The Macerich Company (MAC): Today's Featured Real Estate Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Macerich Company (MAC) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day down 0.4%. By the end of trading, Macerich Company rose $1.44 (2.5%) to $58.80 on average volume. Throughout the day, 1.2 million shares of Macerich Company exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in a price between $56.91-$58.87 after having opened the day at $57.25 as compared to the previous trading day's close of $57.36. Other companies within the Real Estate industry that increased today were: General Growth Properties (GGP), up 9.7%, Vestin Realty Mortgage II (VRTB), up 5.7%, American Realty Investors (ARL), up 4.1%, and Gazit-Globe (GZT), up 3.4%.
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