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NEW YORK ( TheStreet) -- The Macerich Company (NYSE: MAC) hit a new 52-week low Monday as it is currently trading at $41.93, below its previous 52-week low of $41.96 with 557,019 shares traded as of 11:30 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. The Macerich has a market cap of $5.9 billion and is part of the financial sector and real estate industry. Shares are down 10% year to date as of the close of trading on Friday. The Macerich Company operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 369.8, below the average real estate industry P/E ratio of 443.7 and above the S&P 500 P/E ratio of 17.7.