.png "Simon Property (NYSE: SPG)")
Mizuho Securities analyst Haendel St. Juste reiterated a Buy rating on Simon Property (NYSE: SPG) yesterday and set a price target of $188. The company’s shares opened today at $177.75, close to its 52-week high of $178.09.
According to TipRanks.com, Juste is a 1-star analyst with an average return of -1.0% and a 53.1% success rate. Juste covers the Financial sector, focusing on stocks such as General Growth Properties Inc, Spirit Realty Capital, and American Assets Trust.
Currently, the analyst consensus on Simon Property is a Strong Buy with an average price target of $184.75, representing a 3.9% 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 June 30, the company reported a quarterly net profit of $538 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.
