1 day Ago By ABMN Staff
Simon Property Group ( NYSE:SPG – Get Free Report ) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued on Monday, MarketBeat Ratings reports. The brokerage currently has a $172.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $160.
00. Evercore ISI’s price objective points to a potential upside of 4.64% from the stock’s current price.
A number of other analysts have also weighed in on the company. Scotiabank upped their price objective on Simon Property Group from $152.00 to $169.
00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Stifel Nicolaus reiterated a “hold” rating and set a $159.00 target price (up previously from $157.
50) on shares of Simon Property Group in a research note on Thursday, September 12th. Truist Financial boosted their target price on shares of Simon Property Group from $147.00 to $158.
00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Mizuho boosted their target price on shares of Simon Property Group from $155.00 to $158.
00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Piper Sandler reiterated a “neutral” rating and set a $175.00 target price (down previously from $190.
00) on shares of Simon Property Group in a research note on Tuesday, September 3rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.
com, the stock currently has an average rating of “Hold” and a consensus target price of $162.78. Check Out Our Latest Analysis on Simon Property Group Simon Property Group Stock Down 0.
3 % Simon Property Group ( NYSE:SPG – Get Free Report ) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.
93 by ($1.42). Simon Property Group had a return on equity of 78.
14% and a net margin of 45.90%. The company had revenue of $1.
32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the company posted $2.
88 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year.
As a group, equities analysts expect that Simon Property Group will post 12.85 earnings per share for the current fiscal year. Insider Buying and Selling at Simon Property Group In related news, Director Reuben S.
Leibowitz acquired 486 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was bought at an average price of $150.17 per share, for a total transaction of $72,982.
62. Following the completion of the purchase, the director now directly owns 55,001 shares of the company’s stock, valued at approximately $8,259,500.17.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . 8.50% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Simon Property Group A number of institutional investors and hedge funds have recently made changes to their positions in the business. Diligent Investors LLC raised its holdings in shares of Simon Property Group by 0.5% in the second quarter.
Diligent Investors LLC now owns 13,740 shares of the real estate investment trust’s stock valued at $2,086,000 after buying an additional 68 shares during the last quarter. Augustine Asset Management Inc. raised its holdings in shares of Simon Property Group by 3.
8% in the second quarter. Augustine Asset Management Inc. now owns 1,859 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 68 shares during the last quarter.
TIAA Trust National Association raised its holdings in shares of Simon Property Group by 3.7% in the first quarter. TIAA Trust National Association now owns 1,913 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 69 shares during the last quarter.
Inspire Advisors LLC raised its holdings in shares of Simon Property Group by 1.7% in the first quarter. Inspire Advisors LLC now owns 4,126 shares of the real estate investment trust’s stock valued at $646,000 after buying an additional 70 shares during the last quarter.
Finally, Mark Asset Management LP raised its holdings in shares of Simon Property Group by 0.9% in the second quarter. Mark Asset Management LP now owns 8,095 shares of the real estate investment trust’s stock valued at $1,229,000 after buying an additional 72 shares during the last quarter.
93.01% of the stock is owned by hedge funds and other institutional investors. About Simon Property Group ( Get Free Report ) Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG).
Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. Featured Stories Receive News & Ratings for Simon Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group and related companies with MarketBeat.com's FREE daily email newsletter .
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