![]() ![]() But Simon's malls are in the top echelon, and they should not only survive, but get even more valuable as lesser malls go away. There are more than 1,000 malls in the United States, which is likely too many, and weaker malls are already closing down. Still, the deal will add another 25 or so well-situated malls to Simon's portfolio once it's completed. This deal was first agreed to before the pandemic but has since been reworked, reducing the price given the tough retail backdrop. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company.It's also working to increase the value of its portfolio, agreeing to buy equally well-positioned but smaller peer Taubman Centers ( TCO). Finally, Morgan Stanley raised their price objective on Simon Property Group from $131.00 to $132.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 22nd. They set a "buy" rating and a $150.00 price objective for the company. The Goldman Sachs Group initiated coverage on Simon Property Group in a research report on Tuesday, March 21st. Mizuho lowered their price objective on Simon Property Group from $130.00 to $116.00 in a research report on Monday, March 13th. Citigroup raised their price objective on Simon Property Group from $100.00 to $120.00 in a research report on Wednesday, December 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Simon Property Group from $115.00 to $130.00 in a research report on Tuesday, January 3rd. SPG has been the subject of a number of analyst reports. 83.89% of the stock is owned by institutional investors and hedge funds. now owns 352 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 262 shares during the last quarter. raised its position in shares of Simon Property Group by 291.1% during the third quarter. now owns 356 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 136 shares during the last quarter. raised its position in shares of Simon Property Group by 61.8% during the third quarter. Trustcore Financial Services LLC bought a new position in shares of Simon Property Group during the third quarter worth about $31,000. Riverview Trust Co now owns 308 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 97 shares during the last quarter. Riverview Trust Co raised its position in shares of Simon Property Group by 46.0% during the third quarter. acquired a new stake in shares of Simon Property Group during the third quarter valued at about $26,000. Several other large investors have also bought and sold shares of the business. The Trend Still Appears to be a Friend of Simon Property Group.Presima Securities ULC owned approximately 0.06% of Simon Property Group worth $23,038,000 as of its most recent SEC filing. Simon Property Group makes up 6.6% of Presima Securities ULC's holdings, making the stock its 4th biggest holding. The institutional investor owned 196,100 shares of the real estate investment trust's stock after selling 30,500 shares during the quarter. ( NYSE:SPG - Get Rating) by 13.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. Presima Securities ULC cut its holdings in Simon Property Group, Inc. Buying the Dip On Albemarle, Fundamentals Still Sound. ![]() Are Rising Interest Rates Killing AT&T Stock?.Can Clorox Keep Its Momentum Going Into Next Quarter.Fifth Third Bancorp Remains Buoyant Among Regional Banks.Intuitive Machines Keeps Space Exploration Ambitions Alive.Here's 2 Private Label Food Makers That Can Thrive in Any Market.Skids on Results: Is it Time to Buy the Dip? Will Stratasys Continue to be a Runaway Bride?.Is it Time to Take Profits in Chip Stocks?.Is it 'Game Over' for Roblox After Reporting March Metrics Miss?.Medtronic: Reversal In-Play For This High-Yield Stock.Is Johnson & Johnson a Buy in This Market?.Insider Trades: The Good, The Bad, and The Profitable.What Stock Would You Invest $5,000 in Right Now?.The Trader's Guide to Equities Research. ![]()
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