Why Is SPG Up Today?

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
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.