Simon Property Group (NYSE:SPG) to Buyback $2.00 billion in Outstanding Stock

Simon Property Group (NYSE:SPG) announced that its board has authorized a share buyback plan on Thursday, February 5th, RTT News reports. The company plans to buyback $2.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Simon Property Group Stock Performance

NYSE:SPG opened at $197.31 on Friday. 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 fifty-two week low of $136.34 and a fifty-two week high of $197.93. The firm has a market cap of $64.42 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 7.20 and a beta of 1.39. The business has a 50 day moving average price of $185.48 and a 200-day moving average price of $180.28.

Simon Property Group (NYSE:SPG) last issued its 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. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities research analysts predict that Simon Property Group will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is 62.06%.

Analysts Set New Price Targets

SPG has been the subject of a number of research reports. Barclays reiterated a “positive” rating and issued a $188.00 price objective on shares of Simon Property Group in a report on Tuesday, January 13th. Scotiabank boosted their target price on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. Morgan Stanley set a $205.00 target price on Simon Property Group in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Tuesday, January 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and a consensus target price of $196.07.

Key Headlines Impacting Simon Property Group

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

• Positive Sentiment: Board authorizes a new $2.0 billion common stock repurchase program through Feb. 29, 2028 — increases potential buybacks that can support EPS, reduce share count and signal management confidence in cash flow durability. Simon Announces New $2.0 Billion Common Stock Repurchase Program
• Positive Sentiment: Company reported record 2025 FFO and raised its dividend with FY‑2026 EPS guidance of $13.00–$13.25 — results and guidance underpin cash flow outlook and support the dividend/buyback thesis for REIT investors. Simon Property Delivers Record 2025 Results, Hikes Dividend
• Positive Sentiment: Announced over $250 million of targeted redevelopments at three high-end centers (Nashville, Denver, Tampa) following full Taubman acquisitions — capital allocation aimed at driving higher rents, sales/sqft and long‑term NOI. Transforming the Future of Luxury Retail: Simon Announces Major Redevelopments
• Positive Sentiment: Evercore ISI raised its price target on SPG to $198 — analyst upgrades/lifted targets can boost near‑term sentiment and trading demand. Evercore ISI Raises SPG Price Target to $198
• Neutral Sentiment: Appointment of Martin J. Cicco to the Board of Directors — governance update that may add industry experience/oversight but has limited immediate operational impact. Simon Property Group Announces Appointment of Martin J. Cicco
• Neutral Sentiment: Industry/watchlist commentary (MarketBeat, Zacks) highlights SPG as attractive in a stable-rate environment and flags Q4 strength — supportive macro narrative but more thematic than company-specific. 3 Intriguing Stocks to Watch After Q4 Earnings: AMD, SPG, TER
• Negative Sentiment: Earnings call flagged growth opportunities but also highlighted risks — consumer variability and rate uncertainty remain potential overhangs that could compress multiples if trends weaken. Earnings Call Highlights Growth, Risks

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Stefan M. Selig bought 201 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, with a total value of $37,386.00. Following the completion of the purchase, the director directly owned 32,277 shares of the company’s stock, valued at $6,003,522. This trade represents a 0.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Larry C. Glasscock purchased 363 shares of the stock in a transaction on Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, with a total value of $67,518.00. Following the transaction, the director directly owned 43,899 shares in the company, valued at $8,165,214. The trade was a 0.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 2,192 shares of company stock valued at $407,712 in the last quarter. 8.66% of the stock is currently owned by company insiders.

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.