Mizuho Securities analyst Haendel St. Juste reiterated a Hold rating on Macerich (MAC) today and set a price target of $44. The company’s shares opened today at $43.18, close to its 52-week low of $40.90.
According to TipRanks.com, Juste is a 3-star analyst with an average return of 1.1% and a 53.3% success rate. Juste covers the Financial sector, focusing on stocks such as Camden Property Trust, Spirit Realty Capital, and American Assets Trust.
Currently, the analyst consensus on Macerich is a Hold with an average price target of $49.73, which is a 15.2% 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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Macerich’s market cap is currently $6.11B and has a P/E ratio of 103.03. The company has a Price to Book ratio of 2.07.
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.
