Macerich (MAC) Receives a Hold from Barclays
In a report released yesterday, Ross L Smotrich from Barclays maintained a Hold rating on Macerich (MAC), with a price target of $33. The company’s shares closed last Monday at $32.75.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.6% and a 63.4% success rate. Smotrich covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hudson Pacific Properties, and Cushman & Wakefield Plc.
Macerich has an analyst consensus of Hold, with a price target consensus of $35.67.
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Macerich’s market cap is currently $4.75B and has a P/E ratio of 45.08. The company has a Price to Book ratio of 1.72.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MAC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.