Macerich Rises On Unusually High Volume (MAC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Macerich Company (NYSE: MAC) is trading at unusually high volume Wednesday with 1.7 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $1.46 (+2.4%) at $61.51 as of 4 p.m. ET.

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Macerich has a market cap of $8.26 billion and is part of the financial sector and real estate industry. Shares are up 3.7% year to date as of the close of trading on Tuesday.

The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. The company has a P/E ratio of 31.6, 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 increase in stock price during the past year, compelling growth in net income, revenue growth, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Macerich Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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