Morgan Stanley (NYSE:MS) analyst Richard Hill maintained a Sell rating on Macerich Company (NYSE:MAC) on Thursday, setting a price target of $13.5, which is approximately 12.96% below the present share price of $15.51.
Hill expects Macerich Company to post earnings per share (EPS) of -$0.06 for the third quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Macerich, with an average price target of $24.83.
The analysts price targets range from a high of $57 to a low of $13.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $215.47 million and a net profit of $41.85 million. The company's market cap is $3.3 billion.
According to TipRanks.com, Morgan Stanley analyst Richard Hill is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.2% and a 58.11% success rate.
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. The company was founded by Mace Siegel, Dana K. Anderson, Arthur M. Coppola and Edward C. Coppola in 1964 and is headquartered in Santa Monica, CA.