Simon Property Group (NYSE:SPG) Releases Earnings Results, Beats Estimates By $0.12 EPS

Simon Property Group (NYSE:SPG) posted its earnings results on Monday. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.12, Zacks reports. Simon Property Group had a net margin of 36.78% and a return on equity of 72.38%. Simon Property Group updated its FY 2025 guidance to 12.600-12.700 EPS.

Simon Property Group Trading Up 0.6%

Shares of NYSE SPG traded up $1.07 during trading on Monday, reaching $176.83. The company had a trading volume of 1,964,981 shares, compared to its average volume of 1,628,360. The company’s fifty day moving average price is $180.19 and its 200-day moving average price is $168.67. Simon Property Group has a 12 month low of $136.34 and a 12 month high of $190.13. The stock has a market cap of $57.73 billion, a P/E ratio of 27.33, a PEG ratio of 12.73 and a beta of 1.50. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 9.05.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Glyn Aeppel bought 208 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average price of $185.95 per share, for a total transaction of $38,677.60. Following the transaction, the director directly owned 19,265 shares in the company, valued at approximately $3,582,326.75. This trade represents a 1.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary M. Rodkin bought 219 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were acquired at an average price of $185.95 per share, for a total transaction of $40,723.05. Following the transaction, the director owned 19,229 shares in the company, valued at $3,575,632.55. This represents a 1.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 2,163 shares of company stock worth $401,605. 8.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. FORA Capital LLC acquired a new position in Simon Property Group during the 2nd quarter worth approximately $399,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Simon Property Group by 11.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 969,164 shares of the real estate investment trust’s stock valued at $155,903,000 after purchasing an additional 95,965 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Simon Property Group by 27.6% during the second quarter. Tower Research Capital LLC TRC now owns 18,288 shares of the real estate investment trust’s stock worth $2,940,000 after buying an additional 3,951 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Simon Property Group during the second quarter worth $145,000. Finally, Howland Capital Management LLC raised its position in Simon Property Group by 2.1% in the 2nd quarter. Howland Capital Management LLC now owns 11,488 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 240 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPG has been the subject of several research analyst reports. Argus restated a “buy” rating and issued a $185.00 price objective on shares of Simon Property Group in a research report on Friday, September 5th. LADENBURG THALM/SH SH began coverage on shares of Simon Property Group in a research note on Friday, July 18th. They issued a “buy” rating and a $225.00 target price for the company. Evercore ISI boosted their price target on shares of Simon Property Group from $187.00 to $188.00 and gave the stock an “in-line” rating in a research report on Friday, October 17th. Stifel Nicolaus cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $179.00 price target on the stock. in a research report on Tuesday, September 2nd. Finally, Barclays upped their target price on shares of Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $187.31.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.