Simon Property Group (NYSE:SPG) Hits New 52-Week High – Should You Buy?

Simon Property Group, Inc. (NYSE:SPG) shares hit a new 52-week high on Friday . The stock traded as high as $205.18 and last traded at $205.4270, with a volume of 234438 shares. The stock had previously closed at $201.35.

Analyst Upgrades and Downgrades

SPG has been the topic of a number of recent research reports. Morgan Stanley set a $205.00 target price on Simon Property Group in a report on Friday, January 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research report on Wednesday, April 8th. Piper Sandler reiterated an “overweight” rating and set a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Scotiabank boosted their target price on Simon Property Group from $189.00 to $192.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $200.14.

Simon Property Group Stock Up 2.5%

The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s 50-day simple moving average is $194.00 and its two-hundred day simple moving average is $186.97. The company has a market capitalization of $67.05 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 6.63 and a beta of 1.37.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $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. Sell-side analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were issued a dividend of $2.20 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.3%. Simon Property Group’s payout ratio is currently 62.06%.

Simon Property Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Simon Property Group

Large investors have recently added to or reduced their stakes in the business. Stance Capital LLC acquired a new stake in Simon Property Group in the 3rd quarter valued at about $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of Simon Property Group during the 4th quarter worth approximately $29,000. SHP Wealth Management acquired a new position in shares of Simon Property Group during the 4th quarter worth approximately $34,000. Salomon & Ludwin LLC acquired a new position in shares of Simon Property Group during the 3rd quarter worth approximately $39,000. Finally, Atlantic Union Bankshares Corp raised its position in shares of Simon Property Group by 143.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 123 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

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.