Mizuho Securities analyst Haendel St. Juste reiterated a Buy rating on Macerich (MAC) on November 30 and set a price target of $53. The company’s shares opened today at $50.51, close to its 52-week low of $48.16.
According to TipRanks.com, Juste is a 2-star analyst with an average return of -0.3% and a 48.5% success rate. Juste covers the Financial sector, focusing on stocks such as Spirit Realty Capital, Invitation Homes Inc, and CBL and Associates.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Macerich with a $56 average price target, representing a 10.9% upside. In a report issued on November 26, BTIG also maintained a Buy rating on the stock with a $63 price target.
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The company has a one-year high of $69.73 and a one-year low of $48.16. Currently, Macerich has an average volume of 917.5K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative 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.
