Short interest for Simon Property Group gives investors a sense of the degree to which investors are betting on the decline of Simon Property Group's stock. Short interest data is updated every two weeks.

Simon Property Group Stock (NYSE:SPG), Short Interest Report

Simon Property Group

Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 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 $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.

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Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings from major large-cap companies.

US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What&#39;s Driving Markets Tuesday?

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Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings from <a href="https://www.benzinga.com/money/best-large-cap-stocks">major large-cap companies.</a>
Traders largely disregarded the latest hawkish comments from Minneapolis Fed President Neel Kashkari, who noted progress on inflation seen in the latter half of 2023 had stalled and mentioned the Federal Reserve might raise rates if inflation becomes persistent. 
Kashkari also revealed he initially predicted two rate cuts for the year, but now anticipated possibly maintaining two, or reducing to one or none by the June Summary of Economic Projections.
The S&amp;P 500 saw a modest increase of 0.2% around midday in New York, with similar gains in the tech-heavy Nasdaq 100 and the Dow Jones, all of which are poised for their fourth consecutive session of gains. The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), representing small caps, performed notably well, rising 0.8%.
Treasury yields declined slightly by about 6 basis points across various maturities from 5 to 30 years, with the 10-year benchmark decreasing to 4.4%, marking a fifth consecutive day of declines. This led to a continued rally in bonds, exemplified by a 1.1% increase in the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>).
In corporate news, chipmaker Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) saw its shares drop over 13% following weaker-than-expected guidance. Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) also fell sharply by over 10%, setting it on course for its worst performance day since November 2022.
In the cryptocurrency and precious metals markets, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remained stable at $63,800, while both gold and silver declined by 0.5%
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,072.99</td>
<td>0.7%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,193.42</td>
<td>0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,137.08</td>
<td>0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,914.33</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.3% to $518.80, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.6% to $389.01 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.3% to $441.54, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.1%, followed by the Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>), 1%. The Consumer Discretionary Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) was the major laggard, down 0.3%.
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul>
<li>Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) climbed over 5% amid rumors of a potential partnership with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).</li>
<li>Simon Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) rose over 3% after the company reported upbeat results during the previous quarter. On the other hand, Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) fell over 14% after posting mixed quarterly results</li>
<li>Other stocks reacting to earnings were GlobalFoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) up over 8%, Vertex Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>), Datadog Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) down over 10%, Duke Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) up 1%, Transdigm Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>) down 2%, DBA Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) down 0.4%, Kenvue Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) up 5%, Rockwell Automation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) up 1%, Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) down 1%, Williams Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>) up 0.8%, Fidelity National Information Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) and Axon Enterprise Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) down 4%.</li>
<li>Companies reporting after the close include Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>), Luminar Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>), Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>), Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), Reddit, Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) and Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).</li>
</ul>
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38670071/nvidia-is-de-facto-ai-standard-for-the-foreseeable-future-goldman-sachs-analyst-rev">Nvidia Is &#8216;De Facto AI Standard For The Foreseeable Future&#8217;: Goldman Sachs Analyst Revises Share Price Expectations</a>
Photo: Shutterstock

US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What's Driving Markets Tuesday?

WIIM

Simon Property Group shares are trading higher following Q1 financial results.

2024 Guidance The Company currently estimates net income to be within a range of $7.38 to $7.53 per diluted share and FFO to be within a range of $12.75 to $12.90 per diluted share for the year ending December 31, 2024.&nbsp; &nbsp;&nbsp;
The following table provides the GAAP to non-GAAP reconciliation for the expected range of estimated net income attributable to common stockholders per diluted share to FFO per diluted share:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">For the year ending December 31, 2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Low&nbsp; &nbsp;</td>
<td colspan="1" rowspan="1">High</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">End&nbsp; &nbsp;</td>
<td colspan="1" rowspan="1">End</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Estimated net income attributable to common stockholders</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;&nbsp;&nbsp;&nbsp; per diluted share</td>
<td colspan="1" rowspan="1">$7.38</td>
<td colspan="1" rowspan="1">$7.53</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Depreciation and amortization including Simon's share</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;&nbsp;&nbsp;&nbsp; of unconsolidated entities</td>
<td colspan="1" rowspan="1">5.40</td>
<td colspan="1" rowspan="1">5.40</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gain on acquisition of controlling interest, sale or</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;&nbsp;&nbsp;&nbsp; disposal of, or recovery on, assets and interest in</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;&nbsp;&nbsp;&nbsp; unconsolidated entities and impairment, net &nbsp;</td>
<td colspan="1" rowspan="1">(0.03)</td>
<td colspan="1" rowspan="1">(0.03)</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Estimated FFO per diluted share &nbsp;</td>
<td colspan="1" rowspan="1">$12.75</td>
<td colspan="1" rowspan="1">$12.90</td>
</tr>
</tbody>
</table>
</figure>

News

Guidance

Simon Sees Estimates Net Income To Be Within A Range Of $7.38-$7.53 Per Diluted Share And FFO To Be Within A Range Of $12.75-$12.90 Per Diluted Share For The Year Ending December 31, 2024.

Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) reported quarterly earnings of $3.56 per share. This is a 29.93 percent increase over earnings of $2.74 per share from the same period last year. The company reported quarterly sales of $1.44 billion which beat the analyst consensus estimate of $1.29 billion by 11.83 percent. This is a 6.78 percent increase over sales of $1.35 billion the same period last year.

Earnings

Earnings Beats

Simon Property Group Q1 FFO $3.56 Up From $2.74 YoY, Sales $1.44B Beat $1.29B Estimate

Retail real estate investment trusts (REITs) specialize in owning and managing retail properties, including shopping centers, malls, strip malls, and other retail spaces. Retail REITs generate revenue through leasing space to retailers, making them a popular choice for investors seeking income.
As is the case with all REITs, retail REITs are required to distribute a significant portion of their income to shareholders in the form of dividends, making them a popular choice for investors seeking income.
Here are two retail REITs with yields over 5% that you could buy today.
<h2 class="wp-block-heading">Realty Income</h2>
Realty Income (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>) is the 5th largest global REIT with a portfolio of more than 15,450 commercial properties totaling approximately 272 million square feet. Its largest tenants include Dollar General, Walgreens, Dollar Tree, 7-Eleven, FedEx, CVS, Walmart, and Tractor Supply.
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Realty Income currently pays a monthly dividend of $0.257, equating to an annualized dividend of $3.084 per share and giving its stock a yield of about 5.7% at the time of this writing. 
In addition to offering a high yield, Realty Income is a dividend aristocrat. It has raised its annual dividend for 29 consecutive years, including 105 consecutive quarterly increases, and it's currently on track for 2024 to mark the 30th consecutive year with an increase.
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<h2 class="wp-block-heading">Simon Property Group, Inc.</h2>
Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) owns and operates more than 250 premier shopping, dining, entertainment and mixed-use properties across North America, Europe, and Asia, including properties in the top 25 U.S. markets based on population. Its properties are home to more than 3,000 market-leading brands, including Gap, Abercrombie &amp; Fitch, American Eagle Outfitters, Dick's Sporting Goods, and Lululemon.
Simon currently pays a quarterly dividend of $1.95 per share, equating to an annualized dividend of $7.80 per share, which gives its stock a yield of about 5.4% at the time of this writing. 
Like Realty Income, Simon has shown a dedication to growing its dividend, but its track record is not nearly as impressive. Simon has raised its dividend each of the last two years, and its 2.6% hike in February has it on track for 2024 to mark the third consecutive year with an increase.
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Image Credit: Shutterstock

Simon Property Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) short percent of float has risen 14.35% since its last report. The company recently reported that it has 4.63 million shares sold short, which is 2.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.13 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Simon Property Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713798918_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Simon Property Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Simon Property Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Simon Property Group's peer group average for short interest as a percentage of float is 5.32%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Simon Property Group's Recent Short Interest

