Simon Property Group, Inc. (NYSE:SPG) Declares $2.25 Quarterly Dividend

Simon Property Group, Inc. (NYSE:SPG) declared a quarterly dividend on Monday, August 10th. Stockholders of record on Wednesday, September 9th will be given a dividend of 2.25 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 9th.

Simon Property Group has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Simon Property Group has a payout ratio of 131.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Simon Property Group to earn $13.66 per share next year, which means the company should continue to be able to cover its $9.00 annual dividend with an expected future payout ratio of 65.9%.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $220.10 on Tuesday. Simon Property Group has a 1 year low of $163.29 and a 1 year high of $238.50. The firm’s 50-day moving average is $221.15 and its 200 day moving average is $205.09. The stock has a market cap of $71.38 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 2.88 and a beta of 1.30. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, August 10th. The real estate investment trust reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $1.65. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Sell-side analysts anticipate that Simon Property Group will post 13.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on SPG shares. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. UBS Group upped their price target on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Bank of America lifted their price objective on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Stifel Nicolaus upped their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $216.14.

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.