Simon Property shares rose 1.6% this evening to a price of $130.85. The stock is still trading within range of its average target price of $130.47, and over the last 52 weeks, it has recorded a 15.0% performance. Analysts have given the large-cap Specialty Real Estate Investment Trust stock target prices ranging from $110.0 to $160.0 dollars per share, with an average rating of buy.
The stock has a very low short interest at 1.8%, and a short ratio of 2.76. The company's insiders own 0.9% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 89.0% of Simon Property's shares being owned by this investor type.
Institutions Invested in Simon Property
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 14% | 46,115,129 | $6,034,164,911 |
| 2023-09-30 | Blackrock Inc. | 10% | 33,515,566 | $4,385,512,015 |
| 2023-09-30 | Cohen & Steers Inc. | 7% | 23,452,689 | $3,068,784,498 |
| 2023-09-30 | State Street Corporation | 7% | 22,240,369 | $2,910,152,419 |
| 2023-09-30 | Geode Capital Management, LLC | 3% | 8,538,503 | $1,117,263,169 |
| 2022-12-31 | Norges Bank Investment Management | 2% | 6,876,806 | $899,830,107 |
| 2023-09-30 | FMR, LLC | 2% | 5,931,151 | $776,091,144 |
| 2023-09-30 | Morgan Stanley | 2% | 5,840,541 | $764,234,825 |
| 2023-09-30 | Daiwa Securities Group Inc. | 2% | 5,172,718 | $676,850,181 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 1% | 4,860,988 | $636,060,309 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Simon Property.
