Simon Property (SPG – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Ronald Kamdem from Morgan Stanley maintained a Hold rating on the stock and has a $160.00 price target.
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Ronald Kamdem has given his Hold rating due to a combination of factors impacting Simon Property’s financial outlook. The company’s fourth-quarter Funds From Operations (FFO) per share, when adjusted for one-time items, fell short of consensus expectations but surpassed Morgan Stanley’s estimates. This mixed performance suggests a level of uncertainty in the company’s near-term financial results.
Moreover, Simon Property’s guidance for 2025 FFO per share is slightly above consensus estimates, indicating some positive prospects. However, the deceleration in Net Operating Income (NOI) growth and the unchanged dividend compared to the previous quarter, despite a year-over-year increase, reflect potential challenges ahead. These factors contribute to a balanced outlook, justifying the Hold rating as investors assess the company’s future performance amidst these mixed signals.
In another report released yesterday, BMO Capital also maintained a Hold rating on the stock with a $195.00 price target.