Macerich traded at $22.30 this Wednesday June 3rd, increasing $0.06 or 0.27 percent since the previous trading session. Looking back, over the last four weeks, Macerich gained 3.72 percent. Over the last 12 months, its price rose by 41.23 percent. Looking ahead, we forecast Macerich to be priced at 22.07 by the end of this quarter and at 20.78 in one year, according to Trading Economics global macro models projections and analysts expectations.
The Macerich Company is a self-administered and self-managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company owns ownership interests in The Macerich Partnership, L.P. (the Operating Partnership). The Company, through its operating partnership, owns ownership interests in approximately 52 million square feet of real estate, consisting primarily of 47 regional shopping centers and five community/power shopping centers. The property management, leasing and redevelopment of the Company's portfolio is provided by the Company's management companies, including Macerich Property Management Company, LLC, Macerich Management Company, Macerich Arizona Partners LLC, Macerich Arizona Management LLC, Macerich Partners of Colorado LLC, MACW Mall Management, Inc., and MACW Property Management, LLC.