Simon Property Group (NYSE:SPG) Price Target Raised to $193.00 at Barclays

Simon Property Group (NYSE:SPG) had its price target hoisted by Barclays from $188.00 to $193.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. UBS Group boosted their target price on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Evercore lifted their price target on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a report on Tuesday, February 3rd. Mizuho set a $192.00 price objective on Simon Property Group in a report on Friday, January 9th. Citigroup lifted their target price on Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $199.36.

Simon Property Group Trading Down 0.4%

NYSE:SPG opened at $203.07 on Monday. The firm has a market capitalization of $66.30 billion, a P/E ratio of 14.32, a P/E/G ratio of 6.73 and a beta of 1.35. The business has a 50 day simple moving average of $190.89 and a 200 day simple moving average of $184.39. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. Simon Property Group has a 12-month low of $136.34 and a 12-month high of $205.12.

Simon Property Group (NYSE:SPG) last issued its 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 firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $3.68 earnings per share. The firm’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. Equities research analysts predict that Simon Property Group will post 12.54 EPS for the current year.

Simon Property Group declared that its Board of Directors has initiated a stock repurchase plan 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 purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Simon Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

Insider Buying and Selling

In other news, Director Gary M. Rodkin acquired 226 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the acquisition, the director directly owned 19,455 shares in the company, valued at $3,618,630. This represents a 1.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Stefan M. Selig bought 201 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, for a total transaction of $37,386.00. Following the completion of the acquisition, the director owned 32,277 shares of the company’s stock, valued at $6,003,522. This trade represents a 0.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 2,192 shares of company stock worth $407,712. 8.60% of the stock is owned by corporate insiders.

Institutional Trading of Simon Property Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPG. Norges Bank bought a new position in shares of Simon Property Group during the 2nd quarter worth approximately $1,051,262,000. Wellington Management Group LLP grew its position in Simon Property Group by 634.5% in the third quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock valued at $1,383,145,000 after purchasing an additional 6,366,711 shares in the last quarter. Capital World Investors increased its stake in Simon Property Group by 45.0% in the 3rd quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock valued at $1,573,450,000 after buying an additional 2,600,508 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Simon Property Group by 34.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock valued at $1,046,943,000 after buying an additional 1,660,188 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Simon Property Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock worth $8,761,093,000 after buying an additional 844,190 shares during the last quarter. 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.