Brokerages Set Simon Property Group, Inc. (NYSE:SPG) PT at $199.36

Shares of Simon Property Group, Inc. (NYSE:SPG) have been assigned an average recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $199.3571.

A number of equities analysts have weighed in on SPG shares. Stifel Nicolaus increased their target price on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, February 3rd. Citigroup boosted their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Barclays raised their price objective on shares of Simon Property Group from $188.00 to $193.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Mizuho set a $192.00 price objective on shares of Simon Property Group in a research note on Friday, January 9th. Finally, Truist Financial boosted their target price on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a report on Monday, March 2nd.

Insider Buying and Selling at Simon Property Group

In related news, Director Stefan M. Selig bought 201 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, with a total value of $37,386.00. Following the acquisition, the director directly owned 32,277 shares of the company’s stock, valued at $6,003,522. This represents a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reuben S. Leibowitz purchased 480 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the completion of the transaction, the director owned 53,639 shares of the company’s stock, valued at approximately $9,976,854. This trade represents a 0.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 2,192 shares of company stock worth $407,712 in the last three months. 8.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Simon Property Group

Several hedge funds have recently bought and sold shares of the company. Brighton Jones LLC bought a new position in Simon Property Group in the 4th quarter valued at $295,000. Moors & Cabot Inc. increased its holdings in shares of Simon Property Group by 9.3% in the second quarter. Moors & Cabot Inc. now owns 1,350 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 115 shares during the period. Modera Wealth Management LLC raised its position in shares of Simon Property Group by 7.3% in the second quarter. Modera Wealth Management LLC now owns 2,478 shares of the real estate investment trust’s stock worth $398,000 after buying an additional 168 shares in the last quarter. Savant Capital LLC raised its position in shares of Simon Property Group by 96.8% in the second quarter. Savant Capital LLC now owns 9,077 shares of the real estate investment trust’s stock worth $1,459,000 after buying an additional 4,464 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its stake in Simon Property Group by 5.0% during the second quarter. Wedbush Securities Inc. now owns 4,791 shares of the real estate investment trust’s stock valued at $770,000 after buying an additional 226 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Down 0.4%

Shares of NYSE SPG opened at $186.78 on Tuesday. Simon Property Group has a one year low of $136.34 and a one year high of $205.12. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. The business’s fifty day moving average price is $192.26 and its 200-day moving average price is $185.56. The stock has a market capitalization of $60.69 billion, a PE ratio of 13.17, a P/E/G ratio of 6.16 and a beta of 1.36.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $3.68 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, equities research analysts anticipate that Simon Property Group will post 12.54 EPS for the current year.

Simon Property Group announced that its board has initiated a share repurchase plan on Thursday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $2.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.7%. Simon Property Group’s payout ratio is 62.06%.

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.