Simon Property Group, Inc. (NYSE:SPG) Receives $225.27 Consensus PT from Brokerages

Simon Property Group, Inc. (NYSE:SPG) has been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the firm, MarketBeat reports. Twelve investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $225.2667.

A number of analysts have weighed in on SPG shares. Evercore set a $215.00 target price on shares of Simon Property Group in a research report on Tuesday, July 7th. Barclays increased their price target on Simon Property Group from $213.00 to $215.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Stifel Nicolaus raised their price objective on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. LADENBURG THALM/SH SH boosted their price objective on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, Truist Financial upped their target price on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd.

Insider Buying and Selling

In other news, Director Glyn Aeppel acquired 243 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.36 per share, with a total value of $54,276.48. Following the completion of the purchase, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This represents a 1.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel Smith acquired 372 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.31 per share, with a total value of $83,071.32. Following the acquisition, the director owned 34,480 shares in the company, valued at $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 2,387 shares of company stock valued at $533,056 over the last three months. Insiders own 8.73% of the company’s stock.

Institutional Trading of Simon Property Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc raised its holdings in shares of Simon Property Group by 3.3% during the 4th quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock worth $700,452,000 after acquiring an additional 122,186 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Simon Property Group by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock valued at $111,950,000 after purchasing an additional 20,477 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Simon Property Group by 1,329.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock valued at $86,723,000 after purchasing an additional 435,721 shares in the last quarter. L & S Advisors Inc bought a new stake in Simon Property Group in the fourth quarter worth $4,058,000. Finally, Norges Bank bought a new stake in Simon Property Group in the fourth quarter worth $1,112,111,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Price Performance

SPG stock opened at $211.23 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group has a 12 month low of $172.19 and a 12 month high of $238.50. The firm has a market cap of $68.35 billion, a P/E ratio of 14.90, a P/E/G ratio of 3.17 and a beta of 1.28. The company’s 50-day moving average price is $222.89 and its two-hundred day moving average price is $208.46.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The business’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, analysts anticipate that Simon Property Group will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s payout ratio is 63.47%.

About Simon Property Group

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.