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Macerich (MAC) Receives a Hold from Evercore ISI

Tipranks - Tipranks - Fri Feb 20, 7:48AM CST

In a report released today, Steve Sakwa from Evercore ISI maintained a Hold rating on Macerich, with a price target of $20.00.

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According to TipRanks, Sakwa is a 2-star analyst with an average return of 0.2% and a 50.61% success rate. Sakwa covers the Real Estate sector, focusing on stocks such as Public Storage, COPT Defense Properties, and Rexford Industrial Realty.

In addition to Evercore ISI, Macerich also received a Hold from Piper Sandler’s Alexander Goldfarb in a report issued today. However, on the same day, Truist Financial maintained a Buy rating on Macerich (NYSE: MAC).

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Based on Macerich’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $261.7 million and a GAAP net loss of $18.76 million. In comparison, last year the company earned a revenue of $273.68 million and had a GAAP net loss of $211.21 million

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