Macerich Reaches New 52-Week High (MAC)

NEW YORK ( TheStreet) -- Macerich Company (NYSE: MAC) hit a new 52-week high Thursday as it is currently trading at $58.12, above its previous 52-week high of $58.09 with 415,123 shares traded as of 2:30 p.m. ET. Average volume has been 864,200 shares over the past 30 days.

Macerich has a market cap of $7.57 billion and is part of the financial sector and real estate industry. Shares are up 11% year to date as of the close of trading on Wednesday.

The Macerich Company operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 38.5, below the average real estate industry P/E ratio of 48.6 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.

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