▼ -18.82% Downside Potential
This price target is based on 14 analysts offering 12 month price targets for The Macerich in the last 3 months. The average price target is $10.23, with a high forecast of $15.00 and a low forecast of $5.50. The average price target represents a -18.82% upside from the last price of $12.60.
The current consensus among 14 investment analysts is to hold stock in The Macerich. This rating has held steady since January 2021, when it changed from a Sell consensus rating.
Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 Â- 2019).