Recent unexpected strength in the March Consumer Price Index (CPI) and retail sales report shook the bond market this past week, triggering a sell-off in interest-rate sensitive stocks such as real estate investment trusts (REITs).
The Vanguard Real Estate Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>) sank 6.5% from $85.97 to $80.32 over the past four trading days as of April 17, 2024. REITs across several different sub-sectors, such as Prologis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>), SL Green Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>), Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) and Equinix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>) sold off between 5% to 8% over the same timeframe.
Not all REITs have suffered a decline. A handful have performed well during this short but volatile period and could continue outperforming other REITs should the market continue its decline. Take a look at four that bear watching.
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Medical Properties Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) is a Birmingham, Alabama-based healthcare REIT that owns and operates 439 general acute care and other properties across the U.S. and nine other countries, with locations in Europe and Australia. Its total portfolio before the sale was $18.3 billion, with about two-thirds of those general acute care hospitals in the U.S.
Two positive events over the past week have boosted Medical Properties Trust. On April 12, Medical Properties Trust announced it would pay a quarterly cash dividend of $0.15 per share on May 1 to shareholders of record on April 22. This will be the second dividend paid since the dividend was cut last September from $0.29 to $0.15 per share.
After the closing bell on April 12, Medical Properties Trust announced that it sold its majority interest in five Utah hospitals to an unnamed investment fund.
The sale was to a new joint venture, with the investment fund buying 75% of the portfolio for $886 million and MPW retaining a 25% interest. Simultaneous with the closing, the venture placed new non-recourse secured financing, providing $190 million of additional cash to MPW. The two transactions combined will provide MPW with approximately $1.1 billion in cash for reducing outstanding debt, including a $300 million Australian term loan that matures this year.
On April 15, the first trading day following the announcement, Medical Properties jumped 18.80%. Over the last five trading days, Medical Properties Trust has gained 15.89%.
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NewLake Capital Partners Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NLCP#OTC">NLCP</a>) is a New Canaan, Connecticut internally managed specialized industrial REIT with 31 properties of 1.7 million square feet across 12 states. NewLake Capital Partners specializes in triple-net leases to cannabis companies and provides capital to them when necessary.&nbsp;&nbsp;
NewLake was founded in 2019 and had its IPO in August 2021. Its tenants include the largest companies in the cannabis industry, such as Curaleaf, Cresco Labs and Trulieve. As of March 2024, it had a 100% occupancy rate, with an average of 14.3 years remaining on its lease terms and 2.6% annual rent escalations on 15- to 20-year lease terms.&nbsp;&nbsp;
On March 11, NewLake announced its Q4 operating results. Funds from operation (FFO) of $0.51 beat the estimate of $0.45 and its FFO of $0.48 in Q4 2022. Revenue of $13.02 million beat the estimate of $11.41 million and topped Q4 2022 revenue of $12.18 million.
On March 11, Newlake Capital Partners raised its quarterly dividend from $0.40 per share to $0.41 per share. The $1.64 annualized dividend yields 8.93%.
On April 2, the Florida Supreme Court approved an initiative to legalize recreational marijuana in Florida through a referendum on the November ballot. This move could benefit NewLake, as it has one Florida property leased to Curaleaf Holdings and has several other tenants with Florida locations.&nbsp;&nbsp;&nbsp;
Over the past five trading days, NewLake Capital Partners has gained 4.46%. Investors should remember that an OTC stock with a market cap of only $388.79 million and an average daily volume of about 49,000 shares can be volatile.
Centerspace — INVESTORS REAL ESTATE TRUST REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSR#NYSE">CSR</a>) — is a Minot, North Dakota-based residential REIT focused on the ownership, management, acquisition and redevelopment of apartment buildings. Its portfolio covers 70 apartment complexes with 12,883 apartments across the Midwestern and Mountain states of Colorado, Minnesota, Montana, Nebraska, North Dakota and South Dakota. As of February 2024, Centerspace had an occupancy rate of 94.3%. 
On February 20, Centerspace announced its Q4 operating results. FFO of $1.22 beat the consensus estimate of $1.11, and revenue of $64.07 million also beat the consensus estimate of $63.99 million.
Centerspace announced its Board of Trustees approved a quarterly dividend of $0.75 per share, payable on April 8 to common shareholders at the close of business on March 28. The dividend is an increase from $0.73 per share. The annualized dividend of $3 presently yields 5.25%.&nbsp;
On April 8, Centerspace announced it would release its first quarter operating results on April 29. Centerspace has gained 4.06% over the past five trading days as of April 16, 2024.
Acadia Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKR#NYSE">AKR</a>) is a Rye, New York-based retail REIT with 190 properties across centralized urban areas in 22 states and Washington, D.C.&nbsp;
On April 5, BOA Securities analyst Craig Schmidt upgraded Acadia Realty Trust from Neutral to Buy and raised the price target by 11.1% from $18 to $20.
On April 15, Acadia announced it closed on an expansion of its $750 million senior unsecured revolving credit and term loan facility. The credit facility now matures on April 15, 2028, but has two six-month extension options.&nbsp;
Acadia has gained 2.50% over the past five trading days. Acadia will announce its Q1 2024 earnings on April 29.
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EPRT

FCPT

IIPR

RDFN

TRNO

WELL

Shares of REITs are trading lower as Treasury yields rise following March inflation data. A rise in yields has pressured income-paying stocks.

Investors with a lot of money to spend have taken a bearish stance on Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with SPG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Simon Property Group.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 87%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $274,385, and there was 1 call, for a total amount of $28,300.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $160.0 to $160.0 for Simon Property Group during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Simon Property Group stands at 67.67, with a total volume reaching 571.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Simon Property Group, situated within the strike price corridor from $160.0 to $160.0, throughout the last 30 days.
<h3>Simon Property Group Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712259988_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$12.1</td>
<td>$11.7</td>
<td>$11.87</td>
<td>$160.00</td>
<td>$49.8K</td>
<td style="text-align: right;">176</td>
<td style="text-align: right;">126</td>
</tr>
<tr>
<td>SPG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$12.8</td>
<td>$12.5</td>
<td>$12.5</td>
<td>$160.00</td>
<td>$48.7K</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">158</td>
</tr>
<tr>
<td>SPG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$12.1</td>
<td>$11.6</td>
<td>$11.85</td>
<td>$160.00</td>
<td>$39.1K</td>
<td style="text-align: right;">176</td>
<td style="text-align: right;">54</td>
</tr>
<tr>
<td>SPG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$12.8</td>
<td>$12.3</td>
<td>$12.8</td>
<td>$160.00</td>
<td>$38.4K</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>SPG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$12.8</td>
<td>$12.5</td>
<td>$12.8</td>
<td>$160.00</td>
<td>$37.1K</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">79</td>
</tr>
</tbody>
</table>

<h3>About Simon Property Group</h3>
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 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 $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.
<h3>Where Is Simon Property Group Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 536,632, with SPG's price up by 0.85%, positioned at $151.02.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 26 days.</li>
</ul>
<h3>What Analysts Are Saying About Simon Property Group</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $147.0.
<ul>
<li>Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Simon Property Group with a target price of $147. </li>
<li>An analyst from Truist Securities has decided to maintain their Hold rating on Simon Property Group, which currently sits at a price target of $147. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Simon Property Group options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Market Whales and Their Recent Bets on SPG Options

