Truist Financial Increases Simon Property Group (NYSE:SPG) Price Target to $196.00

Simon Property Group (NYSE:SPG) had its target price hoisted by investment analysts at Truist Financial from $181.00 to $196.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential downside of 2.90% from the company’s current price.

Several other equities research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. JPMorgan Chase & Co. boosted their price target on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Scotiabank raised their price objective on Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Finally, Citigroup lifted their target price on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $199.36.

Simon Property Group Stock Performance

NYSE:SPG opened at $201.85 on Monday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $65.90 billion, a PE ratio of 14.23, a P/E/G ratio of 6.69 and a beta of 1.36. Simon Property Group has a fifty-two week low of $136.34 and a fifty-two week high of $205.12. The company has a fifty day moving average of $191.18 and a two-hundred day moving average of $184.60.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.02. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, research analysts forecast 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 stock repurchase program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, Director Larry C. Glasscock bought 363 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, for a total transaction of $67,518.00. Following the acquisition, the director directly owned 43,899 shares of the company’s stock, valued at $8,165,214. This trade represents a 0.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel C. Smith purchased 347 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, with a total value of $64,542.00. Following the acquisition, the director directly owned 32,680 shares in the company, valued at approximately $6,078,480. The trade was a 1.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 2,192 shares of company stock worth $407,712. Insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Stance Capital LLC purchased a new position in shares of Simon Property Group during the 3rd quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new position in Simon Property Group in the fourth quarter valued at about $29,000. VSM Wealth Advisory LLC acquired a new position in Simon Property Group in the second quarter valued at about $30,000. Silicon Valley Capital Partners purchased a new position in Simon Property Group during the second quarter worth about $30,000. Finally, Bell Investment Advisors Inc increased its position in shares of Simon Property Group by 205.6% during the second quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 146 shares during the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

About Simon Property Group

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.