Barclays analyst Ross L Smotrich maintained a Hold rating on Macerich (MAC) yesterday and set a price target of $46. The company’s shares closed yesterday at $43.45, close to its 52-week low of $40.90.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.3% and a 67.7% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Apartment Investment & Management.
Currently, the analyst consensus on Macerich is a Hold with an average price target of $49.
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Macerich’s market cap is currently $6.14B and has a P/E ratio of 69.86. The company has a Price to Book ratio of 2.08.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is neutral 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.
