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Analysts Are Neutral on Top Real Estate Stocks: Parkit Enterprise (PKTEF), Simon Property (SPG)

Tipranks - Wed Aug 12, 8:40AM CDT

Analysts fell to the sidelines weighing in on Parkit Enterprise (PKTEF) and Simon Property (SPG) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Parkit Enterprise (PKTEF)

In a report released today, Himanshu Gupta CFA from Scotiabank maintained a Hold rating on Parkit Enterprise, with a price target of C$10.50. The company’s shares closed last Friday at $6.67.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 10.2% and a 64.2% success rate. CFA covers the NA sector, focusing on stocks such as Choice Properties Real Estate Investment, NorthWest Healthcare Properties REIT, and Colliers International Group. ;'>

Currently, the analyst consensus on Parkit Enterprise is a Moderate Buy with an average price target of $7.76, which is a 16.3% upside from current levels. In a report issued on August 9, TipRanks – OpenAI also reiterated a Hold rating on the stock with a C$9.50 price target.

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Simon Property (SPG)

In a report released today, Greg McGinniss from Scotiabank maintained a Hold rating on Simon Property, with a price target of $220.00. The company’s shares closed last Tuesday at $222.28.

According to TipRanks.com, McGinniss is a 3-star analyst with an average return of 2.3% and a 50.0% success rate. McGinniss covers the NA sector, focusing on stocks such as Essential Properties Realty, Rexford Industrial Realty, and Gaming and Leisure. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Simon Property with a $228.53 average price target, which is a 3.6% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a $209.00 price target.

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