Macerich (MAC) Gets a Buy Rating from BMO Capital


BMO Capital analyst Jeremy Metz maintained a Buy rating on Macerich (MAC) yesterday and set a price target of $56. The company’s shares closed yesterday at $48.78, close to its 52-week low of $46.98.

According to TipRanks.com, Metz is a 2-star analyst with an average return of 0.6% and a 53.8% success rate. Metz covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Retail Opportunity Investments, and American Finance Trust Inc.

Macerich has an analyst consensus of Moderate Buy, with a price target consensus of $54, a 10.7% upside from current levels. In a report issued on November 30, Mizuho Securities also reiterated a Buy rating on the stock with a $53 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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