This afternoon we watched Simon Property rise 1.7% to a price of $112.79 per share. The large-cap Specialty Real Estate Investment Trust company is now trading -13.52% below its average target price of $130.43. Analysts have set target prices ranging from $106.0 to $160.0 per share for Simon Property, and have given the stock an average rating of buy.
Simon Property's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.5%. The stock's short ratio is 4.15. The company's insiders own 0.88% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 88.1%. In conclusion, we believe there is mixed market sentiment regarding Simon Property.
Institutions Invested in Simon Property
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 15% | 48,521,717 | $5,472,764,504 |
| 2023-03-31 | Blackrock Inc. | 11% | 34,613,972 | $3,904,109,933 |
| 2023-03-31 | State Street Corporation | 7% | 22,699,377 | $2,560,262,752 |
| 2023-03-31 | Cohen & Steers Inc. | 7% | 22,581,331 | $2,546,948,344 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 8,144,366 | $918,603,048 |
| 2022-12-31 | Norges Bank Investment Management | 2% | 6,876,806 | $775,634,955 |
| 2023-03-31 | Morgan Stanley | 2% | 5,966,531 | $672,965,036 |
| 2023-03-31 | FMR, LLC | 2% | 5,917,831 | $667,472,163 |
| 2023-03-31 | Northern Trust Corporation | 1% | 4,713,293 | $531,612,321 |
| 2023-03-31 | Dimensional Fund Advisors LP | 1% | 4,605,067 | $519,405,511 |
