Macerich Company (NYSE:MAC) hit a new 52-week high Friday as it is currently trading at $70.45, above its previous 52-week high of $70.36 with 502,955 shares traded as of 12:46 p.m. ET. Average volume has been 788,600 shares over the past 30 days.
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) hit a new 52-week high Friday as it is currently trading at $70.45, above its previous 52-week high of $70.36 with 502,955 shares traded as of 12:46 p.m. ET. Average volume has been 788,600 shares over the past 30 days. Macerich has a market cap of $9.46 billion and is part of the financial sector and real estate industry. Shares are up 18.4% year to date as of the close of trading on Thursday. 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 33.9, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Macerich as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Macerich Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.