Simon Property Group, Inc. (NYSE:SPG) Receives $199.57 Consensus PT from Brokerages

Shares of Simon Property Group, Inc. (NYSE:SPG) have received a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $199.5714.

Several research analysts have weighed in on the stock. Barclays increased their price target on shares of Simon Property Group from $188.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. increased their price target on shares of Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Evercore increased their price target 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. Piper Sandler reiterated an “overweight” rating and issued a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Finally, Mizuho set a $192.00 price target on shares of Simon Property Group in a research report on Friday, January 9th.

Institutional Trading of Simon Property Group

Several institutional investors and hedge funds have recently modified their holdings of SPG. Rockefeller Capital Management L.P. increased its stake in Simon Property Group by 7.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 131,110 shares of the real estate investment trust’s stock worth $24,270,000 after buying an additional 9,185 shares in the last quarter. World Investment Advisors increased its stake in Simon Property Group by 14.4% in the 4th quarter. World Investment Advisors now owns 4,975 shares of the real estate investment trust’s stock worth $921,000 after buying an additional 626 shares in the last quarter. Corient Private Wealth LLC increased its stake in Simon Property Group by 9.8% in the 4th quarter. Corient Private Wealth LLC now owns 84,725 shares of the real estate investment trust’s stock worth $15,746,000 after buying an additional 7,562 shares in the last quarter. Hsbc Holdings PLC increased its stake in Simon Property Group by 2.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,244,627 shares of the real estate investment trust’s stock worth $230,471,000 after buying an additional 26,535 shares in the last quarter. Finally, Pure Financial Advisors LLC increased its stake in Simon Property Group by 29.5% in the 4th quarter. Pure Financial Advisors LLC now owns 1,553 shares of the real estate investment trust’s stock worth $288,000 after buying an additional 354 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Up 0.8%

Shares of Simon Property Group stock opened at $190.23 on Friday. The company has a market cap of $61.82 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 6.22 and a beta of 1.37. The company’s 50 day moving average is $192.65 and its 200 day moving average is $186.13. 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 issued its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share 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 for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $3.68 earnings per share. The firm’s revenue for the quarter 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 anticipate that Simon Property Group will post 12.54 EPS for the current year.

Simon Property Group declared that its board has authorized a stock buyback program on Thursday, February 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were given a $2.20 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.6%. Simon Property Group’s dividend payout ratio (DPR) 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.