Financial giants have made a conspicuous bullish move on Simon Property Group. Our analysis of options history for Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $529,232, and 2 were calls, valued at $79,410.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $160.0 for Simon Property Group during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Simon Property Group stands at 342.8, with a total volume reaching 2,243.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Simon Property Group, situated within the strike price corridor from $150.0 to $160.0, throughout the last 30 days.
<h3>Simon Property Group Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711389658_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$150.00</td>
<td>$125.8K</td>
<td style="text-align: right;">930</td>
<td style="text-align: right;">637</td>
</tr>
<tr>
<td>SPG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$155.00</td>
<td>$53.5K</td>
<td style="text-align: right;">83</td>
<td style="text-align: right;">6</td>
</tr>
<tr>
<td>SPG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$160.00</td>
<td>$52.3K</td>
<td style="text-align: right;">57</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>SPG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$155.00</td>
<td>$51.8K</td>
<td style="text-align: right;">123</td>
<td style="text-align: right;">245</td>
</tr>
<tr>
<td>SPG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$155.00</td>
<td>$51.8K</td>
<td style="text-align: right;">123</td>
<td style="text-align: right;">184</td>
</tr>
</tbody>
</table>

<h3>About Simon Property Group</h3>
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 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 $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.
In light of the recent options history for Simon Property Group, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Simon Property Group</h3>
<ul>
<li>With a volume of 394,857, the price of SPG is up 0.37% at $152.42. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 36 days.</li>
</ul>
<h3>What The Experts Say On Simon Property Group</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $147.25.
<ul>
<li>An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Simon Property Group, which currently sits at a price target of $150. </li>
<li>Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Simon Property Group with a target price of $147. </li>
<li>An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Simon Property Group, which currently sits at a price target of $145. </li>
<li>Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Simon Property Group with a target price of $147. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Simon Property Group, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Looking At Simon Property Group's Recent Unusual Options Activity

Ratings for Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $145.6, with a high estimate of $150.00 and a low estimate of $139.00. Surpassing the previous average price target of $138.20, the current average has increased by 5.35%.
<img src="https://www.benzinga.com/files/images/story/2024/1711389628_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of Simon Property Group's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$147.00</td>
<td>$139.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$147.00</td>
<td>$139.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$150.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Ronald Kamdem</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$145.00</td>
<td>$143.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$139.00</td>
<td>$128.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Simon Property Group. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Simon Property Group compared to the broader market.</li>
<li>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.</li>
</ul>
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.
<a href="https://www.benzinga.com/quote/SPG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Simon Property Group analyst ratings.</a>
<h2>All You Need to Know About Simon Property Group</h2>
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 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 $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.
<h3>Financial Milestones: Simon Property Group's Journey</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Positive Revenue Trend: Examining Simon Property Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.11% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher 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 48.94% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Simon Property Group's ROE stands out, surpassing industry averages. With an impressive ROE of 25.37%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Simon Property Group's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.22% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 8.89, caution is advised due to increased financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Forecasting The Future: 5 Analyst Projections For Simon Property Group

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Stephens &amp; Co. cut the price target for Centene Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnc#NYSE">CNC</a>) from $92 to $85. Stephens &amp; Co. analyst Scott Fidel downgraded the stock from Overweight to Equal-Weight. Centene shares fell 0.3% to close at $76.93 on Friday. <a href="https://www.benzinga.com/quote/CNC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities boosted the price target for Simon Property Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spg#NYSE">SPG</a>) from $139 to $147. Truist Securities analyst Ki Bin Kim maintained a Hold rating. Simon Property shares fell 2.5% to close at $151.86 on Friday. <a href="https://www.benzinga.com/quote/SPG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital increased FactSet Research Systems Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fds#NYSE">FDS</a>) price target from $447 to $458. BMO Capital analyst Jeffrey Silber maintained a Market Perform rating. FactSet Research shares fell 0.7% to close at $447.46 on Friday. <a href="https://www.benzinga.com/quote/FDS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for GoDaddy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gddy#NYSE">GDDY</a>) from $130 to $150. Baird analyst Vikram Kesavabhotla maintained an Outperform rating. GoDaddy shares gained 1.1% to close at $121.62 on Friday. <a href="https://www.benzinga.com/quote/GDDY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised Masimo Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/masi#NASDAQ">MASI</a>) price target from $125 to $148. Stifel analyst Rick Wise maintained a Hold rating. Masimo shares rose 1.4% to close at $134.93 on Friday. <a href="https://www.benzinga.com/quote/MASI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group boosted the price target for Foot Locker, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fl#NYSE">FL</a>) from $28 to $32. Evercore ISI Group analyst Michael Binetti upgraded the stock from In-Line to Outperform. Foot Locker shares gained 3.1% to close at $24.39 on Friday. <a href="https://www.benzinga.com/quote/FL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo increased Citigroup Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>) price target from $70 to $80. Wells Fargo analyst Mike Mayo maintained an Overweight rating. Citigroup shares fell 0.8% to close at $60.82 on Friday. <a href="https://www.benzinga.com/quote/C/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays boosted The Walt Disney Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>) price target from $95 to $135. Barclays analyst Kannan Venkateshwar upgraded the stock from Equal-Weight to Overweight. Disney shares fell 0.7% to close at $115.87 on Friday. See how other analysts view this stock.</li>
<li>JP Morgan raised monday.com Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mndy#NASDAQ">MNDY</a>) price target from $230 to $270. JP Morgan analyst Pinjalim Bora maintained an Overweight rating. monday.com shares fell 0.6% to close at $228.00 on Friday. <a href="https://www.benzinga.com/quote/MNDY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital raised Tempur Sealy International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tpx#NYSE">TPX</a>) price target from $50 to $75. Loop Capital analyst Laura Champine upgraded the stock from Hold to Buy. Tempur Sealy shares fell 2.1% to close at $54.89 on Friday. <a href="https://www.benzinga.com/quote/TPX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Price Target

GDDY

MASI

MNDY

Disney To Rally Around 17%? Here Are 10 Top Analyst Forecasts For Monday

Truist Securities analyst Ki Bin Kim maintains Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) with a Hold and raises the price target from $139 to $147.

