JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Simon Property Group (NYSE:SPG) Stock

Simon Property Group (NYSE:SPGGet Free Report) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $198.00 to $210.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 5.07% from the company’s previous close.

A number of other research firms have also weighed in on SPG. Citigroup raised their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley set a $205.00 price objective on shares of Simon Property Group in a research report on Friday, January 16th. Mizuho set a $192.00 target price on Simon Property Group in a research report on Friday, January 9th. Barclays reissued a “positive” rating and issued a $188.00 price target on shares of Simon Property Group in a report on Tuesday, January 13th. Finally, Scotiabank lifted their price objective on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $197.93.

Check Out Our Latest Stock Analysis on Simon Property Group

Simon Property Group Price Performance

SPG stock opened at $199.86 on Friday. The firm has a market cap of $65.25 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 7.34 and a beta of 1.39. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.44 and a current ratio of 0.90. Simon Property Group has a 1 year low of $136.34 and a 1 year high of $201.40. The stock has a 50-day simple moving average of $185.75 and a 200-day simple moving average of $180.63.

Simon Property Group (NYSE:SPGGet Free Report) last released its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping the consensus estimate of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $3.68 EPS. Simon Property Group’s revenue for the quarter was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, equities analysts predict that Simon Property Group will post 12.54 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other Simon Property Group news, Director Glyn Aeppel acquired 216 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, with a total value of $40,176.00. Following the completion of the acquisition, the director directly owned 19,481 shares in the company, valued at $3,623,466. This trade represents a 1.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary M. Rodkin bought 226 shares of the stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, with a total value of $42,036.00. Following the purchase, the director owned 19,455 shares of the company’s stock, valued at $3,618,630. The trade was a 1.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 2,192 shares of company stock worth $407,712. 8.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPG. Trust Co. of Toledo NA OH bought a new position in Simon Property Group in the second quarter worth about $25,000. Stance Capital LLC acquired a new stake in shares of Simon Property Group during the 3rd quarter worth approximately $26,000. VSM Wealth Advisory LLC bought a new stake in shares of Simon Property Group in the 2nd quarter worth approximately $30,000. Silicon Valley Capital Partners bought a new stake in shares of Simon Property Group in the 2nd quarter worth approximately $30,000. Finally, Bell Investment Advisors Inc boosted its position in Simon Property Group by 205.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 146 shares during the period. 93.01% of the stock is currently owned by institutional investors.

Trending Headlines about Simon Property Group

Here are the key news stories impacting Simon Property Group this week:

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.

Further Reading

Analyst Recommendations for Simon Property Group (NYSE:SPG)

Receive News & Ratings for Simon Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group and related companies with MarketBeat.com's FREE daily email newsletter.