Simon Property Group (NYSE:SPG) Coverage Initiated by Analysts at Truist Financial

Analysts at Truist Financial initiated coverage on shares of Simon Property Group (NYSE:SPG) in a research note issued on Friday. The brokerage set a “hold” rating and a $215.00 price target on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 6.72% from the company’s previous close.

SPG has been the subject of a number of other research reports. Bank of America raised their target price on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Scotiabank reduced their price target on Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 17th. Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research report on Thursday, July 9th. Morgan Stanley upped their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. Finally, LADENBURG THALM/SH SH increased their price target on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $227.64.

Simon Property Group Trading Up 0.3%

NYSE SPG traded up $0.64 during trading on Friday, hitting $201.45. The company had a trading volume of 40,791 shares, compared to its average volume of 1,624,129. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group has a one year low of $172.19 and a one year high of $238.50. The company has a market cap of $65.18 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 3.09 and a beta of 1.30. The company’s fifty day moving average is $215.14 and its 200-day moving average is $209.46.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.15). The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, sell-side analysts predict that Simon Property Group will post 13.23 earnings per share for the current year.

Insider Buying and Selling at Simon Property Group

In other news, Director Daniel Smith bought 350 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was acquired at an average cost of $202.78 per share, with a total value of $70,973.00. Following the completion of the acquisition, the director owned 34,830 shares of the company’s stock, valued at approximately $7,062,827.40. This represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Rodkin purchased 232 shares of Simon Property Group stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average cost of $202.78 per share, with a total value of $47,044.96. Following the transaction, the director directly owned 21,248 shares of the company’s stock, valued at $4,308,669.44. This represents a 1.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 1,668 shares of company stock worth $338,237 in the last 90 days. Insiders own 8.73% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional 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 in the last quarter. WPG Advisers LLC increased its holdings in Simon Property Group by 40.3% in the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 52 shares during the last quarter. Centaurus Financial Inc. raised its position in shares of Simon Property Group by 5.4% during the 1st quarter. Centaurus Financial Inc. now owns 1,089 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 56 shares in the last quarter. Tobias Financial Advisors Inc. lifted its position in shares of Simon Property Group by 1.5% during the 4th quarter. Tobias Financial Advisors Inc. now owns 3,804 shares of the real estate investment trust’s stock worth $704,000 after buying an additional 57 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in Simon Property Group by 2.6% in the fourth quarter. Manchester Capital Management LLC now owns 2,412 shares of the real estate investment trust’s stock valued at $446,000 after acquiring an additional 61 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group News Roundup

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: Several Simon directors made open-market purchases near $202.78 per share, led by Reuben Leibowitz’s 480-share purchase. Directors Daniel Smith, Gary Rodkin, Stefan Selig, Marta Stewart, Randall Lewis, Nina Jones, and Peggy Roe also bought shares. The broad insider buying suggests management sees value after the decline, although the purchases are modest relative to the company’s size. Director insider purchase article
• Positive Sentiment: Market commentary identifies SPG as potentially undervalued, citing its A-rated balance sheet, improving NOI, raised funds-from-operations guidance, and more than 4% dividend yield. The company’s quarterly dividend is $2.25 per share, or $9.00 annualized, with a payout ratio of approximately 63%. A-rated REITs article
• Neutral Sentiment: Analyst opinion remains mixed: the consensus rating is “Hold,” while the average price target of $227.64 implies meaningful upside from recent trading levels. Recent target changes include both increases and a Barclays reduction to $208, indicating uncertainty about the impact of interest rates.
• Negative Sentiment: Rising bond yields remain the primary near-term headwind for SPG and the broader REIT sector. The company also faces approximately $2 billion of debt maturities and carries high reported leverage, making refinancing costs and rate volatility important risks.

About Simon Property Group

Simon Property Group, Inc (NYSE: SPG) is a real estate investment trust that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve consumers and attract national and international retailers.

The company generates revenue primarily through leasing retail and commercial space to tenants and through related property-management and development activities.