Simon Property Group, Inc. (NYSE:SPG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Simon Property Group, Inc. (NYSE:SPGGet Free Report) have received an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $205.0714.

Several equities analysts have issued reports on SPG shares. Piper Sandler reiterated an “overweight” rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Citigroup lifted their price objective on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Evercore set a $207.00 price objective on Simon Property Group in a research report on Tuesday, May 12th. Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 18th. Finally, UBS Group lifted their price objective on Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a research report on Monday, May 18th.

View Our Latest Research Report on SPG

Institutional Investors Weigh In On Simon Property Group

Several hedge funds and other institutional investors have recently made changes to their positions in SPG. Stance Capital LLC acquired a new stake in shares of Simon Property Group during the third quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Simon Property Group during the fourth quarter worth $29,000. SHP Wealth Management acquired a new stake in shares of Simon Property Group during the fourth quarter worth $34,000. Atlantic Union Bankshares Corp grew its stake in shares of Simon Property Group by 143.0% during the third 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 period. Finally, Dynamic Wealth Strategies LLC grew its stake in shares of 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 worth $39,000 after purchasing an additional 139 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Price Performance

Simon Property Group stock opened at $204.50 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $66.45 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 3.70 and a beta of 1.33. Simon Property Group has a one year low of $155.44 and a one year high of $208.28. The business has a 50 day simple moving average of $196.17 and a 200 day simple moving average of $191.00.

Simon Property Group (NYSE:SPGGet Free Report) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.Simon Property Group’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, sell-side analysts forecast that Simon Property Group will post 13.2 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $2.25 dividend. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.4%. Simon Property Group’s payout ratio is 61.15%.

Simon Property Group announced that its board has approved a stock buyback plan on Thursday, February 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the real estate investment trust to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

About Simon Property Group

(Get Free Report)

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.

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Analyst Recommendations for Simon Property Group (NYSE:SPG)

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