NEW YORK (

TheStreet

) --

The Macerich Company

(NYSE:

MAC

) hit a new 52-week high Tuesday as it is currently trading at $53.56, above its previous 52-week high of $53.49 with 94,509 shares traded as of 10:46 a.m. ET. Average volume has been 925,800 shares over the past 30 days.

The Macerich has a market cap of $6.9 billion and is part of the

financial

sector and

real estate

industry. Shares are up 11.7% year to date as of the close of trading on Friday.

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The Macerich Company operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 195.9, below the average real estate industry P/E ratio of 220.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates The Macerich as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins. You can view the full

The Macerich Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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