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How Wall Street Analysts View Simon Property Group

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Analyst ratings

Simon Property Group’s (SPG) performance expectations in 2017 have been reflected in its analyst ratings. Analysts gave SPG a mean price target of $202.45, implying an ~25.1% rise from its current level of $161.78.

In April 2017, 15 of 22 analysts covering the stock gave it “buy” or “strong buy” ratings. The remaining seven analysts gave it a “hold” rating. Compared to December 2016, the number of Simon Property Group’s “strong buy” and “buy” ratings fell from 18 to 15.

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Simon Property Group’s peer ratings

Among Simon Property Group’s major alternative peers, three of 25 analysts gave Equity Residential (EQR) “buy” or “strong buy” ratings, and 18 analysts gave it a “hold” rating.

Four analysts gave EQR a “sell” or a “strong sell” rating. Four of 20 analysts gave Macerich (MAC) “buy” or “strong buy” ratings, and 15 analysts gave it a “hold” rating. One analyst gave it a “sell” or a “strong sell” rating.

Ten of 17 analysts gave General Growth Properties (GGP) “buy” or “strong buy” ratings, and seven analysts gave it a “hold” rating.

Investors looking for exposure to commercial real estate can invest in REIT ETFs. Simon Property Group and Public Storage (PSA) make up ~6.3% and 3.8%, respectively, of the Vanguard REIT ETF (VNQ).

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