BMO Capital analyst Jeremy Metz maintained a Buy rating on Simon Property (SPG) yesterday and set a price target of $191. The company’s shares closed yesterday at $173.70.
According to TipRanks.com, Metz is a 1-star analyst with an average return of -0.7% and a 46.2% success rate. Metz covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Monmouth Real Estate Investment, and Retail Opportunity Investments.
Currently, the analyst consensus on Simon Property is a Moderate Buy with an average price target of $190.25, implying a 9.5% upside from current levels. In a report issued on April 15, Barclays also maintained a Buy rating on the stock with a $202 price target.
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Simon Property’s market cap is currently $53.68B and has a P/E ratio of 25.04. The company has a Price to Book ratio of 16.50.
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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.
