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

Shares of Simon Property Group, Inc. (NYSE:SPG) have been assigned an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $197.9286.

A number of research firms recently weighed in on SPG. Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Tuesday, January 20th. Barclays reiterated a “positive” rating and issued a $188.00 price objective on shares of Simon Property Group in a research note on Tuesday, January 13th. JPMorgan Chase & Co. boosted their target price on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Citigroup upped their target price on Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Morgan Stanley set a $205.00 price target on Simon Property Group in a research report on Friday, January 16th.

Insider Activity at Simon Property Group

In other news, Director Larry C. Glasscock purchased 363 shares of the stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $67,518.00. Following the completion of the acquisition, the director owned 43,899 shares in the company, valued at $8,165,214. This represents a 0.83% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary M. Rodkin bought 226 shares of the stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the purchase, the director directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 2,192 shares of company stock worth $407,712 in the last ninety days. Insiders own 8.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC purchased a new position in Simon Property Group in the 4th quarter worth approximately $295,000. Vontobel Holding Ltd. purchased a new position in Simon Property Group in the second quarter worth $252,000. CWM LLC grew its position in Simon Property Group by 22.1% in the second quarter. CWM LLC now owns 12,763 shares of the real estate investment trust’s stock worth $2,052,000 after acquiring an additional 2,310 shares in the last quarter. TD Asset Management Inc increased its stake in Simon Property Group by 2.6% in the second quarter. TD Asset Management Inc now owns 142,870 shares of the real estate investment trust’s stock valued at $22,968,000 after acquiring an additional 3,596 shares during the last quarter. Finally, Mutual Advisors LLC raised its position in Simon Property Group by 13.7% during the second quarter. Mutual Advisors LLC now owns 2,754 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Up 0.1%

Shares of NYSE:SPG opened at $199.76 on Friday. The stock has a market cap of $65.22 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 6.58 and a beta of 1.39. The company has a quick ratio of 1.44, a current ratio of 0.90 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 $203.00. The business’s 50 day moving average is $188.44 and its 200 day moving average is $182.53.

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

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

Simon Property Group Announces Dividend

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

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.