Simon Property Group (NYSE:SPG) Downgraded by Deutsche Bank Aktiengesellschaft to Hold

Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group (NYSE:SPG) from a buy rating to a hold rating in a research report report published on Thursday morning, Marketbeat reports. They currently have $220.00 target price on the real estate investment trust’s stock.

Several other research analysts have also weighed in on SPG. Citigroup lifted their target price on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Scotiabank lifted their target price on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. Morgan Stanley raised their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. lifted their target price on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Finally, Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $213.07.

Simon Property Group Stock Up 0.3%

NYSE:SPG opened at $219.68 on Thursday. 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 $159.33 and a 12-month high of $229.59. The firm has a market capitalization of $71.24 billion, a P/E ratio of 15.27, a P/E/G ratio of 3.96 and a beta of 1.29. The stock’s fifty day simple moving average is $210.95 and its 200-day simple moving average is $198.75.

Simon Property Group (NYSE:SPG) last posted its 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. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities research analysts expect that Simon Property Group will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $2.25 dividend. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Insider Buying and Selling at Simon Property Group

In other news, Director Marta R. Stewart purchased 182 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the purchase, the director directly owned 18,000 shares of the company’s stock, valued at $4,016,880. This trade represents a 1.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Larry C. Glasscock purchased 397 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the purchase, the director directly owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This represents a 0.87% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 2,387 shares of company stock worth $533,056 in the last 90 days. Company insiders own 8.73% of the company’s stock.

Institutional Investors Weigh In On Simon Property Group

A number of large investors have recently bought and sold shares of SPG. Brighton Jones LLC acquired a new stake in shares of Simon Property Group during the 4th quarter worth approximately $295,000. Marshall Wace LLP raised its holdings 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 buying an additional 15,033 shares in the last quarter. Jump Financial LLC raised its holdings 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 buying an additional 7,506 shares in 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 buying 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 buying an additional 3,372 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

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.