In a report released today, Alexander Goldfarb from Piper Sandler maintained a Buy rating on Simon Property (SPG – Research Report), with a price target of $172.00. The company’s shares closed yesterday at $145.16.
According to TipRanks, Goldfarb is a 4-star analyst with an average return of 2.6% and a 56.85% success rate. Goldfarb covers the Real Estate sector, focusing on stocks such as AvalonBay, SL Green Realty, and Essex Property.
In addition to Piper Sandler, Simon Property also received a Buy from Goldman Sachs’s Caitlin Burrows in a report issued on December 5. However, on December 12, Truist Financial maintained a Hold rating on Simon Property (NYSE: SPG).
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SPG market cap is currently $54.46B and has a P/E ratio of 21.69.
Based on the recent corporate insider activity of 79 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 by $3 at Truist, here’s why
- Simon Property Group Stock (NYSE:SPG): Strong Tenant Demand Suggests More Upside
- 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