Truist Securities Maintains Hold on Simon Property Group, Raises Price Target to $147

Simon Property Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) short percent of float has risen 3.87% since its last report. The company recently reported that it has 4.51 million shares sold short, which is 1.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.94 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Simon Property Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710519316_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Simon Property Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Simon Property Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Simon Property Group's peer group average for short interest as a percentage of float is 5.41%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Retail real estate investment trusts (REITs) specialize in owning and managing retail properties, including shopping centers, malls, strip malls, and other retail spaces. Retail REITs generate revenue through leasing space to retailers, making them a popular choice for investors seeking income.
As is the case with all REITs, retail REITs are required to distribute a significant portion of their income to shareholders in the form of dividends, making them a popular choice for investors seeking income.
Here are two retail REITs with yields up to 6.4% that you could buy today.
<h2 class="wp-block-heading">Saul Centers</h2>
Saul Centers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFS#NYSE">BFS</a>) owns and manages a portfolio of <a href="https://ir.saulcenters.com/investor-relations/default.aspx">61 commercial properties</a>, including 50 community and neighborhood shopping centers, seven mixed-use properties, and four development properties, containing approximately 9.8 million square feet. The majority of its properties are located in the metropolitan Washington, D.C. and Baltimore area.
Saul Centers currently pays a quarterly dividend of $0.59 per share, equating to an annualized dividend of $2.36 per share and giving its stock a yield of about 6.4% at the time of this writing. The company has also raised its annual dividend payment nine times in the last 10 years, making it both a high-yield and dividend-growth play.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.</a></li>
</ul>
<h2 class="wp-block-heading">Simon Property Group, Inc.</h2>
Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) owns and operates more than 250 shopping centers across North America, Europe, and Asia, including properties in the top 25 U.S. markets based on population. Its properties are home to more than 3,000 leading brands, including Dick's Sporting Goods, Gap, Lululemon, Macy's, Neiman Marcus, and Tiffany &amp; Co.
Simon Property currently pays a quarterly dividend of $1.95 per share, equating to an annualized dividend of $7.80 per share and giving its stock a yield of about 5.1% at the time of this writing. The company has also raised its dividend each of the last two years, and its hike last month has it on track for 2024 to mark the third consecutive year with an increase.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Shutterstock<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"></a>

2 Retail REITs With Yields Up to 6.4%

Abercrombie &amp; Fitch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) has been one of the market's best performing stocks over the last year, rallying more than 330% at the time of this writing.
While its performance has been nothing short of impressive, it's off-limits for dividend and income investors as it does not pay a dividend.
However, there&#8217;s a hack you can use to earn a 5.3% dividend yield, and that&#8217;s by investing in one of its largest landlords.
Let&#8217;s dig in.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.</a></li>
</ul>
<h2 class="wp-block-heading">Simon Property Group, Inc.</h2>
Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) owns and operates more than 250 shopping centers across North America, Europe, and Asia, including properties in the top 25 U.S. markets based on population. Its properties are home to more than 3,000 market-leading brands, including Abercrombie &amp; Fitch, as well as Gap, Dick's Sporting Goods, American Eagle Outfitters, Victoria's Secret, and Lululemon.
So, by owning Simon Property Group, you can generate dividend income that is partially attributable to Abercombie &amp; Fitch.
Simon Property Group currently pays a quarterly dividend of $1.95 per share, equating to an annualized dividend of $7.80 per share and giving it a yield of about 5.3% today.
Simon Property Group has also raised its annual dividend each of the last two years, and its 2.6% hike last month has it on track for 2024 to mark the third consecutive year with an increase.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Shutterstock<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"></a>

Earn a 5.3% Yield from Abercrombie & Fitch Using This Hack

Evercore ISI Group analyst Steve Sakwa maintains Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) with a In-Line and raises the price target from $142 to $150.

