Simon Property Group (NYSE:SPG) Stock Picked Up by Analysts at BNP Paribas Exane

Equities research analysts at BNP Paribas Exane began coverage on shares of Simon Property Group (NYSE:SPG) in a research report issued to clients and investors on Friday, Briefing.com reports. The brokerage set a “neutral” rating and a $222.00 price target on the real estate investment trust’s stock. BNP Paribas Exane’s price objective suggests a potential upside of 11.26% from the company’s previous close.

SPG has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Thursday, July 9th. Citigroup increased their price target on Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Mizuho lifted their price objective on shares of Simon Property Group from $211.00 to $226.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Evercore set a $216.00 target price on shares of Simon Property Group in a research report on Monday, September 21st. Finally, Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $227.27.

Simon Property Group Trading Up 1.0%

SPG opened at $199.53 on Friday. Simon Property Group has a twelve month low of $172.19 and a twelve month high of $238.50. The company has a fifty day moving average of $211.89 and a 200-day moving average of $209.85. The stock has a market cap of $64.56 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 3.05 and a beta of 1.30. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company posted $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, sell-side analysts predict that Simon Property Group will post 13.23 EPS for the current year.

Insider Activity

In other news, Director Daniel Smith acquired 350 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average price of $202.78 per share, for a total transaction of $70,973.00. Following the completion of the acquisition, the director directly owned 34,830 shares in the company, valued at $7,062,827.40. The trade was a 1.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marta Stewart bought 199 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average price of $202.78 per share, for a total transaction of $40,353.22. Following the completion of the acquisition, the director owned 18,199 shares in the company, valued at $3,690,393.22. This represents a 1.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 1,668 shares of company stock valued at $338,237. Corporate insiders own 8.73% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in shares of Simon Property Group by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 337,371 shares of the real estate investment trust’s stock worth $75,453,000 after acquiring an additional 11,947 shares during the last quarter. U S Wealth Group LLC. boosted its stake in Simon Property Group by 9.8% during the 2nd quarter. U S Wealth Group LLC. now owns 16,406 shares of the real estate investment trust’s stock valued at $3,669,000 after purchasing an additional 1,458 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Simon Property Group by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 248,541 shares of the real estate investment trust’s stock worth $55,586,000 after purchasing an additional 2,902 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Simon Property Group by 20.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,752 shares of the real estate investment trust’s stock worth $2,628,000 after purchasing an additional 1,974 shares in the last quarter. Finally, IPG Investment Advisors LLC purchased a new stake in shares of Simon Property Group in the second quarter worth approximately $1,903,000. 93.01% of the stock is owned by institutional investors.

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.