Simon Property Group (NYSE:SPG – Get Free Report) had its price objective boosted by analysts at LADENBURG THALM/SH SH from $250.00 to $275.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 23.85% from the company’s previous close.
Several other brokerages have also recently commented on SPG. Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Thursday, July 9th. Morgan Stanley boosted their price objective on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Stifel Nicolaus boosted 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. Finally, Piper Sandler raised their price objective on shares of Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $221.07.
Read Our Latest Stock Report on SPG
Simon Property Group Stock Performance
Simon Property Group (NYSE:SPG – Get Free Report) last issued its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business posted $2.95 EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Equities analysts anticipate that Simon Property Group will post 13.21 EPS for the current fiscal year.
Insider Transactions at Simon Property Group
In related news, Director Reuben S. Leibowitz purchased 508 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.38 per share, with a total value of $113,477.04. Following the completion of the acquisition, the director owned 55,797 shares in the company, valued at $12,463,933.86. This trade represents a 0.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Glyn Aeppel bought 243 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the purchase, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This trade represents a 1.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 2,387 shares of company stock worth $533,056 in the last three months. 8.73% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Simon Property Group
A number of institutional investors and hedge funds have recently made changes to their positions in SPG. PFG Investments LLC raised its position in Simon Property Group by 2.2% in the first quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 50 shares during the period. WPG Advisers LLC boosted its holdings in Simon Property Group by 40.3% during the 2nd quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 52 shares during the period. Great Valley Advisor Group Inc. increased its stake in Simon Property Group by 2.3% during the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 52 shares during the period. Veridan Wealth LLC boosted its stake in shares of Simon Property Group by 1.2% in the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock valued at $845,000 after purchasing an additional 53 shares during the period. Finally, CYBER HORNET ETFs LLC grew its holdings in shares of Simon Property Group by 6.2% in the fourth 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 in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.
More Simon Property Group News
Here are the key news stories impacting Simon Property Group this week:
- Positive Sentiment: Q2 funds from operations beat expectations. Real estate FFO was $3.29 per share, above the $3.18 consensus estimate and up from $3.05 a year earlier. Revenue rose approximately 19.5% year over year to $1.79 billion, exceeding estimates. SPG’s Q2 FFO Top Estimates on Leasing Strength, Guidance Raised
- Positive Sentiment: Leasing and retailer performance remained strong. Management reported record leasing activity, accelerating shopper traffic and a 13.9% increase in retailer sales. Premium outlets and destination properties benefited from live events and other initiatives designed to drive physical-store visits. Simon Property Group Leverages Live Events to Drive 13.9% Retailer Sales Growth
- Positive Sentiment: Full-year 2026 guidance was raised. Simon now expects real estate FFO of $13.20 to $13.30 per share, reflecting confidence in leasing, sales trends and recent acquisitions. The quarterly common-stock dividend remains $2.25 per share, equivalent to an indicated yield of roughly 4.1%. Simon Reports Second Quarter 2026 Results and Increases Guidance
- Positive Sentiment: Saks Global closures could create additional rent opportunities. Although Saks vacated roughly 1 million square feet and stopped paying $18 million in rent, Simon is reportedly positioned to replace the space and potentially more than double the associated rental income over time. Simon Poised to Rake in Millions More in Rent Thanks to Saks Global Closures
- Neutral Sentiment: Investors are weighing the quality of earnings. Reported EPS figures vary because REIT investors focus on recurring FFO: one data provider cited diluted EPS of $0.29, while adjusted FFO was $3.29 per share. Guidance was increased only modestly and is close to the $13.21 consensus estimate.
- Negative Sentiment: Retailer restructurings remain a risk. Saks’ rent stoppage highlights potential vacancy and collection pressure if luxury or department-store tenants continue closing locations, even though Simon expects to redevelop or re-lease the affected space.
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.
See Also
- Five stocks we like better than Simon Property Group
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Simon Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group and related companies with MarketBeat.com's FREE daily email newsletter.
