Simon Property Group (NYSE:SPG) Reaches New 12-Month High – Time to Buy?

Simon Property Group, Inc. (NYSE:SPG) hit a new 52-week high during trading on Monday . The company traded as high as $231.73 and last traded at $231.4530, with a volume of 888832 shares trading hands. The stock had previously closed at $229.78.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SPG shares. 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. Piper Sandler raised their price target on Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Citigroup boosted their price objective on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Truist Financial increased their target price on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $216.14.

Simon Property Group Stock Performance

The company has a 50-day simple moving average of $217.27 and a two-hundred day simple moving average of $202.42. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $76.72 billion, a P/E ratio of 16.46, a PEG ratio of 2.99 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last released its 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 firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the firm earned $2.95 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities analysts forecast that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a dividend of $2.25 per share. The ex-dividend date was Tuesday, June 9th. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a dividend yield of 3.8%. Simon Property Group’s dividend payout ratio is 62.54%.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 508 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.38 per share, for a total transaction of $113,477.04. Following the completion of the purchase, the director directly owned 55,797 shares of the company’s stock, valued at $12,463,933.86. This trade represents a 0.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel C. Smith purchased 372 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the acquisition, the director owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This represents a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Stance Capital LLC purchased a new stake in Simon Property Group during the third quarter valued at $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of Simon Property Group in the fourth quarter worth approximately $29,000. SHP Wealth Management bought a new stake in Simon Property Group during the fourth quarter valued at approximately $34,000. Dynamic Wealth Strategies LLC grew its position in Simon Property Group by 195.8% during the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 139 shares during the period. Finally, MV Capital Management Inc. purchased a new stake in Simon Property Group during the fourth quarter valued at approximately $46,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

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.