Simon Property Group SPG has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 1 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $145.5, a high estimate of $172.00, and a low estimate of $128.00. This current average has increased by 6.99% from the previous average price target of $136.00.
Interpreting Analyst Ratings: A Closer Look
In examining recent analyst actions, we gain insights into how financial experts perceive Simon Property Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ki Bin Kim | Truist Securities | Raises | Hold | $139.00 | $128.00 |
| Caitlin Burrows | Goldman Sachs | Raises | Buy | $161.00 | $144.00 |
| Ronald Kamdem | Morgan Stanley | Raises | Equal-Weight | $143.00 | $132.00 |
| Alexander Goldfarb | Piper Sandler | Raises | Overweight | $172.00 | $148.00 |
| Ki Bin Kim | Truist Securities | Raises | Hold | $128.00 | $125.00 |
| Simon Yarmak | Stifel | Lowers | Buy | $130.00 | $139.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Simon Property Group. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Simon Property Group compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Simon Property Group's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Simon Property Group's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Simon Property Group analyst ratings.
About Simon Property Group
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.
Understanding the Numbers: Simon Property Group's Finances
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Simon Property Group showcased positive performance, achieving a revenue growth rate of 7.23% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Simon Property Group's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 42.11% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 20.69%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Simon Property Group's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.81%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 8.73, Simon Property Group faces challenges in effectively managing its debt levels, indicating potential financial strain.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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