Bank of America Issues Positive Forecast for Simon Property Group (NYSE:SPG) Stock Price

Simon Property Group (NYSE:SPG) had its target price lifted by equities research analysts at Bank of America from $225.00 to $236.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Bank of America‘s price target would indicate a potential upside of 4.41% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Evercore set a $208.00 target price on Simon Property Group in a research note on Monday, June 8th. Scotiabank raised their price objective on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Citigroup boosted their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Morgan Stanley upped their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Finally, Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $211.47.

Simon Property Group Stock Down 0.4%

SPG stock opened at $226.03 on Monday. Simon Property Group has a 12 month low of $158.00 and a 12 month high of $228.58. The company has a market cap of $73.30 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 4.10 and a beta of 1.31. The firm has a 50-day moving average of $207.23 and a two-hundred day moving average of $196.14. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 104.54% and a net margin of 70.60%.Simon Property Group’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, analysts forecast that Simon Property Group will post 13.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Simon Property Group

Several institutional investors have recently bought and sold shares of SPG. Sapient Capital LLC boosted its holdings in shares of Simon Property Group by 1.1% in the first quarter. Sapient Capital LLC now owns 111,276 shares of the real estate investment trust’s stock valued at $20,756,000 after acquiring an additional 1,230 shares in the last quarter. DV Trading LLC acquired a new stake in Simon Property Group in the first quarter valued at about $224,000. Parallel Advisors LLC boosted its holdings in Simon Property Group by 8.8% in the 1st quarter. Parallel Advisors LLC now owns 5,431 shares of the real estate investment trust’s stock valued at $1,013,000 after purchasing an additional 440 shares in the last quarter. Alpine Woods Capital Investors LLC boosted its holdings in Simon Property Group by 24.5% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 16,470 shares of the real estate investment trust’s stock valued at $3,072,000 after purchasing an additional 3,246 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its position in Simon Property Group by 0.8% during the 1st quarter. Glenmede Trust Co. NA now owns 85,912 shares of the real estate investment trust’s stock worth $16,025,000 after purchasing an additional 671 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

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.