Scotiabank Issues Positive Forecast for Simon Property Group (NYSE:SPG) Stock Price

Simon Property Group (NYSE:SPG) had its target price hoisted by Scotiabank from $189.00 to $192.00 in a report released on Tuesday morning,Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the company. Barclays boosted their price objective on Simon Property Group from $188.00 to $193.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Truist Financial boosted their price target on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. Morgan Stanley set a $205.00 price objective on Simon Property Group in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. increased their price objective 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. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $199.57.

Simon Property Group Price Performance

Shares of SPG opened at $177.93 on Tuesday. The company’s 50-day moving average is $192.53 and its 200-day moving average is $185.90. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $57.82 billion, a PE ratio of 12.55, a PEG ratio of 5.98 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.

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

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group declared that its board has approved a stock repurchase plan on Thursday, February 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase 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 shares are undervalued.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Glyn Aeppel bought 216 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the purchase, the director directly owned 19,481 shares of the company’s stock, valued at approximately $3,623,466. This trade represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Reuben S. Leibowitz bought 480 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, for a total transaction of $89,280.00. Following the acquisition, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This represents a 0.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 2,192 shares of company stock worth $407,712 in the last 90 days. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SPG. Stance Capital LLC acquired a new stake in shares of Simon Property Group in the 3rd quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in Simon Property Group in the fourth quarter valued at approximately $29,000. Silicon Valley Capital Partners bought a new stake in shares of Simon Property Group during the second quarter worth $30,000. SHP Wealth Management acquired a new position in shares of Simon Property Group during the fourth quarter worth $34,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Simon Property Group in the 3rd quarter valued at $39,000. Institutional investors own 93.01% of the company’s stock.

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.