Analyst Price Target is $18.86
▼ -6.91% Downside Potential
This price target is based on 10 analysts offering 12 month price targets for Macerich in the last 3 months. The average price target is $18.86, with a high forecast of $23.00 and a low forecast of $14.60. The average price target represents a -6.91% upside from the last price of $20.26.
Current Consensus is
Reduce
The current consensus among 10 investment analysts is to reduce stock in Macerich. This Reduce consensus rating has held steady for over two years.
Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 47 million square feet of real estate consisting primarily of interests in 44 regional town centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for nine consecutive years (2015-2023).
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