Simon Property Group, Inc. (NYSE:SPG) Receives Consensus Rating of “Hold” from Brokerages

Simon Property Group, Inc. (NYSE:SPG) has received an average rating of “Hold” from the fourteen research firms that are covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $193.8462.

A number of analysts recently commented on SPG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Mizuho set a $192.00 target price on Simon Property Group in a research report on Friday, January 9th. UBS Group lifted their target price on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Stifel Nicolaus boosted their price target on shares of Simon Property Group from $179.00 to $184.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Finally, Scotiabank raised their price objective on shares of Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday.

Insiders Place Their Bets

In other news, Director Reuben S. Leibowitz acquired 480 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, with a total value of $89,280.00. Following the completion of the acquisition, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This trade represents a 0.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary M. Rodkin bought 226 shares of the stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the purchase, the director owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 2,192 shares of company stock valued at $407,712 in the last quarter. 8.66% of the stock is currently owned by company insiders.

Institutional Trading of Simon Property Group

A number of institutional investors have recently modified their holdings of SPG. Stance Capital LLC purchased a new position in Simon Property Group in the 3rd quarter valued at approximately $26,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Simon Property Group during the second quarter worth $25,000. Silicon Valley Capital Partners bought a new position in shares of Simon Property Group in the second quarter worth $30,000. VSM Wealth Advisory LLC purchased a new position in shares of Simon Property Group in the second quarter valued at $30,000. Finally, Atlantic Union Bankshares Corp grew its position in shares of Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Stock Up 1.4%

SPG opened at $184.94 on Monday. Simon Property Group has a fifty-two week low of $136.34 and a fifty-two week high of $190.13. The firm has a market capitalization of $60.38 billion, a P/E ratio of 26.92, a PEG ratio of 8.81 and a beta of 1.37. The company’s 50-day moving average is $184.11 and its 200 day moving average is $178.07. The company has a debt-to-equity ratio of 9.59, a current ratio of 1.44 and a quick ratio of 1.44.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 EPS for the quarter, beating the consensus estimate of $3.09 by $0.13. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business posted $3.05 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Research analysts expect that Simon Property Group will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were issued a $2.20 dividend. This is a boost from Simon Property Group’s previous quarterly dividend of $2.15. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.8%. Simon Property Group’s payout ratio is presently 128.09%.

About Simon Property Group

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.