Simon Property Group (NYSE:SPG) Price Target Raised to $196.00 at Truist Financial

Simon Property Group (NYSE:SPG) had its price objective lifted by Truist Financial from $181.00 to $196.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the company. Barclays reiterated a “positive” rating and set a $188.00 price target on shares of Simon Property Group in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Morgan Stanley set a $205.00 target price on shares of Simon Property Group in a research note on Friday, January 16th. Scotiabank upped their price target on shares of Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Finally, Citigroup increased their price objective on shares of Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $199.36.

Simon Property Group Trading Down 0.4%

NYSE:SPG opened at $203.07 on Monday. Simon Property Group has a 12-month low of $136.34 and a 12-month high of $205.12. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50 day simple moving average of $190.89 and a 200 day simple moving average of $184.39. The firm has a market capitalization of $66.30 billion, a P/E ratio of 14.32, a P/E/G ratio of 6.73 and a beta of 1.35.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating the consensus estimate of $3.47 by $0.02. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. Simon Property Group’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities research analysts predict that Simon Property Group will post 12.54 EPS for the current year.

Simon Property Group declared that its board has initiated a stock buyback plan on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $2.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.3%. Simon Property Group’s payout ratio is 62.06%.

Insider Activity at Simon Property Group

In related news, Director Gary M. Rodkin acquired 226 shares of Simon Property Group stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, with a total value of $42,036.00. Following the purchase, the director directly owned 19,455 shares in the company, valued at $3,618,630. The trade was a 1.18% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glyn Aeppel bought 216 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the transaction, the director directly owned 19,481 shares of the company’s stock, valued at $3,623,466. This trade represents a 1.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 2,192 shares of company stock worth $407,712. 8.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Simon Property Group

Large investors have recently made changes to their positions in the company. Great Valley Advisor Group Inc. grew its position in Simon Property Group by 2.3% during the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after buying an additional 52 shares in the last quarter. Veridan Wealth LLC increased its position in shares of Simon Property Group by 1.2% in the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after purchasing an additional 53 shares during the period. CYBER HORNET ETFs LLC raised its stake in Simon Property Group by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 55 shares in the last quarter. Embree Financial Group raised its position in shares of Simon Property Group by 2.4% in the 4th quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock valued at $447,000 after buying an additional 56 shares in the last quarter. Finally, Tobias Financial Advisors Inc. raised its position in shares of Simon Property Group by 1.5% in the 4th quarter. Tobias Financial Advisors Inc. now owns 3,804 shares of the real estate investment trust’s stock valued at $704,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

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.