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

Simon Property Group, Inc. (NYSE:SPG) has received an average rating of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong 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 $205.7857.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday. Barclays raised their price target on shares of Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Morgan Stanley raised their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. Truist Financial raised their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Finally, Stifel Nicolaus raised their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Stance Capital LLC purchased a new position in Simon Property Group in the 3rd quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new position in Simon Property Group in the 4th quarter valued at approximately $29,000. SHP Wealth Management purchased a new position in Simon Property Group in the 4th quarter valued at approximately $34,000. Dynamic Wealth Strategies LLC grew its stake in Simon Property Group by 195.8% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 139 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new position in Simon Property Group in the 4th quarter valued at approximately $42,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Trading Down 2.4%

Shares of SPG stock opened at $209.96 on Thursday. The company has a 50 day moving average of $204.47 and a 200-day moving average of $194.42. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group has a 12-month low of $155.92 and a 12-month high of $220.43. The firm has a market cap of $68.09 billion, a P/E ratio of 14.59, a PEG ratio of 3.89 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business posted $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. Sell-side analysts anticipate that Simon Property Group will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $2.25 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.3%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

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.