Evercore ISI Group Maintains In-Line on Simon Property Group, Raises Price Target to $150

It's always interesting to see the nuances of consistency when analysts raise price targets on stocks. Often, they will increase price targets on groups of stocks in a certain sector. Sometimes an analyst will announce price hikes that are similar to one or two other analysts from the same firm on the same day. Is that a coincidence? It doesn't seem to be.
For example, on Feb. 26, three Morgan Stanley analysts maintained Equal-Weight ratings on six different REITs, while raising the price targets on all of them. Take a look at the similar conclusions the three analysts reached on all six.
Mid-America Apartment Communities Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) is a self-administered residential REIT that specializes in purchasing and leasing apartment complexes. As of Dec. 31, it owns 102,662 units in 276 communities across 16 states and Washington, D.C. Most of Mid-America Apartment Communities' properties are in the Southeast, Southwest and Mid-Atlantic states.
Mid-America Apartment Communities is a member of the S&amp;P 500 and has been a public company for almost 30 years. The Atlanta and Dallas areas comprise over 22% of its same-store net operating income. Mid-America has paid 119 consecutive quarterly cash dividends since its initial public offering (IPO) in 1994. At the end of the third quarter, same-store occupancy was 95.6%.
On Feb. 26, Morgan Stanley analyst Adam Kramer maintained Mid-America Apartment Communities with an Equal-Weight rating and raised the price target from $128 to $129.50.
Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is a Chicago-based REIT that owns or invests in 305 apartment buildings with 80,683 units, located in larger and more affluent cities such as Boston, New York, Washington D.C, Seattle, San Francisco and Denver. Its third-quarter occupancy rate was 96%. Equity Residential has been a member of the S&amp;P 500 since 2001.
Kramer also maintained Equity Residential with an Equal-Weight rating and raised the price target from $58 to $64.
Camden Property Trust&nbsp; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPT#NYSE">CPT</a>) is a Houston-based residential REIT that owns and manages over 240,000 square feet of apartment complexes in major cities across the U.S. Some of its apartment complexes also contain ground-floor retail space, offices or mixed-use space. It's a member of the S&amp;P 500 and had its IPO in 1993. At the end of the third quarter, its occupancy level was 95.6%, down from 96.6% one year earlier.
Kramer remained consistent, maintaining Camden Property Trust with an Equal-Weight rating and raising the price target from $95 to $98.
Essex Property Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) is a San Mateo, California-based residential REIT that acquires, develops and manages multifamily apartment communities on the West Coast of the U.S. Its portfolio includes 252 apartment communities, with approximately 62,000 apartment units in eight California and Washington state markets.
Essex was founded in 1971 and had its IPO in 1994 at $19.50 per share. It's been a member of the S&amp;P 500 since 2014 and is an S&amp;P Dividend Aristocrat with 30 years of increasing cash dividends.
Kramer maintained Essex Property Trust with an Equal-Weight rating and raised the price target from $227 to $230.
Simon Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) is an Indianapolis-based retail REIT that owns and leases over 250 properties, consisting of shopping malls, restaurants, outlet centers and entertainment venues. It has locations in the top 25 population markets across the U.S. Simon Property Group was founded in 1960 and launched its IPO in 1993. The occupancy rate for its U.S. malls and premium outlets at the end of the fourth quarter was 95.8%, up from 94.9% in the fourth quarter of 2022
On Feb. 5, Simon Property Group reported its fourth-quarter operating results. FFO of $3.69 per share easily beat the consensus estimate of $3.34. Revenue of $1.53 billion was ahead of estimates of $1.36 billion by 12.38% and was a 9.07% increase over fourth-quarter 2022 revenue of $1.4 billion.
Simon followed this up by raising its quarterly dividend from $1.90 to $1.95, the third dividend raise over the past year, and by announcing a new $2 billion common stock repurchase program over the next 24 months, another sign of optimism. This repurchase program replaces the previous $1.7 billion program that was to expire on May 16.
On Feb. 26, Morgan Stanley analyst Ron Kamdem maintained Simon Property Group with an Equal-Weight rating and raised the price target from $143 to $145.
Lamar Advertising Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAMR#NASDAQ">LAMR</a>) is a Baton Rouge, Louisiana-based specialty REIT, founded in 1902 that owns and leases 363,000 displays throughout the U.S. and Canada, including digital and print billboards, interstate logos and airport advertising formats. Lamar Advertising and Outfront Media Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUT#NYSE">OUT</a>) are the only two REITs exclusively devoted to billboard and display advertising.
On Feb. 26, Morgan Stanley analyst Benjamin Swinburne maintained Lamar Advertising with an Equal-Weight rating and raised the price target from $105 to $110.
All in all, it was quite a busy morning for Morgan Stanley.
Explore Opportunities Beyond REITs
While publicly traded REITs offer a convenient way to invest in real estate, we believe that some of the most compelling opportunities lie in the private market. Benzinga's <a href="https://www.benzinga.com/alternative-investments/real-estate">real estate offering screener</a> features a curated selection of private market real estate offerings from trusted platforms with a track record of strong returns.
Whether you&#8217;re an accredited or non-accredited investor, you can filter opportunities based on your investment criteria, including minimum investment, property type and target return. These offerings provide a unique chance to diversify your portfolio and tap into potential high-yield investments that are not available on public exchanges.
<a href="https://www.benzinga.com/alternative-investments/real-estate">Browse offerings</a>
Latest Private Market Offerings
<ul>
<li><a href="https://www.benzinga.com/alternative-investments/listing/horizon-village">Horizon Village</a>: Grocery-anchored shopping center located in Phoenix, AZ, with a target return of 12%.</li>
<li><a href="https://www.benzinga.com/alternative-investments/listing/gold-leaf-farming-lp">Golden Leaf Farming LP</a>: Top-tier almond and pistachio farms with a target cash yield of 13.8%</li>
</ul>

