Simon Property Group, Inc. (NYSE:SPG) Receives Consensus Recommendation of “Hold” from Analysts

Simon Property Group, Inc. (NYSE:SPG) has earned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $228.1429.

A number of equities research analysts have issued reports on the stock. Wolfe Research lowered shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Barclays increased their price objective on Simon Property Group from $213.00 to $215.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. JPMorgan Chase & Co. lifted their price objective on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Citigroup boosted their target price on Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday, August 17th. Finally, LADENBURG THALM/SH SH upped their target price on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th.

Insider Activity

In other Simon Property Group news, Director Larry C. Glasscock purchased 397 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the purchase, the director directly owned 45,902 shares in the company, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel C. Smith purchased 372 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the acquisition, 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Simon Property Group

Several institutional investors have recently bought and sold shares of SPG. Ancora Advisors LLC bought a new stake in shares of Simon Property Group during the 2nd quarter worth about $27,000. Stance Capital LLC acquired a new stake in Simon Property Group in the 3rd quarter worth approximately $26,000. Osbon Capital Management LLC acquired a new stake in Simon Property Group in the 2nd quarter worth approximately $32,000. Fiduciary Financial Advisors bought a new stake in Simon Property Group during the second quarter worth approximately $34,000. Finally, Wilkerson Advisory Group LLC acquired a new position in Simon Property Group during the fourth quarter valued at approximately $29,000. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Trading Down 1.0%

NYSE:SPG opened at $209.49 on Tuesday. The stock has a market cap of $67.78 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 3.16 and a beta of 1.28. Simon Property Group has a fifty-two week low of $172.19 and a fifty-two week 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’s 50-day moving average is $222.53 and its two-hundred day moving average is $208.46.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company earned $1.70 earnings per share. Simon Property Group’s revenue for the quarter 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, equities research analysts forecast that Simon Property Group will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be issued a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.3%. Simon Property Group’s dividend payout ratio is currently 63.47%.

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.