Simon Property Group, Inc. (NYSE:SPG) Receives Average Recommendation of “Hold” from Brokerages

Shares of Simon Property Group, Inc. (NYSE:SPG) have been given an average recommendation of “Hold” by the fourteen analysts that are covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $208.2857.

Several research analysts have issued reports on the stock. Barclays lifted their price target on shares of Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. UBS Group set a $220.00 price target on Simon Property Group in a report on Thursday. Stifel Nicolaus upped their price target on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. upped their price target on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Finally, Truist Financial upped their price target on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a report on Monday, March 2nd.

Simon Property Group Stock Performance

Shares of SPG opened at $214.31 on Thursday. The firm has a 50-day moving average price of $205.54 and a 200 day moving average price of $195.00. The firm has a market capitalization of $69.50 billion, a PE ratio of 14.89, a P/E/G ratio of 3.82 and a beta of 1.31. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group has a 52-week low of $155.92 and a 52-week high of $220.43.

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

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s payout ratio is currently 62.54%.

Institutional Trading of Simon Property Group

Hedge funds have recently bought and sold shares of the company. Stance Capital LLC purchased a new stake in Simon Property Group during the third quarter valued at about $26,000. Wilkerson Advisory Group LLC purchased a new stake in Simon Property Group during the fourth quarter valued at about $29,000. SHP Wealth Management purchased a new stake in Simon Property Group during the fourth quarter valued at about $34,000. Dynamic Wealth Strategies LLC lifted 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 buying an additional 139 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new stake in shares of Simon Property Group in the fourth quarter worth approximately $42,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

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.