Simon Property Group (NYSE:SPG) Reaches New 1-Year High – Here’s What Happened

Simon Property Group, Inc. (NYSE:SPG) shares reached a new 52-week high on Tuesday . The stock traded as high as $201.40 and last traded at $201.2170, with a volume of 730792 shares traded. The stock had previously closed at $196.83.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SPG. Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Tuesday, January 20th. Stifel Nicolaus upped their target price on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Finally, Evercore lifted their target price on shares of Simon Property Group from $188.00 to $198.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 3rd. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and a consensus price target of $197.93.

Simon Property Group Stock Performance

The company has a market cap of $65.94 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 7.23 and a beta of 1.39. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 1.44. The firm has a fifty day simple moving average of $187.31 and a 200 day simple moving average of $181.99.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $3.68 earnings per share. The business’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, sell-side analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

Simon Property Group announced that its board has authorized a share repurchase program on Thursday, February 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Stefan M. Selig bought 201 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $37,386.00. Following the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Reuben S. Leibowitz bought 480 shares of Simon Property Group 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 purchase, the director directly owned 53,639 shares in the company, valued at $9,976,854. This represents a 0.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 2,192 shares of company stock worth $407,712. 8.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Great Valley Advisor Group Inc. boosted its stake in Simon Property Group by 2.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 52 shares in the last quarter. Veridan Wealth LLC grew its position in shares of Simon Property Group by 1.2% during the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after buying an additional 53 shares during the period. CYBER HORNET ETFs LLC grew its holdings in Simon Property Group by 6.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 55 shares during the period. Embree Financial Group boosted its position in shares of Simon Property Group by 2.4% in the 4th quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock worth $447,000 after purchasing an additional 56 shares during the last quarter. Finally, O ROURKE & COMPANY Inc grew its stake in shares of Simon Property Group by 2.8% during the fourth quarter. O ROURKE & COMPANY Inc now owns 2,124 shares of the real estate investment trust’s stock worth $393,000 after purchasing an additional 57 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

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.