Simon Property Group (NYSE:SPG – Get Free Report) had its target price increased by stock analysts at UBS Group from $205.00 to $235.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group‘s price target would suggest a potential upside of 0.08% from the stock’s current price.
SPG has been the topic of a number of other reports. Evercore increased their price objective on shares of Simon Property Group from $213.00 to $216.00 in a research report on Wednesday, October 28th. The Goldman Sachs Group lowered their target price on shares of Simon Property Group from $242.00 to $228.00 in a research note on Wednesday, October 7th. Ladenburg Thalmann & Co. Inc. increased their target price on Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Mizuho raised their price target on Simon Property Group from $211.00 to $226.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Finally, Stifel Nicolaus lifted their price target on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, Simon Property Group has a consensus rating of “Hold” and a consensus target price of $230.10.
Get Our Latest Analysis on SPG
Simon Property Group Stock Up 0.1%
SPG traded up $0.33 on Wednesday, hitting $234.81. 1,211,533 shares of the company were exchanged, compared to its average volume of 1,596,949. The firm has a 50-day moving average price of $208.79 and a two-hundred day moving average price of $207.25. The company has a current ratio of 0.74, a quick ratio of 1.05 and a debt-to-equity ratio of 5.57. Simon Property Group has a twelve month low of $177.88 and a twelve month high of $238.50. The company has a market cap of $75.97 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 3.56 and a beta of 1.27.
Simon Property Group (NYSE:SPG – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $1.68. Simon Property Group had a return on equity of 78.14% and a net margin of 63.08%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the business posted $3.22 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.300-13.400 EPS. On average, equities analysts predict that Simon Property Group will post 13.35 earnings per share for the current year.
Insider Transactions at Simon Property Group
In related news, Director Reuben Leibowitz acquired 480 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was bought at an average price of $202.78 per share, for a total transaction of $97,334.40. Following the completion of the purchase, the director directly owned 56,277 shares of the company’s stock, valued at approximately $11,411,850.06. The trade was a 0.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Marta Stewart acquired 199 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $202.78 per share, for a total transaction of $40,353.22. Following the acquisition, the director owned 18,199 shares of the company’s stock, valued at approximately $3,690,393.22. The trade was a 1.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 1,668 shares of company stock valued at $338,237 over the last quarter. 8.73% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Simon Property Group by 1.2% during the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after buying an additional 455,543 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Simon Property Group by 2.7% in the second quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock valued at $2,100,146,000 after acquiring an additional 242,709 shares during the period. Bank of America Corp DE grew its position in shares of Simon Property Group by 6.1% during 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 acquiring an additional 491,519 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Simon Property Group by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust’s stock worth $859,209,000 after acquiring an additional 105,524 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Simon Property Group by 13,579.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock valued at $806,167,000 after acquiring an additional 3,578,240 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.
Simon Property Group Company Profile
Simon Property Group is a real estate investment trust that owns, develops and manages shopping, dining and entertainment destinations. Its portfolio includes regional malls, premium outlet centers and mixed-use properties, which combine retail with other uses such as restaurants and entertainment. The company’s properties are located primarily in the United States, with additional investments and operations in international markets, including Europe and Asia. Its business activities include leasing space to retailers and other tenants, operating properties and investing in redevelopment and expansion projects.
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