LAMR

Morgan Stanley Raises Price Targets On A Half Dozen REITs

Following Donald Trump&#8217;s success in the Michigan Primary, the investment community is closely monitoring market trends, anticipating the potential impacts of his political success. Trump&#8217;s track record in business and the anticipated direction of his policies are of particular interest, especially concerning the real estate sector. Certain Real Estate Investment Trusts (REITs) are in a prime position to capitalize on the economic and regulatory shifts that may come with Trump&#8217;s ongoing political role. Highlighted below are three REITs worth considering, each poised to potentially benefit from the developments tied to Trump&#8217;s political activities.&nbsp;
<h2 class="wp-block-heading">Simon Property Group</h2>
Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>), offering a dividend of 5%, is the largest shopping mall operator in the United States. Its portfolio includes premier shopping, dining, entertainment, and mixed-use destinations. The company specializes in high-end malls and premium outlets, catering to a broad consumer and retailer base. Policies under Trump&#8217;s administration aimed at strengthening domestic businesses and consumer spending could benefit SPG directly. Tax cuts, deregulation, and efforts to boost consumer confidence might lead to increased retail sales, driving higher foot traffic to Simon&#8217;s properties. Furthermore, SPG&#8217;s focus on redeveloping its properties to offer more than just retail—by incorporating dining, entertainment, and lifestyle amenities—aligns well with evolving consumer preferences and could capitalize on the broader economic uplift. 
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
</ul>
<h2 class="wp-block-heading">Vornado Realty Trust</h2>
Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) boasts a significant presence in office and retail real estate, predominantly in New York City and Chicago. Its portfolio is deeply invested in high-demand urban centers, which are sensitive to business environment fluctuations. Trump's policies, potentially including business tax incentives and infrastructure enhancement initiatives, could spur economic growth, especially in these metropolitan areas. Vornado's strategic investments in office spaces may experience heightened demand as businesses look to expand or relocate, leveraging potential tax benefits or regulatory reforms. Moreover, the company's prime urban retail spaces could gain from increased consumer spending and revitalized urban development efforts
<h2 class="wp-block-heading">American Tower Corporation</h2>
American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>), providing a 4% dividend, stands as a global leader in wireless and broadcast communications infrastructure ownership and operation. The company leases space on its multi-tenant towers to various wireless service providers, broadcasters, and other clients. Trump&#8217;s focus on enhancing America&#8217;s infrastructure, including advanced telecommunications networks, positions AMT to benefit significantly. Supportive policies for the swift deployment of 5G technology and telecommunications framework enhancements could boost demand for AMT's services. With over 40,000 sites in the United States, the company's extensive infrastructure is vital for the growing needs of wireless communications, positioning it to benefit from technological upgrades and infrastructure improvements
Investing in these REITs could offer a strategic avenue to tap into the potential economic shifts associated with Trump&#8217;s political influence, especially following his Michigan Primary win. As his policies and administration&#8217;s directives unfold, the real estate sector might experience significant transformations, potentially benefiting these strategically positioned REITs. Investors looking to leverage the intertwining of politics and real estate markets may find valuable opportunities in these companies, combining the stability of real estate investments with the dynamic changes of the current political landscape.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image credit: Shutterstock

Donald Trump Takes Michigan: How His Victory Could Transform These Three REITs

Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $148.0, with a high estimate of $172.00 and a low estimate of $128.00. This current average reflects an increase of 8.29% from the previous average price target of $136.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1708974080_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
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.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ronald Kamdem</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$145.00</td>
<td>$143.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$139.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Caitlin Burrows</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$161.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Ronald Kamdem</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$143.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$172.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$128.00</td>
<td>$125.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>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.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Simon Property Group compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Simon Property Group's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Simon Property Group's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SPG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Simon Property Group analyst ratings.</a>
<h2>Discovering Simon Property Group: A Closer Look</h2>
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.
<h3>Unraveling the Financial Story of Simon Property Group</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Simon Property Group's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 9.11%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 48.94%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Simon Property Group's ROE excels beyond industry benchmarks, reaching 25.37%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.22%, the company showcases effective utilization of assets.
Debt Management: Simon Property Group's debt-to-equity ratio is notably higher than the industry average. With a ratio of 8.89, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Simon Property Group Analyst Ratings

Compass Point analyst Floris van Dijkum reiterated a Buy rating on Simon Property (SPG – Research Report) today and set a price target of $180.00. ...

Compass Point Sticks to Their Buy Rating for Simon Property (SPG)

Stifel Nicolaus analyst Simon Yarmak maintained a Buy rating on Simon Property (SPG – Research Report) today and set a price target of $152.00. The...

Simon Property (SPG) Receives a Buy from Stifel Nicolaus

Analysts have been eager to weigh in on the Real Estate sector with new ratings on Apple Hospitality REIT (APLE – Research Report), Simon Property ...

Analysts Offer Insights on Real Estate Companies: Apple Hospitality REIT (APLE), Simon Property (SPG) and Vornado Realty (VNO)

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Simon Property Group Q1 Results: A 'Hold' Due To Its Premium Valuation

Why I'm Buying These 2 REITs Hand Over Fist

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The real estate investment trust (<a href="https://investorplace.com/stock-quotes/reit-stock-quote/">REIT</a>) universe could be worth monitoring this summer as investors hope for the Federal Reserve to deliver the first interest rate cut. Undoubtedly, there&rsquo;s a lot more to REITs than just where interest rates are headed next. In this piece, we&rsquo;ll check in with three intriguing REITs that have been taking steps to improve upon aspects within their control.



