Impact of Brokerage Rating on Simon Property Group, Inc.(SPG)

Many Simon Property Group, Inc.(SPG) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Simon Property Group Inc was Downgraded by SunTrust to Hold on Jan 20, 2017. Simon Property Group Inc was Downgraded by Deutsche Bank on Jan 9, 2017 to Hold, Lowers Price Target to $ 188 from a previous price target of $231 .

Company has reported several Insider transactions to the SEC, on Sep 6, 2016, Steven K. Broadwater (SVP & Chief Accounting Officer) sold 945 shares at 215.41 per share price.On Aug 29, 2016, Andrew Juster (EVP/Chief Financial Officer) sold 7,000 shares at 215.70 per share price.On Apr 28, 2016, Allan B Hubbard (director) purchased 136 shares at 204.92 per share price.

Simon Property Group Inc Last issued its quarterly earnings results on Jan 31, 2017. The company reported $2.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $2.57. The company had revenue of $1426.00 million for the quarter, compared to analysts expectations of $1473.79 million. The companys revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.40 EPS.

Simon Property Group, Inc. (NYSE:SPG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 17 Brokerage Firm. 9 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 6 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Simon Property Group, Inc. (NYSE:SPG): The mean short term price target for Simon Property Group, Inc. (NYSE:SPG) has been established at $214.93 per share. The higher price target estimate is at $264 and the lower price target estimate is expected at $160 according to 14 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $28.04

Simon Property Group, Inc. (NYSE:SPG) witnessed a decline in the market cap on Tuesday as its shares dropped 0.4% or 0.73 points. After the session commenced at $181.08, the stock reached the higher end at $182.39 while it hit a low of $179.85. With the volume soaring to 1,079,669 shares, the last trade was called at $180.94. The company has a 52-week high of $229.1. The company has a market cap of $56,858 million and there are 314,237,520 shares in outstanding. The 52-week low of the share price is $173.11.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust which, through its subsidiary partnerships, is engaged in the ownership, development, management, leasing, acquisition and expansion of income-producing properties, primarily regional malls and community shopping centers. (Company Press Release)


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