Macerich Company (The) (NYSE:MAC) Receives Average Recommendation of "Hold" from Brokerages

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Macerich Company (NYSE: MAC) has received an average “Hold” recommendation from fourteen brokerage firms, with an average one-year price target of $20.46. This comes despite the company missing its Q1 earnings per share estimates, reporting ($0.07) against an expected $0.43, but exceeding revenue expectations with $261.7 million. The company recently declared a quarterly dividend of $0.17 per share, yielding 3.6% annually.

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