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

Simon Property Group, Inc. (NYSE:SPG) has earned an average recommendation of “Hold” from the seventeen analysts that are presently covering the company, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $213.0667.

Several research firms have recently commented on SPG. Citigroup lifted their target price on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Barclays raised their price target on Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Scotiabank lifted their price objective on Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Bank of America boosted their price objective on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th.

Simon Property Group Price Performance

SPG opened at $218.71 on Monday. Simon Property Group has a one year low of $159.33 and a one year high of $229.59. 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 company’s 50 day simple moving average is $211.32 and its 200-day simple moving average is $198.97. The stock has a market capitalization of $70.92 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 2.83 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share 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 firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company posted $2.95 EPS. Simon Property Group’s revenue was up 19.3% on a year-over-year basis. 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 fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 of this dividend was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Insiders Place Their Bets

In related news, Director Reuben S. Leibowitz purchased 508 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the transaction, the director directly owned 55,797 shares of the company’s stock, valued at approximately $12,463,933.86. This trade represents a 0.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Larry C. Glasscock acquired 397 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $223.38 per share, with a total value of $88,681.86. Following the completion of the purchase, the director owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This trade represents a 0.87% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 2,387 shares of company stock worth $533,056 over the last three months. Insiders own 8.73% of the company’s stock.

Hedge Funds Weigh In On Simon Property Group

Several institutional investors have recently modified their holdings of SPG. Vanguard Group Inc. boosted its stake in Simon Property Group by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock worth $8,694,610,000 after acquiring an additional 286,464 shares during the last quarter. State Street Corp increased its stake in Simon Property Group by 1.5% in the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock valued at $4,084,730,000 after purchasing an additional 312,995 shares in the last quarter. Geode Capital Management LLC increased its stake in Simon Property Group by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock valued at $1,950,967,000 after purchasing an additional 363,337 shares in the last quarter. Capital World Investors raised its holdings in Simon Property Group by 2.7% in the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock worth $1,593,872,000 after purchasing an additional 226,271 shares during the period. Finally, Bank of America Corp DE raised its holdings in Simon Property Group by 6.1% in the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after purchasing an additional 491,519 shares during the period. 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.