Simon Property Group, Inc. (NYSE:SPG) Given Average Rating of “Hold” by Analysts

Simon Property Group, Inc. (NYSE:SPG) has earned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $197.9286.

A number of equities analysts recently weighed in on SPG shares. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a report on Friday, January 16th. Evercore boosted their target price on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research note on Tuesday, February 3rd. Stifel Nicolaus increased their price target on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research note on Tuesday, February 3rd. Scotiabank lifted their price objective on shares of Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Tuesday, January 20th.

Insider Activity at Simon Property Group

In other news, Director Stefan M. Selig bought 201 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, with a total value of $37,386.00. Following the completion of the purchase, the director directly owned 32,277 shares in the company, valued at $6,003,522. The trade was a 0.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Glyn Aeppel purchased 216 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $40,176.00. Following the purchase, the director owned 19,481 shares of the company’s stock, valued at approximately $3,623,466. The trade was a 1.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 2,192 shares of company stock worth $407,712 in the last three months. 8.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Great Valley Advisor Group Inc. boosted its position in Simon Property Group by 2.3% during the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $437,000 after buying an additional 52 shares during the period. CYBER HORNET ETFs LLC increased its holdings in Simon Property Group by 6.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 55 shares during the period. Embree Financial Group lifted its holdings in Simon Property Group by 2.4% in the 4th quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock worth $447,000 after buying an additional 56 shares during the period. O ROURKE & COMPANY Inc grew its position in shares of Simon Property Group by 2.8% in the 4th quarter. O ROURKE & COMPANY Inc now owns 2,124 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 57 shares during the last quarter. Finally, Washington Trust Bank increased its stake in shares of Simon Property Group by 3.5% during the fourth quarter. Washington Trust Bank now owns 1,776 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 60 shares during the period. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

NYSE SPG opened at $191.57 on Friday. The company has a fifty day moving average price of $186.68 and a 200-day moving average price of $181.33. The firm has a market cap of $62.54 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 7.16 and a beta of 1.39. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 1.44. Simon Property Group has a 1 year low of $136.34 and a 1 year high of $201.40.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating the consensus estimate of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $3.68 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, equities research analysts predict that Simon Property Group will post 12.54 EPS for the current fiscal year.

Simon Property Group announced that its Board of Directors has initiated a share buyback plan on Thursday, February 5th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the real estate investment trust to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is currently 62.06%.

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.