Simon Property Group, Inc. (NYSE:SPG) Stock Has Consensus Target Price of $224.07 According to Analysts

Shares of Simon Property Group, Inc. (NYSE:SPG) have been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $224.07.

A number of brokerages have issued reports on SPG. LADENBURG THALM/SH SH boosted their target price on Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Stifel Nicolaus raised their price target on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Piper Sandler lowered their price target on Simon Property Group from $285.00 to $254.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Finally, Scotiabank cut their price objective on Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th.

Insiders Place Their Bets

In related news, Director Daniel C. Smith bought 350 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average cost of $202.78 per share, for a total transaction of $70,973.00. Following the completion of the acquisition, the director owned 34,830 shares in the company, valued at approximately $7,062,827.40. This trade represents a 1.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary M. Rodkin bought 232 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were bought at an average cost of $202.78 per share, with a total value of $47,044.96. Following the completion of the purchase, the director directly owned 21,248 shares in the company, 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. In the last quarter, insiders have bought 1,668 shares of company stock valued at $338,237. 8.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Simon Property Group

Several hedge funds and other institutional investors have recently made changes to their positions in SPG. Nykredit A S acquired a new position in shares of Simon Property Group during the second quarter worth $25,186,000. Corient Private Wealth LP boosted its position in shares of Simon Property Group by 64.3% during the 2nd quarter. Corient Private Wealth LP now owns 87,140 shares of the real estate investment trust’s stock worth $19,489,000 after acquiring an additional 34,112 shares in the last quarter. Saudi Central Bank boosted its position in shares of Simon Property Group by 88.7% during the 2nd quarter. Saudi Central Bank now owns 22,739 shares of the real estate investment trust’s stock worth $5,086,000 after acquiring an additional 10,689 shares in the last quarter. Mystic Asset Management Inc. acquired a new position in shares of Simon Property Group during the 2nd quarter worth about $2,234,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Simon Property Group in the 2nd quarter valued at about $5,074,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Up 0.1%

NYSE SPG opened at $211.85 on Wednesday. The firm’s 50-day moving average is $207.72 and its two-hundred day moving average is $211.39. Simon Property Group has a 12 month low of $172.19 and a 12 month high of $238.50. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $68.54 billion, a P/E ratio of 14.94, a PEG ratio of 3.26 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last announced its earnings results 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). The company had revenue of $1.79 billion for 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 quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, sell-side analysts anticipate that Simon Property Group will post 13.24 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. Simon Property Group’s dividend payout ratio is 63.47%.

Simon Property Group Company Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.