Morgan Stanley’s Top 5 Stock Picks For 2023

2. Simon Property Group, Inc. (NYSE:SPG)

Share Price Upside: 50%

Number of Hedge Fund Holders In Q4 2022: 33

Simon Property Group, Inc. (NYSE:SPG) is an American real estate company that invests in commercial properties such as malls and community centers.

Simon Property Group, Inc. (NYSE:SPG) saw some concerning news surface in February 2023 when it was revealed that it has missed the maturity of a $295 million loan, with the firm refusing to comment on the situation. 33 of the 943 hedge funds polled by Insider Monkey for 2022’s December quarter had bought the company’s shares.

Israel Englander’s Millennium Management is Simon Property Group, Inc. (NYSE:SPG)’s largest investor with a $66 million stake courtesy of 569,619 shares.

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