Simon Property Group, Inc. (NYSE:SPG) Receives $187.23 Consensus Target Price from Analysts

Simon Property Group, Inc. (NYSE:SPG) has earned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $187.2308.

Several equities analysts recently issued reports on SPG shares. Piper Sandler boosted their target price on shares of Simon Property Group from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Truist Financial boosted their target price on shares of Simon Property Group from $168.00 to $169.00 and gave the company a “hold” rating in a research note on Monday, August 25th. Barclays boosted their target price on shares of Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Stifel Nicolaus cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $179.00 price objective for the company. in a research report on Tuesday, September 2nd. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Simon Property Group in a research report on Friday, July 18th. They issued a “buy” rating and a $225.00 target price on the stock.

Insider Activity

In related news, Director Reuben S. Leibowitz purchased 464 shares of Simon Property Group stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average price of $185.95 per share, for a total transaction of $86,280.80. Following the transaction, the director directly owned 58,659 shares in the company, valued at approximately $10,907,641.05. This trade represents a 0.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary M. Rodkin purchased 219 shares of Simon Property Group stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average price of $185.95 per share, with a total value of $40,723.05. Following the transaction, the director owned 19,229 shares in the company, valued at approximately $3,575,632.55. The trade was a 1.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 2,163 shares of company stock worth $401,605. Company insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Simon Property Group

A number of large investors have recently modified their holdings of SPG. Trust Co. of Toledo NA OH purchased a new stake in shares of Simon Property Group during the second quarter worth $25,000. Park Square Financial Group LLC grew its holdings in shares of Simon Property Group by 108.0% during the first quarter. Park Square Financial Group LLC now owns 156 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 81 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Simon Property Group by 185.0% during the first quarter. Richardson Financial Services Inc. now owns 171 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 111 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Simon Property Group during the second quarter worth $30,000. Finally, Silicon Valley Capital Partners purchased a new stake in shares of Simon Property Group during the second quarter worth $30,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

SPG opened at $176.56 on Friday. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a fifty day moving average price of $178.38 and a 200 day moving average price of $166.03. Simon Property Group has a 1 year low of $136.34 and a 1 year high of $190.13. The stock has a market cap of $57.65 billion, a P/E ratio of 27.29, a P/E/G ratio of 10.62 and a beta of 1.50.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.01. Simon Property Group had a net margin of 36.78% and a return on equity of 72.38%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the business posted $2.90 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. Equities research analysts anticipate that Simon Property Group will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were given a dividend of $2.15 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.10. The ex-dividend date was Tuesday, September 9th. This represents a $8.60 annualized dividend and a dividend yield of 4.9%. Simon Property Group’s payout ratio is currently 132.92%.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.