Simon Property Group (NYSE:SPG) Price Target Raised to $275.00 at LADENBURG THALM/SH SH

Simon Property Group (NYSE:SPG) had its price objective lifted by LADENBURG THALM/SH SH from $250.00 to $275.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s price objective would indicate a potential upside of 23.85% from the stock’s previous close.

A number of other brokerages also recently issued reports on SPG. Bank of America increased their price target on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. Truist Financial upped their target price on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 14th. Stifel Nicolaus boosted their price target on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus price target of $221.07.

Simon Property Group Stock Performance

Shares of SPG stock traded up $1.50 during trading hours on Tuesday, hitting $222.04. The stock had a trading volume of 851,694 shares, compared to its average volume of 1,727,197. Simon Property Group has a twelve month low of $165.37 and a twelve month high of $238.50. The firm has a market capitalization of $72.01 billion, a PE ratio of 15.44, a PEG ratio of 2.88 and a beta of 1.30. The stock’s 50 day moving average is $221.15 and its 200 day moving average is $205.09. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84.

Simon Property Group (NYSE:SPG) last issued 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. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm earned $2.95 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, research analysts forecast that Simon Property Group will post 13.21 earnings per share for the current fiscal year.

Insider Activity

In other Simon Property Group news, Director Daniel C. Smith purchased 372 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, with a total value of $83,071.32. Following the purchase, the director directly owned 34,480 shares in the company, valued at $7,699,728.80. This trade represents a 1.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry C. Glasscock bought 397 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, with a total value of $88,681.86. Following the completion of the purchase, the director directly owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 2,387 shares of company stock worth $533,056 in the last quarter. Corporate insiders own 8.73% of the company’s stock.

Hedge Funds Weigh In On Simon Property Group

A number of hedge funds have recently made changes to their positions in SPG. Virtus Advisers LLC acquired a new position in Simon Property Group in the second quarter valued at $254,000. Silvant Capital Management LLC acquired a new stake in Simon Property Group during the second quarter worth about $184,000. Mystic Asset Management Inc. purchased a new position in shares of Simon Property Group in the 2nd quarter worth about $2,234,000. Fairtree Asset Management Pty Ltd purchased a new position in shares of Simon Property Group in the 2nd quarter worth about $925,000. Finally, Oxford Financial Group LTD. LLC acquired a new position in shares of Simon Property Group in the 2nd quarter valued at about $635,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Key Simon Property Group News

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: Q2 funds from operations beat expectations. Real estate FFO was $3.29 per share, above the $3.18 consensus estimate and up from $3.05 a year earlier. Revenue rose approximately 19.5% year over year to $1.79 billion, exceeding estimates. SPG’s Q2 FFO Top Estimates on Leasing Strength, Guidance Raised
• Positive Sentiment: Leasing and retailer performance remained strong. Management reported record leasing activity, accelerating shopper traffic and a 13.9% increase in retailer sales. Premium outlets and destination properties benefited from live events and other initiatives designed to drive physical-store visits. Simon Property Group Leverages Live Events to Drive 13.9% Retailer Sales Growth
• Positive Sentiment: Full-year 2026 guidance was raised. Simon now expects real estate FFO of $13.20 to $13.30 per share, reflecting confidence in leasing, sales trends and recent acquisitions. The quarterly common-stock dividend remains $2.25 per share, equivalent to an indicated yield of roughly 4.1%. Simon Reports Second Quarter 2026 Results and Increases Guidance
• Positive Sentiment: Saks Global closures could create additional rent opportunities. Although Saks vacated roughly 1 million square feet and stopped paying $18 million in rent, Simon is reportedly positioned to replace the space and potentially more than double the associated rental income over time. Simon Poised to Rake in Millions More in Rent Thanks to Saks Global Closures
• Neutral Sentiment: Investors are weighing the quality of earnings. Reported EPS figures vary because REIT investors focus on recurring FFO: one data provider cited diluted EPS of $0.29, while adjusted FFO was $3.29 per share. Guidance was increased only modestly and is close to the $13.21 consensus estimate.
• Negative Sentiment: Retailer restructurings remain a risk. Saks’ rent stoppage highlights potential vacancy and collection pressure if luxury or department-store tenants continue closing locations, even though Simon expects to redevelop or re-lease the affected space.

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.