Why Is SPG Up Today?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.