Simon Property Group (NYSE:SPG) Issues FY 2025 Earnings Guidance

Simon Property Group (NYSE:SPG) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 12.400-12.650 for the period, compared to the consensus estimate of 12.560. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Scotiabank lowered their target price on Simon Property Group from $186.00 to $159.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. StockNews.com downgraded Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Stifel Nicolaus increased their target price on Simon Property Group from $168.50 to $180.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $179.67.

Simon Property Group Stock Performance

NYSE:SPG opened at $160.84 on Wednesday. The stock’s fifty day moving average is $158.31 and its 200 day moving average is $171.07. Simon Property Group has a fifty-two week low of $136.34 and a fifty-two week high of $190.14. The firm has a market capitalization of $52.48 billion, a PE ratio of 22.15, a PEG ratio of 10.10 and a beta of 1.43. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, May 12th. The real estate investment trust reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.04. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $3.56 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Simon Property Group will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a $2.10 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $8.40 dividend on an annualized basis and a yield of 5.22%. Simon Property Group’s payout ratio is 115.70%.

Institutional Trading of Simon Property Group

An institutional investor recently bought a new position in Simon Property Group stock. Brighton Jones LLC purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,713 shares of the real estate investment trust’s stock, valued at approximately $295,000. 93.01% of the stock is owned by institutional investors.

Simon Property Group Company Profile

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.