Simon Property Group, Inc. (NYSE:SPG) Given Average Recommendation of “Hold” by Brokerages

Simon Property Group, Inc. (NYSE:SPG) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $197.9286.

A number of research analysts have recently weighed in on SPG shares. Mizuho set a $192.00 price target on Simon Property Group in a research note on Friday, January 9th. Barclays reaffirmed a “positive” rating and issued a $188.00 price objective on shares of Simon Property Group in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Tuesday, January 20th. Scotiabank upped their price target on shares of 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. Finally, Citigroup lifted their target price on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th.

Simon Property Group Stock Down 1.6%

NYSE:SPG opened at $191.57 on Friday. The company has a market cap of $62.54 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 7.16 and a beta of 1.39. Simon Property Group has a 52-week low of $136.34 and a 52-week high of $201.40. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.44 and a current ratio of 0.90. The stock’s fifty day moving average price is $186.68 and its two-hundred day moving average price is $181.33.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates 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 was up 13.2% on a year-over-year basis. During the same period last year, the company earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, analysts anticipate that Simon Property Group will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $2.20 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.6%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group announced that its Board of Directors has initiated a share buyback 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 reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, Director Gary M. Rodkin purchased 226 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the purchase, the director owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. The trade was a 1.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry C. Glasscock acquired 363 shares of the stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $67,518.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 2,192 shares of company stock valued at $407,712. Company insiders own 8.66% of the company’s stock.

Institutional Investors Weigh In On Simon Property Group

Institutional investors have recently made changes to their positions in the stock. Stance Capital LLC bought a new position in Simon Property Group during the 3rd quarter worth approximately $26,000. VSM Wealth Advisory LLC acquired a new position in shares of Simon Property Group during the 2nd quarter valued at $30,000. Silicon Valley Capital Partners bought a new stake in Simon Property Group in the 2nd quarter valued at about $30,000. Bell Investment Advisors Inc raised its stake 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 worth $35,000 after buying an additional 146 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Simon Property Group during the third quarter valued at approximately $39,000. Institutional investors own 93.01% of the company’s stock.

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.