UBS Group Issues Positive Forecast for Simon Property Group (NYSE:SPG) Stock Price

Simon Property Group (NYSE:SPG) had its price target lifted by UBS Group from $205.00 to $235.00 in a research note released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on SPG. Truist Financial began coverage on shares of Simon Property Group in a research note on Friday, October 2nd. They issued a “hold” rating and a $215.00 price objective on the stock. Argus increased their target price on shares of Simon Property Group from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, September 16th. Ladenburg Thalmann & Co. Inc. raised their target price on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Citigroup lifted their price target on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Finally, Stifel Nicolaus upped their price target on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $230.10.

Simon Property Group Trading Up 0.1%

Shares of Simon Property Group stock opened at $234.81 on Wednesday. The business has a fifty day simple moving average of $209.26 and a 200-day simple moving average of $207.50. Simon Property Group has a fifty-two week low of $177.88 and a fifty-two week high of $238.50. The firm has a market cap of $75.97 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. The company has a quick ratio of 1.05, a current ratio of 0.74 and a debt-to-equity ratio of 5.57.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $3.37 EPS for the quarter, topping the consensus estimate of $1.69 by $1.68. Simon Property Group had a net margin of 63.08% and a return on equity of 78.14%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the business earned $3.22 earnings per share. Simon Property Group’s revenue for the quarter was up 13.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.300-13.400 EPS. On average, equities analysts forecast that Simon Property Group will post 13.35 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be paid a dividend of $2.30 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, December 10th. Simon Property Group’s payout ratio is currently 64.94%.

Insider Buying and Selling

In other news, Director Reuben Leibowitz bought 480 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average cost of $202.78 per share, with a total value of $97,334.40. Following the completion of the transaction, the director directly owned 56,277 shares in the company, valued at approximately $11,411,850.06. The trade was a 0.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marta Stewart bought 199 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average cost of $202.78 per share, for a total transaction of $40,353.22. Following the completion of the transaction, the director owned 18,199 shares of the company’s stock, valued at $3,690,393.22. This represents a 1.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 1,668 shares of company stock valued at $338,237. Company insiders own 8.73% of the company’s stock.

Hedge Funds Weigh In On Simon Property Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Argyle Capital Partners LLC raised its stake in Simon Property Group by 4.5% during the 3rd quarter. Argyle Capital Partners LLC now owns 1,157 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 50 shares during the period. Marest Capital LLC boosted its position in shares of Simon Property Group by 3.0% in the third quarter. Marest Capital LLC now owns 1,737 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 51 shares during the period. WPG Advisers LLC boosted its position in shares of Simon Property Group by 40.3% in the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 52 shares during the period. Cornerstone Advisory LLC boosted its position in shares of Simon Property Group by 4.2% in the third quarter. Cornerstone Advisory LLC now owns 1,330 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 54 shares during the period. Finally, Centaurus Financial Inc. grew its holdings in shares of Simon Property Group by 5.4% during the first quarter. Centaurus Financial Inc. now owns 1,089 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

About Simon Property Group

Simon Property Group is a real estate investment trust that owns, develops and manages shopping, dining and entertainment destinations. Its portfolio includes regional malls, premium outlet centers and mixed-use properties, which combine retail with other uses such as restaurants and entertainment. The company’s properties are located primarily in the United States, with additional investments and operations in international markets, including Europe and Asia. Its business activities include leasing space to retailers and other tenants, operating properties and investing in redevelopment and expansion projects.