Broker recommendations for Simon Property Group
The Simon Property Group, Inc. stock is rated at 1.5625 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Friday 2 October, 2020 by a total of 16 brokers. This means that the consensus of the 16 different brokers is leaning toward to moderate buy/hold.
Sell
0 (0%) Underweight
0 (0%) Hold
9 (56.25%) Overweight
0 (0%) Buy
7 (43.75%)
Price target by analysts
The 14 latest analyst estimates, per Friday 16 October, 2020, show the following high, low and average price targets.
Target Average: 79.71 USD
Target High: 120 USD
Target Low: 60 USD
Seven Must Reads for the CRE Industry Today (Oct. 23, 2020)
Friday, 23 October 2020, 19:10:00
Median rent for apartments in Manhattan has reached its lowest point in nearly a decade, reports The New York Times. J.C. Penney filed a sale agreement with landlords Simon Property Group and Brookfield Asset Management after weeks of delays and negotiation, according to Retail Dive. These are among today’s must reads from around the commercial real estate industry.
— NREI
JCPenney says it hopes to exit bankruptcy by Christmas
Wednesday, 21 October 2020, 21:09:00
Plan in works for Simon Property Group to buy beleaguered clothing retailer, according to company officials.
— CBS News
JCPenney’s new owners reject a $3.2 billion pension plan
Wednesday, 21 October 2020, 21:05:05
JCPenney is getting rescued from bankruptcy in a plan that stands to worsen its workers’ nest eggs. The century-old department store’s soon-to-be new owners said they don’t plan to take control of the retailer’s pension promises to some 52,000 current and future retirees, according to court documents. Mall owners Simon Property Group and Brookfield Asset…
— New York Post
J.C. Penney Rushes to Finalize Sale to Lender, Landlord Group
Wednesday, 21 October 2020, 19:52:00
The retailer filed a draft purchase agreement on to sell itself to Simon Property Group, Brookfield Property Partners and its senior lenders.
— NREI
Simon Property Group (NYSE:SPG) and Washington Real Estate Investment Trust (NYSE:WRE) Financial Contrast
Wednesday, 21 October 2020, 17:34:51
Washington Real Estate Investment Trust (NYSE:WRE) and Simon Property Group (NYSE:SPG) are both finance companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, earnings, profitability, analyst recommendations, risk, institutional ownership and dividends. Dividends Washington Real Estate Investment Trust pays an annual dividend of $1.20 […]
— Transcript Daily
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