This evening we watched Simon Property rise 2.9% to a price of $150.45 per share. The Large-Cap Specialty Real Estate Investment Trust company is now trading -5.97% below its average target price of $160.0. Analysts have set target prices ranging from $145.0 to $190.0 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 2.4%. The stock's short ratio is 3.31. The company's insiders own 0.94% 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 91.1%. In conclusion, we believe there is mixed market sentiment regarding Simon Property.
Institutions Invested in Simon Property
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 14% | 46,380,446 | $6,977,937,959 |
| 2024-03-31 | Blackrock Inc. | 10% | 33,782,276 | $5,082,543,321 |
| 2024-03-31 | State Street Corporation | 6% | 21,191,638 | $3,188,281,872 |
| 2024-03-31 | Cohen & Steers Inc. | 6% | 20,597,320 | $3,098,866,731 |
| 2023-12-31 | Norges Bank Investment Management | 6% | 17,955,562 | $2,701,414,248 |
| 2024-03-31 | Geode Capital Management, LLC | 3% | 8,904,031 | $1,339,611,436 |
| 2024-03-31 | Morgan Stanley | 2% | 5,611,958 | $844,319,063 |
| 2024-03-31 | FMR, LLC | 2% | 5,408,056 | $813,642,008 |
| 2024-03-31 | Legal & General Group PLC | 1% | 4,845,108 | $728,946,483 |
| 2024-03-31 | Dimensional Fund Advisors LP | 1% | 4,640,430 | $698,152,679 |
