Simon Property Group (NYSE:SPG) Research Coverage Started at BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of Simon Property Group (NYSE:SPG) in a research note published on Friday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $222.00 price objective on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a report on Thursday, July 9th. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. Wolfe Research cut shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Evercore set a $216.00 target price on shares of Simon Property Group in a research report on Monday, September 21st. Finally, UBS Group boosted their target price on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Simon Property Group has an average rating of “Hold” and a consensus target price of $226.13.

Simon Property Group Price Performance

SPG opened at $199.40 on Friday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $64.52 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 3.07 and a beta of 1.30. The firm’s fifty day moving average price is $211.28 and its two-hundred day moving average price is $209.97. Simon Property Group has a 1 year low of $172.19 and a 1 year high of $238.50.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.15). The firm had revenue of $1.79 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, analysts anticipate that Simon Property Group will post 13.23 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

Insider Buying and Selling at Simon Property Group

In related news, Director Reuben Leibowitz acquired 480 shares of the stock in a transaction on Wednesday, September 30th. The shares were acquired at an average price of $202.78 per share, with a total value of $97,334.40. Following the completion of the transaction, the director owned 56,277 shares in the company, valued at approximately $11,411,850.06. The trade was a 0.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stefan Selig acquired 208 shares of the stock in a transaction on Wednesday, September 30th. The stock was bought at an average cost of $202.78 per share, for a total transaction of $42,178.24. Following the transaction, the director owned 34,020 shares of the company’s stock, valued at approximately $6,898,575.60. This trade represents a 0.62% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 1,668 shares of company stock valued at $338,237 in the last three months. 8.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Simon Property Group

Several large investors have recently modified their holdings of the stock. Ancora Advisors LLC purchased a new stake in shares of Simon Property Group during the second quarter worth $27,000. Osbon Capital Management LLC purchased a new position in shares of Simon Property Group in the second quarter valued at $32,000. Fiduciary Financial Advisors purchased a new position in shares of Simon Property Group in the second quarter valued at $34,000. N.E.W. Advisory Services LLC raised its stake in shares of Simon Property Group by 335.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 134 shares during the period. Finally, WPG Advisers LLC lifted its holdings in Simon Property Group by 40.3% during the 2nd quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a real estate investment trust that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve consumers and attract national and international retailers.

The company generates revenue primarily through leasing retail and commercial space to tenants and through related property-management and development activities.