Is Simon Property Group a good stock to buy?
Out of 12 analysts, 9 (75%) are recommending SPG as a Strong Buy, 1 (8.33%) are recommending SPG as a Buy, 2 (16.67%) are recommending SPG as a Hold, 0 (0%) are recommending SPG as a Sell, and 0 (0%) are recommending SPG as a Strong Sell.
Is Simon Property Group undervalued?
Simon Property Group appears undervalued at current market prices.
Is Simon Property a REIT?
Simon Property Group is a REIT specializing in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets. For additional information on REITs, visit the National Association of Real Estate Investment Trusts (NAREIT).
Will SPG stock go up?
Stock Price Forecast The 17 analysts offering 12-month price forecasts for Simon Property Group Inc have a median target of 154.00, with a high estimate of 200.00 and a low estimate of 123.00. The median estimate represents a +60.92% increase from the last price of 95.70.
Is Simon Property Group a buy on Zacks?
Zacks’ proprietary data indicates that Simon Property Group, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the SPG shares relative to the market in the next few months.
What type of company is Simon Property Group?
real estate investment trust
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, and The Mills.
What brands does Simon own?
According to CEO David Simon on the company’s annual earnings call on Monday, Forever 21, Brooks Brothers, Lucky Brand Jeans and JC Penney, the four retail acquisitions Simon made in collaboration with ABG in 2020, drove big sales in their first year under new management.
Will Simon Property Group recover?
Simon Property Group has been working to restore its previous dividend and has rewarded shareholders with three increases in 2021. SPG’s share price has fallen to the point where its dividend exceeds 5% and SPG is trailing its peers in price appreciation while trading at the lowest price to FFO ratio.
What is the target price for SPG?
$4.00
Stock Price Target SLGG
| High | $4.00 |
|---|---|
| Median | $4.00 |
| Low | $4.00 |
| Average | $4.00 |
| Current Price | $1.00 |
Is SPG overvalued?
PB vs Industry: SPG is overvalued based on its Price-To-Book Ratio (9.8x) compared to the US REITs industry average (1.5x).
Who founded Simon Property Group?
Herbert Simon
Melvin Simon
Simon Property Group/Founders
Is Simon a good company to work for?
Is Simon Property Group a good company to work for? Simon Property Group has an overall rating of 3.4 out of 5, based on over 669 reviews left anonymously by employees. 53% of employees would recommend working at Simon Property Group to a friend and 51% have a positive outlook for the business.
Does Simon Properties own JC Penney?
A year after acquiring JC Penney out of bankruptcy via a partnership, Simon Property Group CEO and President David Simon said the retailer’s business has stabilized.
Will SLGG stock go up?
The 2 analysts offering 12-month price forecasts for Super League Gaming, Inc. have a median target of 4.00, with a high estimate of 4.00 and a low estimate of 4.00. The median estimate represents a +222.58% increase from the last price of 1.24.
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