Simon Property Group (NYSE:SPG) Hits New 12-Month High – Should You Buy?

Simon Property Group, Inc. (NYSE:SPG)’s share price reached a new 52-week high on Tuesday . The company traded as high as $228.60 and last traded at $228.5890, with a volume of 82431 shares trading hands. The stock had previously closed at $225.00.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SPG shares. Scotiabank boosted their price target on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Weiss Ratings cut Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Truist Financial upped their target price on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. increased their price target on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $211.93.

Simon Property Group Price Performance

The stock has a market capitalization of $74.17 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 4.09 and a beta of 1.29. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50-day simple moving average is $209.31 and its 200-day simple moving average is $197.66.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, sell-side analysts expect that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

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

Insider Activity

In other Simon Property Group news, Director Gary M. Rodkin bought 256 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the purchase, the director owned 21,016 shares of the company’s stock, valued at $4,693,713.44. The trade was a 1.23% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel C. Smith bought 372 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the acquisition, the director directly owned 34,480 shares in the company, valued at $7,699,728.80. The trade was a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by insiders.

Hedge Funds Weigh In On Simon Property Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clark Capital Management Group Inc. boosted its stake in Simon Property Group by 1.7% in the 3rd quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock valued at $46,361,000 after purchasing an additional 4,177 shares during the period. Union Bancaire Privee UBP SA increased its position in Simon Property Group by 22.6% during the 4th quarter. Union Bancaire Privee UBP SA now owns 39,366 shares of the real estate investment trust’s stock worth $7,287,000 after buying an additional 7,266 shares during the period. Danske Bank A S increased its position in Simon Property Group by 11.1% during the 4th quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock worth $35,901,000 after buying an additional 19,300 shares during the period. Davis Selected Advisers lifted its holdings in shares of Simon Property Group by 30.7% during the third quarter. Davis Selected Advisers now owns 76,733 shares of the real estate investment trust’s stock worth $14,400,000 after buying an additional 18,010 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Simon Property Group by 3.5% during the third quarter. California Public Employees Retirement System now owns 579,458 shares of the real estate investment trust’s stock worth $108,747,000 after buying an additional 19,608 shares in the last quarter. 93.01% of the stock is 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.