Simon Property Group, Inc. (NYSE:SPG – Get Free Report) has received a consensus recommendation of “Hold” from the seventeen research firms that are covering the company, Marketbeat reports. Twelve investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $227.64.
A number of brokerages have weighed in on SPG. Scotiabank decreased their price target on Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating for the company in a report on Thursday, September 17th. UBS Group boosted their price objective on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Thursday, July 9th. LADENBURG THALM/SH SH raised their target price on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Finally, Evercore set a $216.00 target price on Simon Property Group in a report on Monday, September 21st.
Check Out Our Latest Report on SPG
Simon Property Group Stock Down 0.2%
Simon Property Group (NYSE:SPG – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities analysts forecast that Simon Property Group will post 13.23 earnings per share for the current year.
Simon Property Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.4%. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of SPG. BlackRock Inc. increased its position in shares of Simon Property Group by 1.2% in the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock valued at $8,335,255,000 after acquiring an additional 455,543 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Simon Property Group by 2.7% during the second quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock worth $2,100,146,000 after purchasing an additional 242,709 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Simon Property Group by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after purchasing an additional 363,337 shares during the period. Capital World Investors grew its stake in shares of Simon Property Group by 2.7% in the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock worth $1,593,872,000 after purchasing an additional 226,271 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Simon Property Group by 6.1% in the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after purchasing an additional 491,519 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.
About Simon Property Group
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.
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