Simon Property Group (NYSE:SPG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.59 by 17 Brokerage Firm. 12 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Mizuho Securities initiates coverage on Simon Property Group (NYSE:SPG). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Mizuho Securities announces a current price target of $233 per share. The rating by the firm was issued on April 13, 2016.
Simon Property Group (NYSE:SPG): According to 14 Analysts, The short term target price has been estimated at $ 223.07.The target price could deviate by a maximum of $21.93 from the forecast price. In the near term, the target price could hit a high of $254 and a low of $ 160.
Simon Property Group (NYSE:SPG) rose 0.71% or 1.47 points on Tuesday and made its way into the gainers of the day. After trading began at $207.27 the stock was seen hitting $208.94 as a peak level and $207.01 as the lowest level. The stock ended up at $208.43. The daily volume was measured at 1,190,807 shares. The 52-week high of the share price is $214.8 and the 52-week low is $170.99. The company has a market cap of $64,492 million.
Shares of Simon Property Group Inc. rose by 2.77% in the last five trading days and 6.82% for the last 4 weeks. Simon Property Group Inc. is up 3.81% in the last 3-month period. Year-to-Date the stock performance stands at 9.02%.
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P. (Operating Partnership), is the Companys majority-owned partnership subsidiary that owns all of its real estate properties and other assets. The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. As of December 31, 2014, the Company owned or held an interest in 207 properties in the United States, which consisted of 109 malls, 68 Premium Outlets, 13 Mills, three community centers, and 14 other retail properties in 37 states and Puerto Rico. As of December 31, 2014, the Company had ownership interests in nine Premium Outlets in Japan, three Premium Outlets in South Korea, two Premium Outlets in Canada, one Premium Outlet in Mexico and one Premium Outlet in Malaysia. As of December 31, 2014, the Company had non-controlling ownership interests in five outlet properties in Europe.