Simon Property Group, Inc. (NYSE:SPG) Given Average Recommendation of “Hold” by Analysts

Simon Property Group, Inc. (NYSE:SPG) has been given an average rating of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $199.3571.

Several research analysts recently issued reports on the stock. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research note on Friday, January 16th. Evercore upped their price objective on shares of Simon Property Group from $188.00 to $198.00 and gave the stock an “in-line” rating in a report on Tuesday, February 3rd. Scotiabank raised their target price on shares of Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. UBS Group lifted their target price on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, Citigroup boosted their price target on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th.

Simon Property Group Trading Up 1.3%

NYSE SPG opened at $189.32 on Tuesday. The firm has a market capitalization of $61.52 billion, a PE ratio of 13.35, a P/E/G ratio of 6.16 and a beta of 1.35. The stock’s 50 day moving average is $192.39 and its 200 day moving average is $185.68. Simon Property Group has a twelve month low of $136.34 and a twelve month high of $205.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business 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 earnings per share. 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. Research 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 has approved a stock buyback program on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s payout ratio is 62.06%.

Insider Transactions at Simon Property Group

In other news, Director Glyn Aeppel purchased 216 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the purchase, the director directly owned 19,481 shares in the company, valued at approximately $3,623,466. This trade represents a 1.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary M. Rodkin acquired 226 shares of the business’s 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 $42,036.00. Following the completion of the transaction, the director directly owned 19,455 shares in the company, valued at $3,618,630. The trade was a 1.18% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 2,192 shares of company stock valued at $407,712. 8.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Stance Capital LLC bought a new stake in shares of Simon Property Group during the third quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in Simon Property Group during the 4th quarter valued at $29,000. SHP Wealth Management bought a new stake in shares of Simon Property Group in the 4th quarter worth $34,000. Silicon Valley Capital Partners purchased a new position in shares of Simon Property Group in the second quarter worth $30,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of Simon Property Group in the second quarter worth $30,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

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.