Simon Property Group which can be found using ticker (SPG) have now 15 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 160 and 111 and has a mean target at $132.40. Given that the stocks previous close was at $102.38 this now indicates there is a potential upside of 29.3%. The day 50 moving average is $120.77 and the 200 moving average now moves to $109.96. The company has a market cap of $38,707m. Company Website: https://www.simon.com
The potential market cap would be $50,056m based on the market consensus.
Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
The company has a dividend yield of 7.03% with the ex dividend date set at 9-3-2023 (DMY).
Other points of data to note are a P/E ratio of 15.7, revenue per share of 16.14 and a 4.84% return on assets.
