Simon Property Group, Inc. (NYSE:SPG) Stock Has Average Target Price of $224.07

Simon Property Group, Inc. (NYSE:SPG) has earned an average recommendation of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. Thirteen 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 price objective among brokers that have covered the stock in the last year is $224.07.

SPG has been the topic of a number of research reports. Truist Financial started coverage on Simon Property Group in a report on Friday, October 2nd. They set a “hold” rating and a $215.00 price target on the stock. Barclays reduced their price objective on Simon Property Group from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, September 28th. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Mizuho increased their price objective on Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Finally, Deutsche Bank Aktiengesellschaft downgraded Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research note on Thursday, July 9th.

Simon Property Group Stock Performance

NYSE SPG opened at $211.85 on Wednesday. The company has a market capitalization of $68.54 billion, a PE ratio of 14.94, a P/E/G ratio of 3.27 and a beta of 1.30. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. Simon Property Group has a 1 year low of $172.19 and a 1 year high of $238.50. The company has a fifty day moving average of $207.72 and a two-hundred day moving average of $211.24.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the firm posted $1.70 EPS. Simon Property Group’s quarterly revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, analysts expect that Simon Property Group will post 13.24 earnings per share for the current year.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. Simon Property Group’s dividend payout ratio is presently 63.47%.

Insider Transactions at Simon Property Group

In other news, Director Marta Stewart acquired 199 shares of Simon Property Group stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average price of $202.78 per share, for a total transaction of $40,353.22. Following the completion of the transaction, the director directly owned 18,199 shares in the company, valued at approximately $3,690,393.22. This trade represents a 1.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Rodkin acquired 232 shares of the stock in a transaction on Wednesday, September 30th. The stock was acquired at an average cost of $202.78 per share, for a total transaction of $47,044.96. Following the acquisition, the director directly owned 21,248 shares in the company, valued at $4,308,669.44. This represents a 1.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 1,668 shares of company stock valued at $338,237 over the last 90 days. Insiders own 8.73% of the company’s stock.

Institutional Investors Weigh In On Simon Property Group

Several institutional investors have recently made changes to their positions in SPG. BlackRock Inc. grew its stake in Simon Property Group by 1.2% in the 2nd quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock valued at $8,335,255,000 after acquiring an additional 455,543 shares during the last quarter. Wellington Management Group LLP grew its position in Simon Property Group by 2.7% during the second quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock valued at $2,100,146,000 after acquiring an additional 242,709 shares during the period. Bank of America Corp DE grew its holdings in shares of Simon Property Group by 6.1% during the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after purchasing an additional 491,519 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Simon Property Group by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust’s stock worth $859,209,000 after acquiring an additional 105,524 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Simon Property Group by 13,579.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock valued at $806,167,000 after purchasing an additional 3,578,240 shares during the period. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

About Simon Property Group

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.