Simon Property Group, Inc. (NYSE:SPG) Receives $213.07 Average PT from Brokerages

Shares of Simon Property Group, Inc. (NYSE:SPG) have been given a consensus rating of “Hold” by the sixteen brokerages that are covering the firm, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $212.2143.

SPG has been the topic of a number of recent research reports. Evercore set a $215.00 price target on shares of Simon Property Group in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 14th. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Bank of America increased their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, Truist Financial lifted their target price on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd.

Simon Property Group Stock Down 0.1%

Shares of NYSE:SPG opened at $228.47 on Monday. The firm has a fifty day moving average price of $213.40 and a two-hundred day moving average price of $200.24. The company has a market cap of $74.09 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 2.95 and a beta of 1.29. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. Simon Property Group has a one year low of $159.70 and a one year high of $231.53.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. The business’s quarterly 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. Analysts anticipate that Simon Property Group will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced 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 a boost 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 3.9%. Simon Property Group’s dividend payout ratio is presently 62.54%.

Insider Activity at Simon Property Group

In related news, Director Glyn Aeppel bought 243 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the acquisition, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. The trade was a 1.17% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marta R. Stewart purchased 182 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the completion of the purchase, the director directly owned 18,000 shares in the company, valued at approximately $4,016,880. This trade represents a 1.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 2,387 shares of company stock worth $533,056 over the last three months. Corporate insiders own 8.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Stance Capital LLC bought a new stake in Simon Property Group in the 3rd quarter worth $26,000. Wilkerson Advisory Group LLC bought a new position in shares of Simon Property Group during the fourth quarter valued at about $29,000. SHP Wealth Management bought a new position in shares of Simon Property Group during the fourth quarter valued at about $34,000. Dynamic Wealth Strategies LLC boosted its holdings in shares of Simon Property Group by 195.8% during the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 139 shares during the period. Finally, Tompkins Financial Corp purchased a new stake in shares of Simon Property Group during the fourth quarter worth about $42,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

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.