Barclays analyst Ross L Smotrich maintained a Buy rating on Simon Property (NYSE: SPG) on October 12 and set a price target of $186. The company’s shares closed on Friday at $171.18.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.8% and a 62.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Safety Income & Growth Inc.
Simon Property has an analyst consensus of Strong Buy, with a price target consensus of $189.14, implying a 10.5% upside from current levels. In a report issued on October 5, J.P. Morgan also upgraded the stock to Buy with a $198 price target.
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The company has a one-year high of $186.03 and a one-year low of $145.78. Currently, Simon Property has an average volume of 1.41M.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock.
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Simon Property Group, Inc. operates as a self-administered and self-managed real estate investment trust. It owns, develops and manages retail real estate properties which primarily consist of regional malls, premium outlets and mills.
