Simon Property Group, Inc. (NYSE:SPG) Stock Rated “Hold” by Wall Street Brokerages

Simon Property Group, Inc. (NYSE:SPG) has earned a consensus rating of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Twelve research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $227.64.

A number of equities analysts recently commented on the company. Barclays reduced their price target on Simon Property Group from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday. Scotiabank cut their price objective on Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. Piper Sandler lifted their target price on Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Truist Financial began coverage on Simon Property Group in a report on Friday. They set a “hold” rating and a $215.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research note on Thursday, July 9th.

Simon Property Group Trading Up 0.2%

Shares of NYSE:SPG opened at $201.15 on Friday. The company’s 50-day moving average price is $214.57 and its two-hundred day moving average price is $209.40. Simon Property Group has a one year low of $172.19 and a one year high of $238.50. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $65.08 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.15). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities analysts forecast that Simon Property Group will post 13.23 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.5%. Simon Property Group’s payout ratio is presently 63.47%.

Insiders Place Their Bets

In related news, Director Reuben Leibowitz purchased 480 shares of the stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $202.78 per share, with a total value of $97,334.40. Following the acquisition, the director directly owned 56,277 shares in the company, valued at $11,411,850.06. The trade was a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Marta Stewart acquired 199 shares of Simon Property Group stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average price of $202.78 per share, with a total value of $40,353.22. Following the acquisition, the director owned 18,199 shares of the company’s stock, valued at approximately $3,690,393.22. This trade represents a 1.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 1,668 shares of company stock worth $338,237 in the last 90 days. Corporate insiders own 8.73% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of Simon Property Group by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 337,371 shares of the real estate investment trust’s stock valued at $75,453,000 after buying an additional 11,947 shares in the last quarter. U S Wealth Group LLC. grew its position in Simon Property Group by 9.8% during the second quarter. U S Wealth Group LLC. now owns 16,406 shares of the real estate investment trust’s stock worth $3,669,000 after buying an additional 1,458 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Simon Property Group by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 248,541 shares of the real estate investment trust’s stock worth $55,586,000 after acquiring an additional 2,902 shares during the period. Sequoia Financial Advisors LLC increased its stake in Simon Property Group by 20.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,752 shares of the real estate investment trust’s stock worth $2,628,000 after acquiring an additional 1,974 shares during the period. Finally, IPG Investment Advisors LLC acquired a new position in Simon Property Group in the 2nd quarter valued at $1,903,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Simon Property Group

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: Truist Financial initiated coverage with a “hold” rating and a $215 price target, implying roughly 6.9% upside from the referenced trading level. The target provides support for the view that SPG may be undervalued after its recent pullback. Benzinga analyst coverage article
• Positive Sentiment: Multiple Simon directors purchased shares at approximately $202.78, led by Reuben Leibowitz’s 480-share purchase. Seven other directors, including Daniel Smith, Gary Rodkin, Stefan Selig, Marta Stewart, Randall Lewis, Nina Jones, and Peggy Roe, also bought shares. The combined insider purchases total approximately $338,000 and may signal that management views SPG as attractively valued. Simon Property Group insider buying report
• Positive Sentiment: A Seeking Alpha analysis identifies Simon Property Group as an A-rated REIT offering a yield above 4%, with accelerating net operating income and improved funds-from-operations guidance potentially supporting double-digit total returns if the sector recovers. SPG’s quarterly dividend is cited at $2.25 per share, or $9.00 annualized, for an approximately 4.5% yield. Seeking Alpha REIT valuation analysis
• Neutral Sentiment: Truist’s “hold” rating is constructive on valuation but does not represent a bullish recommendation. The stock also remains below its 50-day and 200-day moving averages, indicating continued technical weakness.
• Negative Sentiment: Rising bond yields are weighing on REIT valuations and increase the relative appeal of bonds compared with dividend-paying real estate stocks. Higher borrowing costs could also pressure SPG’s highly leveraged balance sheet, making interest-rate volatility the principal near-term risk. Rising bond yields and REITs article

About Simon Property Group

Simon Property Group, Inc (NYSE: SPG) is a real estate investment trust that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve consumers and attract national and international retailers.

The company generates revenue primarily through leasing retail and commercial space to tenants and through related property-management and development activities.