Simon Property Group, Inc. (NYSE:SPG) Receives $213.07 Consensus Target Price from Brokerages

Shares of Simon Property Group, Inc. (NYSE:SPG) have been assigned a consensus rating of “Hold” from the seventeen analysts that are presently covering the company, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $213.0667.

A number of research firms have issued reports on SPG. Bank of America lifted their price target on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Barclays increased their price objective on Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. UBS Group raised their target price on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings raised Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st.

Insider Buying and Selling

In other news, Director Gary M. Rodkin purchased 256 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the acquisition, the director owned 21,016 shares in the company, valued at $4,693,713.44. This trade represents a 1.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel C. Smith acquired 372 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $223.31 per share, with a total value of $83,071.32. Following the completion of the transaction, the director directly owned 34,480 shares in the company, valued at $7,699,728.80. This represents a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 2,387 shares of company stock valued at $533,056 over the last 90 days. 8.73% of the stock is currently owned by company insiders.

Institutional Trading of Simon Property Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Stance Capital LLC purchased a new stake in Simon Property Group during the third quarter worth about $26,000. Wilkerson Advisory Group LLC purchased a new position in Simon Property Group in the fourth quarter valued at about $29,000. SHP Wealth Management purchased a new position in Simon Property Group in the fourth quarter valued at about $34,000. Dynamic Wealth Strategies LLC grew its position in shares of Simon Property Group by 195.8% during the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 139 shares during the period. Finally, Tompkins Financial Corp bought a new position in shares of Simon Property Group during the 4th quarter valued at approximately $42,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Stock Performance

NYSE SPG opened at $221.88 on Monday. The company has a market cap of $71.95 billion, a P/E ratio of 15.42, a PEG ratio of 2.86 and a beta of 1.29. The company has a fifty day simple moving average of $212.34 and a 200 day simple moving average of $199.67. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group has a 12-month low of $159.35 and a 12-month high of $229.59.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data 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. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Sell-side analysts predict that Simon Property Group will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company 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 represents a $9.00 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

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.