Simon Property Group, Inc. (NYSE:SPG) Given Average Recommendation of “Hold” by Brokerages

Shares of Simon Property Group, Inc. (NYSE:SPG) have earned an average rating of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $205.0714.

A number of brokerages have recently commented on SPG. Truist Financial increased their price target on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. Citigroup boosted their price objective on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 18th. UBS Group lifted their price target on Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Finally, Stifel Nicolaus boosted their price target on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th.

Simon Property Group Trading Up 0.1%

Shares of Simon Property Group stock opened at $206.94 on Friday. The firm’s 50 day moving average is $197.59 and its 200 day moving average is $191.78. The firm has a market capitalization of $67.11 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 3.74 and a beta of 1.33. Simon Property Group has a 1 year low of $155.44 and a 1 year high of $208.79. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm earned $2.95 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities research analysts forecast that Simon Property Group will post 13.2 earnings per share for the current fiscal year.

Simon Property Group announced that its board has authorized a share buyback program on Thursday, February 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $2.25 per share. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 annualized dividend and a yield of 4.3%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is 61.15%.

Hedge Funds Weigh In On Simon Property Group

Several large investors have recently modified their holdings of the business. PFG Investments LLC grew its holdings in shares of Simon Property Group by 2.2% in the first quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 50 shares during the period. Great Valley Advisor Group Inc. grew its stake in shares of Simon Property Group by 2.3% in the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $437,000 after buying an additional 52 shares during the period. Veridan Wealth LLC increased its holdings in shares of Simon Property Group by 1.2% during the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after buying an additional 53 shares during the last quarter. CYBER HORNET ETFs LLC raised its position in shares of Simon Property Group by 6.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 55 shares during the period. Finally, Embree Financial Group raised its position in shares of Simon Property Group by 2.4% during the 4th quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock valued at $447,000 after buying an additional 56 shares during the period. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Company Profile

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.