Market Overview

UPDATE: MLV & Co Reiterates On Simon Property Group On Adjusted Estimates

Share:
Related SPG
Ares Management Real Estate Fund Acquires Two Designer Outlet Centers in France for ~€200M
Reasons To Consider REIT ETFs
What Do Sears Holdings' Awful Q4 Results Mean For The Seritage REIT? (Seeking Alpha)

In a report published Tuesday, MLV & Co analyst Paul Morgan reiterated a Hold rating on Simon Property Group (NYSE: SPG), and raised the price target from $178.00 to $186.00.

In the report, MLV & Co noted, “Following Simon Property's 2Q14 report, we are raising our price target to $186 from $178, based on rolling forward our NOI forecasts by one quarter, and incorporating higher estimates that are reflected in our new 2014 and 2015 FFO per share estimates of $9.23 (up 5c) and $9.64 (up 8c).”

Simon Property Group closed on Monday at $170.47.

Latest Ratings for SPG

DateFirmActionFromTo
Feb 2016Deutsche BankMaintainsBuy
Jan 2016Deutsche BankMaintainsBuy
Dec 2015Boenning & ScattergoodInitiates Coverage onOutperform

View More Analyst Ratings for SPG
View the Latest Analyst Ratings

Posted-In: MLV & Co Paul MorganAnalyst Color Price Target Analyst Ratings

 

Related Articles (SPG)

Get Benzinga's Newsletters