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Scotiabank Remains a Hold on Macerich (MAC)

Tipranks - Tipranks - Fri Feb 20, 6:29AM CST

Scotiabank analyst Greg McGinniss maintained a Hold rating on Macerich today and set a price target of $19.00.

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According to TipRanks, McGinniss is a 2-star analyst with an average return of 0.3% and a 51.95% success rate. McGinniss covers the Real Estate sector, focusing on stocks such as Rexford Industrial Realty, Simon Property, and Terreno Realty.

In a report released today, Piper Sandler also maintained a Hold rating on the stock with a $19.00 price target.

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Based on Macerich’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $253.26 million and a GAAP net loss of $87.36 million. In comparison, last year the company earned a revenue of $220.22 million and had a GAAP net loss of $108.19 million

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