Simon Property Group (NYSE:SPG) Hits New 12-Month High – Here’s Why

Simon Property Group, Inc. (NYSE:SPG)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $230.82 and last traded at $230.7640, with a volume of 117352 shares changing hands. The stock had previously closed at $228.49.

Analyst Upgrades and Downgrades

SPG has been the subject of several research analyst reports. Evercore set a $215.00 target price on Simon Property Group in a research report on Tuesday, July 7th. Morgan Stanley raised their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. Scotiabank boosted their price objective on shares of Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. Finally, Barclays boosted their price objective on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $213.07.

Simon Property Group Trading Up 0.8%

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The stock has a 50-day simple moving average of $212.88 and a two-hundred day simple moving average of $199.95. The firm has a market capitalization of $74.67 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 2.87 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the business earned $2.95 EPS. The business’s revenue for the quarter 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. On average, equities research analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 3.9%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend was Tuesday, June 9th. Simon Property Group’s payout ratio is currently 62.54%.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Larry C. Glasscock purchased 397 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the acquisition, the director owned 45,902 shares in the company, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary M. Rodkin purchased 256 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of $223.34 per share, with a total value of $57,175.04. Following the acquisition, the director owned 21,016 shares in the company, valued at approximately $4,693,713.44. This represents a 1.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 2,387 shares of company stock worth $533,056 over the last quarter. Corporate insiders own 8.73% of the company’s stock.

Hedge Funds Weigh In On Simon Property Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Stance Capital LLC purchased a new position in Simon Property Group during the third quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in Simon Property Group during the fourth quarter worth $29,000. SHP Wealth Management purchased a new stake in Simon Property Group during the fourth quarter worth $34,000. Dynamic Wealth Strategies LLC boosted its position in Simon Property Group by 195.8% during the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 139 shares in the last quarter. Finally, Tompkins Financial Corp bought a new stake in Simon Property Group during the 4th quarter valued at $42,000. 93.01% of the stock is currently owned by institutional investors.

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.