Simon Property Group (NYSE:SPG) Reaches New 1-Year High – Still a Buy?

Shares of Simon Property Group, Inc. (NYSE:SPG) hit a new 52-week high on Friday . The stock traded as high as $209.92 and last traded at $208.5770, with a volume of 261452 shares. The stock had previously closed at $206.22.

Wall Street Analyst Weigh In

SPG has been the subject of several research reports. Scotiabank lifted their price target on shares of Simon Property Group from $192.00 to $206.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Weiss Ratings downgraded shares of Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. boosted their price target on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Evercore set a $207.00 target price on shares of Simon Property Group in a report on Tuesday, May 12th. Finally, Citigroup lifted their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus target price of $205.57.

Simon Property Group Price Performance

The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $68.30 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 3.80 and a beta of 1.31. The stock’s 50 day simple moving average is $200.08 and its 200-day simple moving average is $192.63.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business earned $2.95 EPS. Simon Property Group’s quarterly revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.3%. Simon Property Group’s dividend payout ratio is currently 61.15%.

Institutional Trading of Simon Property Group

Several large investors have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in shares of Simon Property Group during the 4th quarter worth about $295,000. Marshall Wace LLP lifted its position in shares of Simon Property Group by 316.2% during the 2nd quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after purchasing an additional 15,033 shares during the last quarter. Jump Financial LLC lifted its position in shares of Simon Property Group by 80.1% during the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock worth $2,714,000 after purchasing an additional 7,506 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Simon Property Group by 1.7% during the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock worth $5,745,000 after purchasing an additional 598 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Simon Property Group by 13.4% during the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock worth $4,573,000 after purchasing an additional 3,372 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

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.