Analysts Set Simon Property Group, Inc. (NYSE:SPG) PT at $225.27

Shares of Simon Property Group, Inc. (NYSE:SPG) have been given a consensus recommendation of “Hold” by the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $228.1429.

Several research firms have recently commented on SPG. Piper Sandler boosted their price target on shares of Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Mizuho increased 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. UBS Group lifted their price objective on shares of 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 boosted their price objective on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, August 12th.

Insider Transactions at Simon Property Group

In related news, Director Larry Glasscock acquired 397 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the purchase, the director directly owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Reuben Leibowitz acquired 508 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $223.38 per share, with a total value of $113,477.04. Following the completion of the purchase, the director directly owned 55,797 shares in the company, valued at $12,463,933.86. The trade was a 0.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 2,387 shares of company stock worth $533,056. Company insiders own 8.73% of the company’s stock.

Institutional Trading of Simon Property Group

A number of institutional investors have recently modified their holdings of SPG. California State Teachers Retirement System lifted its position in Simon Property Group by 20,284.8% during the second quarter. California State Teachers Retirement System now owns 105,279,435 shares of the real estate investment trust’s stock valued at $23,545,746,000 after acquiring an additional 104,762,975 shares during the last quarter. BlackRock Inc. grew its holdings in Simon Property Group by 1.2% in the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after purchasing an additional 455,543 shares during the last quarter. State Street Corp grew its holdings in Simon Property Group by 1.5% in the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock worth $4,084,730,000 after purchasing an additional 312,995 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Simon Property Group by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after purchasing an additional 363,337 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Simon Property Group by 2.7% during the second quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock worth $2,100,146,000 after purchasing an additional 242,709 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $209.49 on Tuesday. The firm has a market cap of $67.78 billion, a P/E ratio of 14.77, a P/E/G ratio of 3.16 and a beta of 1.28. 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 12 month low of $172.19 and a 12 month high of $238.50. The stock’s fifty day moving average price is $222.17 and its 200-day moving average price is $208.60.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm earned $1.70 earnings per share. 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, equities research analysts expect that Simon Property Group will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be issued a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.3%. Simon Property Group’s dividend payout ratio (DPR) is currently 63.47%.

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.