In a report released today, Simon Yarmak from Stifel Nicolaus maintained a Buy rating on Simon Property (SPG – Research Report), with a price target of $152.00. The company’s shares closed yesterday at $144.38.
Yarmak covers the Real Estate sector, focusing on stocks such as Kimco Realty, Realty Income, and Pebblebrook Hotel. According to TipRanks, Yarmak has an average return of 9.6% and a 57.64% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Simon Property with a $139.91 average price target.
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SPG market cap is currently $54.17B and has a P/E ratio of 21.57.
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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 price target raised to $140 from $119 at Mizuho
- Simon Property price target raised to $140 from $116 at Mizuho
- Salesforce upgraded, Chipotle downgraded: Wall Street’s top analyst calls
- Simon Property downgraded to Equal Weight from Overweight at Morgan Stanley
- Simon Property price target raised to $172 from $148 at Piper Sandler
