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Analysts Offer Insights on Real Estate Companies: Simon Property (SPG) and MERLIN Properties SOCIMI SA (OtherMRPRF)

Tipranks - Tue Apr 14, 4:26AM CDT

Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on Simon Property (SPG) and MERLIN Properties SOCIMI SA (MRPRF).

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Simon Property (SPG)

Barclays analyst Richard Hightower maintained a Hold rating on Simon Property today and set a price target of $201.00. The company’s shares closed last Friday at $200.57.

According to TipRanks.com, Hightower is a 1-star analyst with an average return of -1.6% and a 40.8% success rate. Hightower covers the NA sector, focusing on stocks such as Essential Properties Realty, Phillips Edison & Company, and Apple Hospitality REIT. ;'>

Currently, the analyst consensus on Simon Property is a Moderate Buy with an average price target of $206.93, implying a 3.8% upside from current levels. In a report issued on April 10, Morgan Stanley also maintained a Hold rating on the stock with a $205.00 price target.

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MERLIN Properties SOCIMI SA (MRPRF)

In a report issued on April 10, Benjamin Legrand from Kepler Capital maintained a Buy rating on MERLIN Properties SOCIMI SA, with a price target of EUR16.80. The company’s shares closed last Friday at $16.06.

Legrand has an average return of 19.7% when recommending MERLIN Properties SOCIMI SA. ;'>

According to TipRanks.com, Legrand is ranked #3865 out of 12128 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MERLIN Properties SOCIMI SA with a $19.93 average price target.

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