Macerich Reaches New 52-Week High (MAC)

NEW YORK ( TheStreet) -- Macerich Company (NYSE: MAC) hit a new 52-week high Monday as it is currently trading at $56.56, above its previous 52-week high of $56.51 with 327,999 shares traded as of 1:24 p.m. ET. Average volume has been 855,100 shares over the past 30 days.

Macerich has a market cap of $7.14 billion and is part of the financial sector and real estate industry. Shares are up 10.7% 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 38.4, below the average real estate industry P/E ratio of 386.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Macerich as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Macerich Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec