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 $136.79.
Yarmak covers the Real Estate sector, focusing on stocks such as Realty Income, Camden Property, and Equity Residential. According to TipRanks, Yarmak has an average return of 8.5% and a 54.31% success rate on recommended stocks.
In addition to Stifel Nicolaus, Simon Property also received a Buy from Piper Sandler’s Alexander Goldfarb in a report issued today. However, on the same day, Scotiabank maintained a Hold rating on Simon Property (NYSE: SPG).
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Based on Simon Property’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.37 billion and a net profit of $486.34 million. In comparison, last year the company earned a revenue of $1.28 billion and had a net profit of $568.29 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 Shares Latest Financial Performance Update
- Simon Property Group Earnings Update: Did it Beat Estimate Forecasts?
- Simon® Reports Fourth Quarterand Full Year 2023 Resultsand Raises Quarterly Dividend
- Options Volatility and Implied Earnings Moves Today, February 05, 2024
- SPG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
