Shares of Simon Property Are Skyrocketing - Can This Trend Continue?

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.

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.