Undoubtedly, higher rates are a negative for many firms, including the REITs. But at the end of the day, you can&rsquo;t control what Fed Chairman Jerome Powell does next. The best REITs to buy on weakness, I believe, have plans to improve, regardless of how the macro conditions fare. While it&rsquo;s impossible to escape the pull of such headwinds completely, it is possible to navigate them gracefully en route to a future pivot.



Here are three REITs on the top of my income-focused watchlist for May 2024.



<h2>American Tower (AMT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/amt-1600-300x169.png" alt="American Tower Corporation logo on a smartphone with the website in the background on a computer screen. AMT stock."><div>Source: T. Schneider / Shutterstock</div></div>American Tower (NYSE:<a href="https://investorplace.com/stock-quotes/amt-stock-quote/">AMT</a>) shares have been quite the dud so far in 2024, now down 17% year to date. With the cell tower REIT at risk of revisiting last year&rsquo;s multi-year lows, investors may be wondering if it&rsquo;s time to throw in the towel. Now that shares have shed over 40% from all-time highs, I&rsquo;m inclined to give AMT stock the benefit of the doubt.



Further, after the recent Raymond James upgrade over its <a href="https://seekingalpha.com/news/4097284-american-tower-inches-higher-after-raymond-james-upgrades-growth-prospects?source=apple_news%253Anews">growth profile,</a> American Tower stands out as one of the most intriguing REITs to scoop up in May. As a part of the upgrade, Raymond James noted that American Tower was &ldquo;primed for the best growth&rdquo; of its peer group &ldquo;over the next three years.&rdquo;



With a nice 3.63% yield and substantial ground to recover, the $83.4 billion tower REIT certainly stands out as an impressive pick for income-focused investors.



<h2>Crown Castle International (CCI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/REIT1600-300x169.jpg" alt="a businessperson holds an imaginary blueprint of a house"><div>Source: Shutterstock</div></div>Crown Castle International (NYSE:<a href="https://investorplace.com/stock-quotes/cci-stock-quote/">CCI</a>) is another cell tower REIT worth considering this May. Though its growth prospects may not be as impressive as American Tower&rsquo;s, CCI shares have more yield (6.53% at writing) and a seemingly cheaper multiple. Indeed, value and income are the main draws to Crown Castle. But are these attractions enough to forgive the REIT&rsquo;s relative growth shortcomings?



Crown Castle&rsquo;s latest <a href="https://investor.crowncastle.com/news-releases/news-release-details/crown-castle-reports-first-quarter-2024-results-and-maintains">first quarter</a> was in line with expectations. Nothing truly impressive, but really nothing to hit the sell button over, either.



Now down 54% from its all-time highs, Crown Castle stands out as deeply undervalued, with potentially sizeable upside once the Fed is finally ready to slash interest rates.



If you&rsquo;re looking to bet on a falling-rate environment, I think CCI stock is one of the best ways to do it. The company has been feeling the pinch of higher rates a tad more than most other firms. Once the tides turn, I&rsquo;m inclined to believe Crown Castle will feel more weight lifting off its shoulders.



<h2>Simon Property Group (SPG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/spg-stock-1-300x169.jpg" alt="building facade of simon property group (SPG)"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Shopping mall real estate REIT Simon Property Group (NYSE:<a href="https://investorplace.com/stock-quotes/spg-stock-quote/">SPG</a>) has been in recovery mode over the last year, gaining around 32% in the timespan. With a 5.4% yield, a modest price of admission and a solid first-quarter showing to build off of, SPG shares deserve to be on the watchlist of REIT investors.



For the first quarter, Simon Property delivered a nice beat alongside a quarterly dividend increase. To add sugar on top, management also increased its full-year guidance, now expecting 2024 funds from operations (FFO) per share to be in the $12.75 to $12.90 range, up from $11.85 to $12.10.



As the retail property kingpin diversifies and densifies by moving further into <a href="https://www.globest.com/2024/02/08/simon-property-to-spend-800m-on-mixed-use-projects-this-year/?slreturn=20240406231006">mixed-use real estate,</a> I certainly wouldn&rsquo;t be surprised to see shares continue gravitating higher from here.



On the date of publication, Joey Frenette did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://protect-us.mimecast.com/s/YUYqC31vVVI7KAkriDfKi6?domain=investorplace.com/">Publishing Guidelines.</a>
<div>Joey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/the-3-best-reits-to-buy-in-may-2024/">The 3 Best REITs to Buy in May 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best REITs to Buy in May 2024

May's FOMC meeting left the Fed Funds Rate unchanged. JOLTS showed fewer job openings with increased layoffs. April's job report disappointed, adding only 175k jobs and seeing higher unemployment. Consumer confidence sharply dropped to 97 in April.

Markets In A Minute - "A Lack Of Further Progress"

Simon Property (SPG – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Jeffrey Spector from ...

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Simon Property Group Stock (NYSE:SPG), Short Interest Report

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