$130 Target And Hold Rating

• The shares of Simon Property Group Inc (NYSE: SPG) have received a $130 price target from Truist. These are the details.

The shares of Simon Property Group Inc (NYSE: SPG) have received a $130 price target from Truist. And Truist Securities analyst Ki Bin Kim is maintaining a “Hold” rating on the shares.

Kim adjusted the rating following the company’s first-quarter results from last month. Simon Property reported a Q1 EPS of $1.30, which was $0.01 higher than the analyst estimates of $1.29. And the FFO was $2.78 per diluted share.

Going forward, Simon Property had raised the FY2022 EPS to $5.93-$6.08, compared to the consensus of $5.68. And FFO will be within a range of $11.60 to $11.75.

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