Truist Financial Reaffirms Their Hold Rating on Simon Property (SPG)

In a report released today, Terry Tillman from Truist Financial maintained a Hold rating on Simon Property, with a price target of $181.00.

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According to TipRanks, Tillman is an analyst with an average return of -1.2% and a 41.45% success rate. Tillman covers the Technology sector, focusing on stocks such as Salesforce, Zeta Global Holdings Corp, and Klaviyo, Inc. Class A.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Simon Property with a $194.27 average price target.

Based on Simon Property’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.6 billion and a net profit of $594.37 million. In comparison, last year the company earned a revenue of $1.48 billion and had a net profit of $476 million

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPG in relation to earlier this year. Earlier this month, Randall Lewis, a Director at SPG bought 545.00 shares for a total of $100,258.20.