Simon Property Group, Inc. (NYSE:SPG) Receives Consensus Rating of “Hold” from Brokerages

Shares of Simon Property Group, Inc. (NYSE:SPG) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $194.6429.

A number of equities research analysts recently issued reports on SPG shares. Truist Financial increased their price objective on Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Scotiabank boosted their price target on shares of Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Finally, Mizuho set a $192.00 price target on shares of Simon Property Group in a report on Friday, January 9th.

Simon Property Group Trading Down 0.1%

NYSE:SPG opened at $184.83 on Monday. The company has a market cap of $60.34 billion, a P/E ratio of 26.90, a P/E/G ratio of 6.85 and a beta of 1.37. The stock’s fifty day moving average price is $184.23 and its two-hundred day moving average price is $178.77. Simon Property Group has a 1 year low of $136.34 and a 1 year high of $190.13. The company has a debt-to-equity ratio of 9.59, a current ratio of 1.44 and a quick ratio of 1.44.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.13. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.41 billion. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.05 EPS. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. As a group, analysts expect that Simon Property Group will post 12.54 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 4.8%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. The ex-dividend date of this dividend was Wednesday, December 10th. Simon Property Group’s dividend payout ratio is presently 128.09%.

Insiders Place Their Bets

In other Simon Property Group news, Director Gary M. Rodkin acquired 226 shares of the stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the acquisition, the director owned 19,455 shares in the company, valued at $3,618,630. The trade was a 1.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stefan M. Selig bought 201 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $37,386.00. Following the transaction, the director owned 32,277 shares in the company, valued at $6,003,522. This trade represents a 0.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 2,192 shares of company stock valued at $407,712 over the last 90 days. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Simon Property Group

A number of institutional investors have recently made changes to their positions in SPG. Stance Capital LLC purchased a new position in shares of Simon Property Group in the third quarter valued at about $26,000. Trust Co. of Toledo NA OH bought a new position in Simon Property Group during the 2nd quarter valued at approximately $25,000. Silicon Valley Capital Partners bought a new position in Simon Property Group during the 2nd quarter valued at approximately $30,000. VSM Wealth Advisory LLC purchased a new stake in Simon Property Group in the 2nd quarter worth approximately $30,000. Finally, Atlantic Union Bankshares Corp grew its position in shares of Simon Property Group by 143.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

About Simon Property Group

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.