Zacks Research Has Pessimistic Outlook of SPG Q1 Earnings

Simon Property Group, Inc. (NYSE:SPG) – Zacks Research lowered their Q1 2026 earnings per share estimates for Simon Property Group in a research note issued on Monday, November 24th. Zacks Research analyst Team now expects that the real estate investment trust will earn $2.94 per share for the quarter, down from their previous estimate of $2.95. The consensus estimate for Simon Property Group’s current full-year earnings is $12.54 per share. Zacks Research also issued estimates for Simon Property Group’s Q3 2026 earnings at $3.22 EPS, Q2 2027 earnings at $3.16 EPS and FY2027 earnings at $13.06 EPS.

Several other research analysts have also commented on the stock. Truist Financial raised their price objective on shares of Simon Property Group from $168.00 to $169.00 and gave the company a “hold” rating in a research note on Monday, August 25th. Argus reiterated a “buy” rating and issued a $185.00 target price on shares of Simon Property Group in a report on Friday, September 5th. Scotiabank boosted their target price on Simon Property Group from $173.00 to $186.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Barclays upped their price target on Simon Property Group from $180.00 to $186.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 18th. Finally, Citigroup lifted their price objective on Simon Property Group from $170.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Simon Property Group has an average rating of “Hold” and a consensus price target of $189.93.

Simon Property Group Trading Up 0.3%

Shares of SPG stock opened at $185.74 on Wednesday. Simon Property Group has a 1-year low of $136.34 and a 1-year high of $190.13. The firm has a market cap of $60.64 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 12.73 and a beta of 1.50. The company has a 50-day moving average of $180.95 and a two-hundred day moving average of $171.89. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.23 and a quick ratio of 1.23.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.13. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Simon Property Group had a return on equity of 72.38% and a net margin of 36.78%.The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.05 EPS. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS.

Hedge Funds Weigh In On Simon Property Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC purchased a new stake in Simon Property Group during the fourth quarter worth $295,000. Avantax Advisory Services Inc. grew its position in Simon Property Group by 32.3% during the first quarter. Avantax Advisory Services Inc. now owns 19,195 shares of the real estate investment trust’s stock valued at $3,188,000 after acquiring an additional 4,691 shares during the period. Cetera Investment Advisers grew its holdings in shares of Simon Property Group by 6.2% during the 1st quarter. Cetera Investment Advisers now owns 45,776 shares of the real estate investment trust’s stock worth $7,602,000 after purchasing an additional 2,669 shares during the period. Assetmark Inc. raised its position in Simon Property Group by 12.8% in the first quarter. Assetmark Inc. now owns 9,636 shares of the real estate investment trust’s stock valued at $1,600,000 after purchasing an additional 1,091 shares during the period. Finally, HB Wealth Management LLC lifted its position in Simon Property Group by 11.6% during the 1st quarter. HB Wealth Management LLC now owns 6,530 shares of the real estate investment trust’s stock worth $1,085,000 after acquiring an additional 679 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Simon Property Group news, Director Gary M. Rodkin acquired 219 shares of the stock in a transaction on Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, with a total value of $40,723.05. Following the transaction, the director owned 19,229 shares of the company’s stock, valued at approximately $3,575,632.55. This trade represents a 1.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel C. Smith purchased 335 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, for a total transaction of $62,293.25. Following the acquisition, the director owned 32,333 shares of the company’s stock, valued at approximately $6,012,321.35. The trade was a 1.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 2,121 shares of company stock worth $394,400 over the last 90 days. 8.66% of the stock is owned by corporate insiders.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a dividend of $2.20 per share. The ex-dividend date is Wednesday, December 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.7%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s dividend payout ratio (DPR) is 128.09%.

About Simon Property Group

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.