.jpg "Macerich (NYSE: MAC)")
RBC Capital analyst Wes Golladay reiterated a Hold rating on Macerich (MAC) on February 22 and set a price target of $46. The company’s shares closed yesterday at $43.90, close to its 52-week low of $40.90.
According to TipRanks.com, Golladay is a 4-star analyst with an average return of 8.7% and a 68.4% success rate. Golladay covers the Financial sector, focusing on stocks such as National Retail Properties, Spirit Realty Capital, and Pebblebrook Hotel.
Macerich has an analyst consensus of Hold, with a price target consensus of $49, which is an 11.6% upside from current levels. In a report issued on February 8, Wells Fargo also downgraded the stock to Hold with a $43 price target.
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The company has a one-year high of $60.95 and a one-year low of $40.90. Currently, Macerich has an average volume of 1.43M.
Based on the recent corporate insider activity of 22 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.
