Simon Property shares rose 2.3% this afternoon to a price of $158.67. The stock is still trading within range of its average target price of $160.57, and over the last 52 weeks, it has recorded a 33.3% performance. Analysts have given the Large-Cap Specialty Real Estate Investment Trust stock target prices ranging from $145.0 to $190.0 dollars per share, with 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 2.1%. The stock's short ratio is 3.06. 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 90.9%. 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 | $7,359,185,281 |
| 2024-03-31 | Blackrock Inc. | 10% | 33,782,276 | $5,360,233,671 |
| 2024-03-31 | State Street Corporation | 6% | 21,191,638 | $3,362,477,162 |
| 2024-03-31 | Cohen & Steers Inc. | 6% | 20,597,320 | $3,268,176,726 |
| 2023-12-31 | Norges Bank Investment Management | 6% | 17,955,562 | $2,849,008,989 |
| 2024-03-31 | Geode Capital Management, LLC | 3% | 8,904,031 | $1,412,802,582 |
| 2024-03-31 | Morgan Stanley | 2% | 5,611,958 | $890,449,365 |
| 2024-03-31 | FMR, LLC | 2% | 5,408,056 | $858,096,235 |
| 2024-03-31 | Legal & General Group PLC | 1% | 4,863,322 | $771,663,292 |
| 2024-03-31 | Dimensional Fund Advisors LP | 1% | 4,640,430 | $736,297,019 |
