BMO Capital Sticks to Their Hold Rating for Simon Property

BMO Capital analyst Jeremy Metz maintained a Hold rating on Simon Property on Tuesday, setting a price target of $65, which is approximately 12.03% above the present share price of $58.02.

Metz expects Simon Property to post earnings per share (EPS) of $1.66 for the second quarter of 2020.

The current consensus among 11 TipRanks analysts is for a Hold rating of shares in Simon Property, with an average price target of $88.45.
The analysts price targets range from a high of $145 to a low of $49.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $1.49 billion and a net profit of $776.88 million. The company's market cap is $17.73 billion.

According to TipRanks.com, BMO Capital analyst Jeremy Metz is a 3-star analyst with an average return of 0.7% and a 49.0% success rate.

Simon Property Group (NYSE:SPG), Inc. operates as a self-administered and self-managed real estate investment trust. It owns, develops and manages retail real estate properties which primarily consist of regional malls, premium outlets and mills. Simon Property Group specializes in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets. The company was founded by Fred Simon, Herbert Simon and Melvin Simon in December 1993 and is headquartered in Indianapolis, IN.