Streetbeat News

SPG

Simon Property Group, Inc.

https://www.simon.com

Industry

REIT - Retail

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

Open

183.07

Mkt cap

59B

Volume

400K

High

183.96

P/E Ratio

24.17

52-wk high

183.96

Low

181.44

Div yield

0.04

52-wk low

119.92

Evercore ISI Group has upgraded Simon Property Group (NYSE:SPG) from In-Line to Outperform, raising the price target from $160 to $172.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 10:49 am

Over the past three months, analysts have shared varied opinions on Simon Property Group (NYSE:SPG), with most ratings being indifferent. The average 12-month price target has increased by 2.46% to $161.44. SPG has shown strong financial performance with a high net margin and ROE, but concerns arise due to its high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 12:00 pm

Stifel analyst Simon Yarmak has downgraded Simon Property Group (NYSE:SPG) from Buy to Hold, while slightly raising the price target from $157.5 to $159.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 10:49 am

Simon Property Group's short interest has increased by 7.08%, with 4.89 million shares sold short, representing 2.27% of its float. This is below the peer group average of 5.52%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 5:45 pm

Piper Sandler has downgraded Simon Property Group from Overweight to Neutral and reduced its price target from $190 to $175.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:52 am

Truist Securities has maintained a Hold rating on Simon Property Group (NYSE:SPG) while raising the price target from $147 to $158.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 5:39 pm

Evercore ISI Group has maintained an 'In-Line' rating for Simon Property Group (NYSE:SPG) and raised its price target from $157 to $160.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 5:18 pm

Analysts have recently updated their ratings for Simon Property Group (NYSE:SPG), with a mix of bullish and indifferent sentiments. The average 12-month price target has increased by 5.42% to $161.5. Analysts have raised their price targets, reflecting positive sentiment towards SPG's financial performance, despite challenges in debt management.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 6:01 pm

Scotiabank analyst Nicholas Yulico has maintained a 'Sector Perform' rating on Simon Property Group (NYSE:SPG) and increased the price target from $152 to $169.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 2:28 pm

Mizuho analyst Vikram Malhorta maintains a Neutral rating on Simon Property Group (NYSE:SPG) and raises the price target from $155 to $158.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:35 pm

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