.12. Currently, Macerich has an average volume of 1.23M.
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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.
