Simon Property Group (NYSE:SPG) Sets New 1-Year High – Time to Buy?

Simon Property Group, Inc. (NYSE:SPG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $203.60 and last traded at $201.1530, with a volume of 58348 shares. The stock had previously closed at $201.70.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SPG shares. Scotiabank increased their target price on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. UBS Group increased their price objective on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Tuesday, January 20th. Truist Financial boosted their price objective on shares of Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. increased their price target on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus target price of $197.93.

Simon Property Group Stock Performance

The stock has a fifty day simple moving average of $188.83 and a two-hundred day simple moving average of $182.99. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.44 and a current ratio of 0.90. The stock has a market cap of $65.33 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 6.65 and a beta of 1.39.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.Simon Property Group’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

Simon Property Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Larry C. Glasscock purchased 363 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, for a total transaction of $67,518.00. Following the purchase, the director owned 43,899 shares of the company’s stock, valued at approximately $8,165,214. The trade was a 0.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glyn Aeppel acquired 216 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, for a total transaction of $40,176.00. Following the acquisition, the director owned 19,481 shares in the company, valued at $3,623,466. This represents a 1.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 2,192 shares of company stock worth $407,712 over the last 90 days. Insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Simon Property Group

A number of hedge funds have recently modified their holdings of the business. Stance Capital LLC bought a new position in Simon Property Group during the 3rd quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Simon Property Group in the fourth quarter valued at about $29,000. VSM Wealth Advisory LLC acquired a new stake in shares of Simon Property Group in the second quarter valued at about $30,000. Silicon Valley Capital Partners bought a new position in shares of Simon Property Group during the second quarter worth about $30,000. Finally, Bell Investment Advisors Inc lifted its stake in shares of Simon Property Group by 205.6% in the second quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

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.