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
|2023-03-31||Vanguard Group, Inc. (The)||15%||48,521,717||$5,472,764,504|
|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||Northern Trust Corporation||1%||4,713,293||$531,612,321|
|2023-03-31||Dimensional Fund Advisors LP||1%||4,605,067||$519,405,511|