Simon Property Group, Inc. (NYSE:SPG) has been given an average recommendation of “Hold” by the nineteen analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $195.37.

SPG has been the subject of a number of recent analyst reports. Mizuho upgraded shares of Simon Property Group from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Tuesday, May 30th. Stifel Nicolaus initiated coverage on shares of Simon Property Group in a report on Friday, July 14th. They issued a “hold” rating and a $170.00 price objective for the company. Zacks Investment Research lowered shares of Simon Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub lowered shares of Simon Property Group from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Barclays PLC boosted their price objective on shares of Simon Property Group from $188.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, August 8th.

Several large investors have recently bought and sold shares of the company. Alpha Windward LLC raised its stake in Simon Property Group by 4.1% in the first quarter. Alpha Windward LLC now owns 763 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 30 shares during the period. Farmers & Merchants Investments Inc. raised its stake in Simon Property Group by 8.4% in the first quarter. Farmers & Merchants Investments Inc. now owns 643 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 50 shares during the period. DnB Asset Management AS raised its stake in Simon Property Group by 13.2% in the first quarter. DnB Asset Management AS now owns 33,363 shares of the real estate investment trust’s stock valued at $5,739,000 after buying an additional 3,900 shares during the period. Whitnell & Co. raised its stake in Simon Property Group by 6.4% in the first quarter. Whitnell & Co. now owns 5,342 shares of the real estate investment trust’s stock valued at $919,000 after buying an additional 322 shares during the period. Finally, Lederer & Associates Investment Counsel CA raised its stake in Simon Property Group by 1.0% in the first quarter. Lederer & Associates Investment Counsel CA now owns 2,550 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 95.77% of the company’s stock.

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Shares of Simon Property Group (NYSE:SPG) traded down 2.30% during mid-day trading on Friday, hitting $153.58. The stock had a trading volume of 2,131,492 shares. The firm has a market cap of $47.74 billion, a PE ratio of 27.37 and a beta of 0.58. Simon Property Group has a 52-week low of $150.15 and a 52-week high of $219.41. The stock’s 50-day moving average price is $160.22 and its 200-day moving average price is $166.37.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.03. Simon Property Group had a net margin of 32.07% and a return on equity of 39.29%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the business earned $2.63 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts anticipate that Simon Property Group will post $6.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 4.69%. This is a positive change from Simon Property Group’s previous quarterly dividend of $1.75. The ex-dividend date is Tuesday, August 15th. Simon Property Group’s dividend payout ratio is 127.89%.

About Simon Property Group

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.

Analyst Recommendations for Simon Property Group (NYSE:SPG)

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