Stifel Nicolaus analyst Simon Yarmak maintained a Buy rating on Simon Property (SPG – Research Report) today and set a price target of $152.00. The company’s shares closed yesterday at $144.44.
According to TipRanks, Yarmak is a 5-star analyst with an average return of 8.7% and a 55.74% success rate. Yarmak covers the Real Estate sector, focusing on stocks such as Realty Income, EPR Properties, and Essential Properties Realty.
Currently, the analyst consensus on Simon Property is a Moderate Buy with an average price target of $153.22, which is a 6.08% upside from current levels. In a report released today, Piper Sandler also assigned a Buy rating to the stock with a $172.00 price target.
Based on Simon Property’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.41 billion and a net profit of $680.6 million. In comparison, last year the company earned a revenue of $1.32 billion and had a net profit of $616.92 million
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Simon Property (SPG) Company Description:
Simon Property Group, Inc. is a real estate investment trust, which is engaged in owning, acquiring and leasing of dining, shopping, entertainment and mixed-use destinations. Its real estate portfolio consists of Premium Outlets, shopping malls and The Mills and International Properties across North America, Europe and Asia.
Read More on SPG:
- Simon Property Q1 2024 Financial Performance Snapshot
- Simon® Reports First Quarter 2024 Results, Increases Full Year 2024 Guidance and Raises Quarterly Dividend
- Options Volatility and Implied Earnings Moves Today, May 06, 2024
- SPG Earnings this Week: How Will it Perform?
- Simon Property price target raised to $147 from $139 at Truist
