Jefferies Financial Group Upgrades Simon Property Group (NYSE:SPG) to “Strong-Buy”

Simon Property Group (NYSE:SPG) was upgraded by stock analysts at Jefferies Financial Group to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

A number of other research firms have also commented on SPG. Scotiabank lifted their price target on shares of Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. Truist Financial upped their price objective on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday. Citigroup raised their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. UBS Group set a $220.00 target price on shares of Simon Property Group in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.71.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $227.13 on Friday. Simon Property Group has a fifty-two week low of $158.00 and a fifty-two week high of $228.58. The business has a 50-day moving average of $207.23 and a two-hundred day moving average of $196.03. The stock has a market capitalization of $73.66 billion, a P/E ratio of 15.78, a P/E/G ratio of 4.07 and a beta of 1.31. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities research analysts predict that Simon Property Group will post 13.21 EPS for the current fiscal year.

Institutional Trading of Simon Property Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stance Capital LLC acquired a new position in shares of Simon Property Group during the third quarter valued at about $26,000. Wilkerson Advisory Group LLC acquired a new stake in Simon Property Group during the fourth quarter worth about $29,000. SHP Wealth Management acquired a new stake in Simon Property Group during the fourth quarter worth about $34,000. Dynamic Wealth Strategies LLC increased its stake in Simon Property Group by 195.8% during the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 139 shares during the period. Finally, Tompkins Financial Corp bought a new position in Simon Property Group during the fourth quarter valued at about $42,000. 93.01% of the stock is currently 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.