In a report released today, Richard Hill from Morgan Stanley maintained a Hold rating on Macerich (NYSE: MAC), with a price target of $58. The company’s shares closed yesterday at $56.28.
According to TipRanks.com, Hill is a 1-star analyst with an average return of -2.0% and a 46.2% success rate. Hill covers the Financial sector, focusing on stocks such as American Assets Trust, Regency Centers, and Kimco Realty.
Currently, the analyst consensus on Macerich is Moderate Buy and the average price target is $63.25, representing a 12.4% upside.
In a report issued on May 30, Barclays also maintained a Hold rating on the stock with a $57 price target.
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Macerich’s market cap is currently $7.94B and has a P/E ratio of 91.41. The company has a Price to Book ratio of 2.51.
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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.
