The Macerich Company (NYSE:MAC) hit a new 52-week high Wednesday as it changed hands at $49.98 compared with its previous 52-week high of $49.86. The Macerich is currently trading at $49.89 with 9,661 shares changing hands as of 9:35 a.m..
NEW YORK ( TheStreet) -- The Macerich Company (NYSE: MAC) hit a new 52-week high Wednesday as it traded at $49.98 compared with its previous 52-Week high of $49.86. The Macerich is changing hands at $49.89 with 9,661 shares traded as of 9:35 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. The Macerich has a market cap of $6.4 billion and is part of the financial sector and real estate industry. Shares are up 4.5% year to date as of the close of trading on Tuesday. The Macerich Company operates as a real estate investment trust (REIT) in the United States. 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 growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity 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 investment research center.