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

Simon Property Group, Inc. (NYSE:SPG) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $221.0667.

Several equities research analysts have weighed in on SPG shares. Barclays lifted their price target on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. increased their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Evercore set a $215.00 target price on Simon Property Group in a research note on Tuesday, July 7th. Morgan Stanley boosted their target price on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings raised Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday.

Simon Property Group Price Performance

Shares of SPG opened at $221.84 on Friday. The firm has a market cap of $71.94 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 2.84 and a beta of 1.30. Simon Property Group has a 52-week low of $170.49 and a 52-week high of $238.50. The business’s 50 day moving average price is $222.12 and its two-hundred day moving average price is $205.85. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 91.46%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $1.70 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities analysts anticipate that Simon Property Group will post 13.24 EPS for the current year.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $2.25 per share. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. Simon Property Group’s payout ratio is currently 63.47%.

Insider Activity at Simon Property Group

In other news, Director Glyn Aeppel bought 243 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.36 per share, with a total value of $54,276.48. Following the completion of the transaction, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This trade represents a 1.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Larry C. Glasscock bought 397 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the acquisition, the director owned 45,902 shares in the company, valued at $10,253,588.76. This represents a 0.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 2,387 shares of company stock valued at $533,056 over the last three months. 8.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Simon Property Group during the fourth quarter worth about $1,112,111,000. Wellington Management Group LLP lifted its position in Simon Property Group by 7.7% in the 4th quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock valued at $1,469,748,000 after acquiring an additional 569,772 shares in the last quarter. Bank of America Corp DE lifted its position in Simon Property Group by 6.1% in the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock valued at $1,586,089,000 after acquiring an additional 491,519 shares in the last quarter. Cardano Risk Management B.V. acquired a new position in Simon Property Group during the 2nd quarter valued at about $104,281,000. Finally, BlackRock Inc. boosted its stake in Simon Property Group by 1.2% during the 2nd quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock valued at $8,335,255,000 after purchasing an additional 455,543 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

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.