In a report issued on December 11, Ki Bin Kim from SunTrust Robinson reiterated a Hold rating on Macerich (MAC), with a price target of $52. The company’s shares opened today at $47.38, close to its 52-week low of $46.98.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 8.4% and a 70.8% success rate. Kim covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Americold Realty Trust, and Eastgroup Properties.
Macerich has an analyst consensus of Moderate Buy, with a price target consensus of $55.
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Based on Macerich’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $27.23 million. In comparison, last year the company had a net profit of $29.16 million.
Based on the recent corporate insider activity of 20 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.
