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
NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $64.20, above its previous 52-week high of $63.86 with 225,156 shares traded as of 11:35 a.m. ET. Average volume has been 773,900 shares over the past 30 days.
Macerich has a market cap of $8.75 billion and is part of the financial sector and real estate industry. Shares are up 9.5% year to date as of the close of trading on Wednesday.
The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. The company has a P/E ratio of 31.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Macerich as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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