2 weeks Ago By ABMN Staff
Simon Property Group ( NYSE:SPG – Get Free Report ) had its price target dropped by research analysts at Scotiabank from $186.00 to $159.00 in a report issued on Wednesday, Benzinga reports.
The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target indicates a potential upside of 1.63% from the stock’s current price.
A number of other research firms have also recently weighed in on SPG. Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $175.00 to $205.
00 in a report on Wednesday, February 5th. Stifel Nicolaus raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $168.50 target price on the stock in a research report on Wednesday, April 9th.
StockNews.com cut shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Finally, Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $179.
00 to $198.00 in a report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company.
According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.39.
View Our Latest Stock Analysis on Simon Property Group Simon Property Group Trading Up 2.1 % Simon Property Group ( NYSE:SPG – Get Free Report ) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.
68 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $1.70.
Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%.
Analysts predict that Simon Property Group will post 12.54 EPS for the current fiscal year. Institutional Trading of Simon Property Group A number of large investors have recently modified their holdings of the stock.
Pitcairn Co. grew its stake in Simon Property Group by 0.6% during the 4th quarter.
Pitcairn Co. now owns 9,895 shares of the real estate investment trust’s stock worth $1,704,000 after purchasing an additional 55 shares in the last quarter. Colonial Trust Co SC grew its position in shares of Simon Property Group by 37.
5% during the fourth quarter. Colonial Trust Co SC now owns 209 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 57 shares in the last quarter. Childress Capital Advisors LLC increased its stake in shares of Simon Property Group by 3.
6% during the fourth quarter. Childress Capital Advisors LLC now owns 1,689 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 58 shares during the period. Global X Japan Co.
Ltd. raised its holdings in Simon Property Group by 9.9% in the fourth quarter.
Global X Japan Co. Ltd. now owns 655 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 59 shares in the last quarter.
Finally, HighPoint Advisor Group LLC lifted its stake in Simon Property Group by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,396 shares of the real estate investment trust’s stock worth $626,000 after acquiring an additional 60 shares during the last quarter.
Hedge funds and other institutional investors own 93.01% of the company’s stock. About Simon Property Group ( Get Free Report ) Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT).
Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets.
In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries. Featured Stories Receive News & Ratings for Simon Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group and related companies with MarketBeat.com's FREE daily email newsletter .
.
