In a report released yesterday, Juan C. Sanabria from BMO Capital maintained a Hold rating on Simon Property (SPG – Research Report), with a price target of $130.00. The company’s shares closed yesterday at $128.64.
According to TipRanks, C. Sanabria is an analyst with an average return of -1.8% and a 43.60% success rate. C. Sanabria covers the Financial sector, focusing on stocks such as Welltower, LTC Properties, and Sabra Healthcare REIT.
Currently, the analyst consensus on Simon Property is a Moderate Buy with an average price target of $131.00.
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SPG market cap is currently $48.58B and has a P/E ratio of 21.06.
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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® Reports Fourth Quarter and Full Year 2022 Results
- Simon Property put volume heavy and directionally bearish
- Simon Property Group Announces Reporting Information For 2022 Distributions
- Simon Property price target raised to $145 from $130 at Piper Sandler
- 3 Mall REITs That Outshine the Competition
