Analyst Price Target Update on Simon Property Group (NYSE:SPG)

Simon Property Group (NYSE:SPG): The mean estimate for the short term price target for Simon Property Group (NYSE:SPG) stands at $223.07 according to 14 Analysts. The higher price target estimate for the stock has been calculated at $254 while the lower price target estimate is at $160.

Many analysts have stated their opinion on the company shares. Mizuho Securities initiates coverage on Simon Property Group (NYSE:SPG). The shares have now been rated Buy by the stock experts at the ratings house. Mizuho Securities announces the current price target of $233 per share on Simon Property Group . The rating by the firm was issued on April 13, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Simon Property Group Inc /De/, Hubbard Allan B, had purchased 136 shares in a transaction dated on April 28, 2016. The transaction was executed at $204.92 per share with total amount equaling $27,869.

Simon Property Group (NYSE:SPG) : On Monday heightened volatility was witnessed in Simon Property Group (NYSE:SPG) which led to swings in the share price. The stock opened for trading at $200.82 and hit $202.53 on the upside , eventually ending the session at $201.73, with a gain of 0.73% or 1.47 points. The heightened volatility saw the trading volume jump to 999,155 shares. The 52-week high of the share price is $214.8 and the company has a market cap of $62,419 million. The 52-week low of the share price is at $170.99 .

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *