Simon Property Group, Inc. (NYSE:SPG) Receives Consensus Recommendation of “Hold” from Analysts

Simon Property Group, Inc. (NYSE:SPG) has received an average recommendation of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $199.5714.

SPG has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and set a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Mizuho set a $192.00 price target on shares of Simon Property Group in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. upped their price objective on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, February 6th.

Institutional Trading of Simon Property Group

A number of hedge funds and other institutional investors have recently modified their holdings of SPG. Stance Capital LLC purchased a new position in Simon Property Group during the third quarter worth about $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Simon Property Group in the 4th quarter valued at approximately $29,000. Silicon Valley Capital Partners purchased a new stake in shares of Simon Property Group in the 2nd quarter valued at approximately $30,000. SHP Wealth Management acquired a new position in shares of Simon Property Group in the 4th quarter worth approximately $34,000. Finally, Salomon & Ludwin LLC acquired a new position in shares of Simon Property Group in the 3rd quarter worth approximately $39,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Up 0.0%

Shares of NYSE:SPG opened at $188.71 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. The business has a fifty day moving average of $192.55 and a two-hundred day moving average of $186.00. The stock has a market cap of $61.32 billion, a P/E ratio of 13.31, a PEG ratio of 6.22 and a beta of 1.37. Simon Property Group has a 52-week low of $136.34 and a 52-week high of $205.12.

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

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were paid a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group’s dividend payout ratio is 62.06%.

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

Simon Property Group Company Profile

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.