Morgan Stanley (NYSE:MS) analyst Richard Hill maintained a Buy rating on Simon Property on Wednesday, setting a price target of $135, which is approximately 15.89% above the present share price of $116.49.
Hill expects Simon Property to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Simon Property, with an average price target of $112.
The analysts price targets range from a high of $137 to a low of $85.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.13 billion and a net profit of $462.05 million. The company's market cap is $38.23 billion.
According to TipRanks.com, Morgan Stanley analyst Richard Hill is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.6% and a 52.83% success rate.
Simon Property Group (NYSE:SPG), Inc. is a real estate investment trust, which is engaged in owning, acquiring and leasing of dining, shopping, entertainment and mixed-use destinations. Its real estate portfolio consists of Premium Outlets, shopping malls and The Mills and International Properties across North America, Europe and Asia.