Simon Property Group (NYSE:SPG) Price Target Raised to $198.00

Simon Property Group (NYSE:SPG) had its target price lifted by Evercore ISI from $188.00 to $198.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has an in-line rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. Citigroup lifted their price objective on Simon Property Group from $170.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Morgan Stanley set a $205.00 price target on Simon Property Group in a report on Friday, January 16th. Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price objective (up previously from $225.00) on shares of Simon Property Group in a research note on Tuesday. Barclays reiterated a “positive” rating and issued a $188.00 target price on shares of Simon Property Group in a research note on Tuesday, January 13th. Finally, Mizuho set a $192.00 price target on shares of Simon Property Group in a research report on Friday, January 9th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $196.07.

Simon Property Group Stock Performance

SPG opened at $197.31 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 1.44 and a debt-to-equity ratio of 4.42. Simon Property Group has a 12-month low of $136.34 and a 12-month high of $197.93. The firm has a 50 day moving average of $185.48 and a two-hundred day moving average of $180.28. The firm has a market capitalization of $64.42 billion, a PE ratio of 13.91, a P/E/G ratio of 7.20 and a beta of 1.39.

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

Simon Property Group declared that its board has initiated a stock buyback 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 purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a dividend of $2.20 per share. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.5%. Simon Property Group’s dividend payout ratio is currently 62.06%.

Insiders Place Their Bets

In other news, Director Gary M. Rodkin acquired 226 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the purchase, the director owned 19,455 shares in the company, valued at approximately $3,618,630. This represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Reuben S. Leibowitz bought 480 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the transaction, the director owned 53,639 shares of the company’s stock, valued at approximately $9,976,854. This represents a 0.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 2,192 shares of company stock valued at $407,712. 8.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPG. Trust Co. of Toledo NA OH purchased a new stake in shares of Simon Property Group during the second quarter worth $25,000. Stance Capital LLC purchased a new stake in Simon Property Group during the 3rd quarter valued at about $26,000. VSM Wealth Advisory LLC acquired a new stake in Simon Property Group in the 2nd quarter valued at about $30,000. Silicon Valley Capital Partners purchased a new position in Simon Property Group in the 2nd quarter worth approximately $30,000. Finally, Bell Investment Advisors Inc boosted its holdings in shares of Simon Property Group by 205.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 146 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Simon Property Group

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: Board authorizes a new $2.0 billion common stock repurchase program through Feb. 29, 2028 — increases potential buybacks that can support EPS, reduce share count and signal management confidence in cash flow durability. Simon Announces New $2.0 Billion Common Stock Repurchase Program
• Positive Sentiment: Company reported record 2025 FFO and raised its dividend with FY‑2026 EPS guidance of $13.00–$13.25 — results and guidance underpin cash flow outlook and support the dividend/buyback thesis for REIT investors. Simon Property Delivers Record 2025 Results, Hikes Dividend
• Positive Sentiment: Announced over $250 million of targeted redevelopments at three high-end centers (Nashville, Denver, Tampa) following full Taubman acquisitions — capital allocation aimed at driving higher rents, sales/sqft and long‑term NOI. Transforming the Future of Luxury Retail: Simon Announces Major Redevelopments
• Positive Sentiment: Evercore ISI raised its price target on SPG to $198 — analyst upgrades/lifted targets can boost near‑term sentiment and trading demand. Evercore ISI Raises SPG Price Target to $198
• Neutral Sentiment: Appointment of Martin J. Cicco to the Board of Directors — governance update that may add industry experience/oversight but has limited immediate operational impact. Simon Property Group Announces Appointment of Martin J. Cicco
• Neutral Sentiment: Industry/watchlist commentary (MarketBeat, Zacks) highlights SPG as attractive in a stable-rate environment and flags Q4 strength — supportive macro narrative but more thematic than company-specific. 3 Intriguing Stocks to Watch After Q4 Earnings: AMD, SPG, TER
• Negative Sentiment: Earnings call flagged growth opportunities but also highlighted risks — consumer variability and rate uncertainty remain potential overhangs that could compress multiples if trends weaken. Earnings Call Highlights Growth, Risks

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.