Simon Property shares rose 1.4% this afternoon to a price of $179.6. The stock is still trading within range of its average target price of $183.5, and over the last 52 weeks, it has recorded a 25.1% performance. Analysts have given the Large-Cap Specialty Real Estate Investment Trust stock target prices ranging from $150.0 to $220.0 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 2.3%. The stock's short ratio is 3.5. The company's insiders own 0.92% 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 91.4%. In conclusion, we believe there is mixed market sentiment regarding Simon Property.
Institutions Invested in Simon Property
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 14% | 45,474,467 | $8,167,214,550 |
| 2024-09-30 | Blackrock Inc. | 11% | 35,708,493 | $6,413,245,560 |
| 2024-09-30 | State Street Corporation | 6% | 21,061,275 | $3,782,605,118 |
| 2024-09-30 | Cohen & Steers Inc. | 6% | 18,087,844 | $3,248,576,892 |
| 2024-06-30 | Norges Bank Investment Management | 5% | 17,442,875 | $3,132,740,456 |
| 2024-09-30 | Geode Capital Management, LLC | 3% | 8,929,260 | $1,603,695,150 |
| 2024-09-30 | Bank of America Corporation | 2% | 6,513,717 | $1,169,863,612 |
| 2024-09-30 | Morgan Stanley | 2% | 5,551,454 | $997,041,172 |
| 2024-09-30 | Legal & General Group PLC | 1% | 4,595,005 | $825,262,926 |
| 2024-09-30 | Dimensional Fund Advisors LP | 1% | 4,534,288 | $814,358,152 |
