BMO Capital Sticks to Its Buy Rating for Simon Property


BMO Capital analyst Jeremy Metz maintained a Buy rating on Simon Property (NYSE: SPG) today and set a price target of $175. The company’s shares closed on Friday at $168.58.

According to TipRanks.com, Metz is a 1-star analyst with an average return of -2.3% and a 45.0% success rate. Metz covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Monmouth Real Estate ate, and DCT Industrial Trust Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Simon Property with a $183.75 average price target, representing an 9.0% upside. In a report issued on July 17, Barclays also maintained a Buy rating on the stock with a $192 price target.

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Based on Simon Property’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $486 million. In comparison, last year the company had a net profit of $378 million.

Based on the recent corporate insider activity of 22 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.

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