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What Do Wall Street Analysts Think of SPG?

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Jan. 1 2018, Updated 10:31 a.m. ET

Analyst ratings

Simon Property Group’s (SPG) performance expectations in 2018 have been reflected in its analyst ratings. Analysts gave SPG a mean price target of $188.10, implying an ~16.0% rise from its current level of $162.26. It has the highest market capitalization among its peers of $59.91 billion.

As of December 2017, 17 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, Kimco Realty Corporation (KIM) received “buy” or “strong buy” ratings from eight of 21 analysts. KIM received “hold” ratings from 13 analysts.

Five of 19 analysts gave Macerich (MAC) “buy” or “strong buy” ratings, and 13 analysts gave it “hold” ratings. One analyst gave it a “sell” or a “strong sell” rating.

Seven of 16 analysts gave General Growth Properties (GGP) “buy” or “strong buy” ratings, and nine analysts gave it “hold” ratings.

Investors looking for exposure to the commercial real estate can invest in REIT ETFs. Simon Property Group makes up ~5.9% of the Vanguard REIT ETF (VNQ).

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