Simon Property Group (NYSE:SPG) Stock Price Expected to Rise, Barclays Analyst Says

Simon Property Group (NYSE:SPG) had its target price hoisted by Barclays from $188.00 to $193.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential downside of 4.38% from the company’s current price.

SPG has been the topic of a number of other research reports. Truist Financial boosted their price objective on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a report on Monday. Stifel Nicolaus boosted their price target on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research note on Tuesday, February 3rd. UBS Group upped their price target on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Tuesday, January 20th. Finally, Piper Sandler reissued an “overweight” rating and issued a $230.00 target price (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $199.36.

Simon Property Group Stock Down 0.6%

Simon Property Group stock opened at $201.85 on Monday. The stock’s 50 day moving average price is $191.18 and its 200 day moving average price is $184.60. Simon Property Group has a 1-year low of $136.34 and a 1-year high of $205.12. The company has a market cap of $65.90 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 6.69 and a beta of 1.36. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. The company 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%.Simon Property Group’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter 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, sell-side analysts predict that Simon Property Group will post 12.54 EPS for the current fiscal year.

Simon Property Group announced that its Board of Directors has approved a share repurchase plan 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 stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz acquired 480 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the transaction, the director owned 53,639 shares in the company, valued at $9,976,854. This trade represents a 0.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary M. Rodkin bought 226 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $42,036.00. Following the purchase, the director directly owned 19,455 shares in the company, valued at $3,618,630. The trade was a 1.18% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 2,192 shares of company stock valued at $407,712. Company insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Simon Property Group

Several hedge funds have recently modified their holdings of SPG. Stance Capital LLC acquired a new position in shares of Simon Property Group in the third quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in Simon Property Group during the fourth quarter worth approximately $29,000. VSM Wealth Advisory LLC purchased a new stake in Simon Property Group in the 2nd quarter worth approximately $30,000. Silicon Valley Capital Partners acquired a new position in Simon Property Group in the 2nd quarter valued at $30,000. Finally, Bell Investment Advisors Inc raised its holdings in Simon Property Group by 205.6% in the 2nd 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 owned by institutional investors and hedge funds.

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.