In a report released today, Caitlin Burrows from Goldman Sachs maintained a Buy rating on Simon Property (SPG – Research Report). The company’s shares closed today at $130.78.
Burrows covers the Real Estate sector, focusing on stocks such as Extra Space Storage, Hudson Pacific Properties, and Simon Property. According to TipRanks, Burrows has an average return of 1.3% and a 58.75% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Simon Property with a $128.89 average price target.
See Insiders’ Hot Stocks on TipRanks >>
SPG market cap is currently $49.09B and has a P/E ratio of 19.55.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 price target raised to $123 from $122 at Evercore ISI
- Simon Property upgraded to Conviction Buy from Buy at Goldman Sachs
- Simon Property price target lowered to $130 from $139 at Stifel
- Simon® Reports Third Quarter 2023 Results and Increases Full Year 2023 Guidance
- Simon Property raises FY23 FFO view to $12.15-$12.25 from $11.85-$11.95
