Simon Property Stock: Analyst Estimates & Ratings

Core Insights - Simon Property Group, Inc. (SPG) is a self-administered and self-managed real estate investment trust (REIT) with a market cap of $59.7 billion, focusing on retail real estate properties [1] Performance Overview - SPG shares have underperformed the broader market, gaining 2.5% over the past year compared to the S&P 500 Index's 13.2% increase [2] - Year-to-date (YTD) performance shows SPG stock up 6.1%, while the S&P 500 has risen 14.5% [2] - Compared to the Real Estate Select Sector SPDR Fund (XLRE), which declined about 4.6% over the past year, SPG's performance is relatively stronger [3] Financial Results - For Q3, SPG reported FFO per share of $3.22, exceeding Wall Street expectations of $3.09, with revenue of $1.6 billion surpassing forecasts of $1.5 billion [4] - The company anticipates full-year FFO to be between $12.60 and $12.70 per share [4] Analyst Ratings - Analysts expect SPG's FFO per share to decline 2.4% to $12.68 for the current fiscal year [5] - SPG has consistently beaten consensus estimates in the last four quarters, with a current consensus rating of "Moderate Buy" from 21 analysts [5] - Recent ratings show a decrease in bullish sentiment, with only eight "Strong Buy" ratings compared to nine three months ago [6] Price Targets - JPMorgan Chase & Co. maintains a "Hold" rating on SPG with a price target of $198, indicating an 8.4% upside potential [6] - The mean price target is $191.35, suggesting a 4.7% premium to current levels, while the highest price target of $225 indicates a potential upside of 23.1% [6]