Stifel lowered the firm’s price target on Simon Property to $129.50 from $135 and keeps a Buy rating on the shares after the company’s Q1 report, which included normalized FFO per share below the firm’s and the Street estimate. Following last night’s report, Stifel is adjusting 2023 and 2024 estimates and introducing its 2025 estimates.
Published first on TheFly
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- Simon Property raises quarterly common stock dividend 15c to $1.85 per share
- Simon Property raises FY23 FFO view to $11.80-$11.95 from $11.70-$11.95
- Simon Property reports Q1 FFO $2.74, consensus $2.80
- Simon® Reports First Quarter 2023 Results and Increases Full Year 2023 Guidance and Raises Quarterly Dividend
- Simon Property options imply 3.1% move in share price post-earnings