Bank of America Forecasts Strong Price Appreciation for Simon Property Group (NYSE:SPG) Stock

Simon Property Group (NYSE:SPG) had its target price boosted by equities researchers at Bank of America from $225.00 to $236.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Bank of America‘s price target indicates a potential upside of 4.41% from the company’s current price.

A number of other equities research analysts have also recently weighed in on SPG. Morgan Stanley upped their price target on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Evercore set a $208.00 target price on Simon Property Group in a research report on Monday, June 8th. UBS Group set a $220.00 target price on Simon Property Group in a report on Thursday, June 18th. Stifel Nicolaus lifted their price target on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Finally, Citigroup boosted their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.47.

Simon Property Group Price Performance

Simon Property Group stock opened at $226.03 on Monday. The company has a market cap of $73.30 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 4.10 and a beta of 1.31. Simon Property Group has a one year low of $158.00 and a one year high of $228.58. The business has a fifty day moving average of $207.23 and a two-hundred day moving average of $196.14. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company posted $2.95 EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, analysts predict that Simon Property Group will post 13.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Sapient Capital LLC lifted its stake in Simon Property Group by 1.1% in the first quarter. Sapient Capital LLC now owns 111,276 shares of the real estate investment trust’s stock valued at $20,756,000 after buying an additional 1,230 shares during the last quarter. DV Trading LLC bought a new position in shares of Simon Property Group during the first quarter worth about $224,000. Parallel Advisors LLC increased its holdings in shares of Simon Property Group by 8.8% in the 1st quarter. Parallel Advisors LLC now owns 5,431 shares of the real estate investment trust’s stock worth $1,013,000 after acquiring an additional 440 shares during the period. Alpine Woods Capital Investors LLC increased its holdings in shares of Simon Property Group by 24.5% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 16,470 shares of the real estate investment trust’s stock worth $3,072,000 after acquiring an additional 3,246 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in Simon Property Group by 0.8% in the 1st quarter. Glenmede Trust Co. NA now owns 85,912 shares of the real estate investment trust’s stock valued at $16,025,000 after purchasing an additional 671 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

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.