Simon Property Group Surges to 279th in Daily Trading Volume with $634 Million Turnover

On April 9, 2025, Simon Property Group (SPG) saw a significant surge in trading volume, with a turnover of $634 million, marking a 63.97% increase from the previous day. This substantial rise in trading activity placed SPG at the 279th position in terms of daily trading volume. The stock price of Simon Property Group also experienced a notable increase, rising by 9.13%.

Simon Property Group's recent stock performance has been influenced by several key developments. Notably, Stifel upgraded the company's stock rating from Hold to Buy, although the price target was reduced to $168.50 from $178.00. This upgrade was driven by the firm's assessment that the stock's relative valuation is attractive, despite the reduction in the price target. The upgrade led to a significant increase in the stock's value, with shares rising by approximately 9% in recent trading sessions.

Analysts have shown a mixed but generally positive outlook on Simon Property Group. Over the past three months, 11 analysts have provided ratings for the stock, with 4 recommending a Buy, 7 suggesting a Hold, and none advising a Sell. The average 12-month price target for SPG is $184.25, indicating a potential upside of 31.26% from the current price. The highest price target among analysts is $205.00, while the lowest is $168.00. This consensus reflects a moderate buy sentiment, supported by the company's strong leasing and redevelopment prospects.