Simon Property Group, Inc. (NYSE:SPG) Receives Average Rating of “Hold” from Analysts
by Mitch Edgeman · The Markets DailySimon Property Group, Inc. (NYSE:SPG – Get Free Report) has received a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $199.5714.
Several analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Truist Financial upped 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, March 2nd. Evercore raised their price objective on shares of Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research note on Tuesday, February 3rd. Morgan Stanley set a $205.00 price objective on shares of Simon Property Group in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research report on Wednesday.
Check Out Our Latest Analysis on Simon Property Group
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its position in shares of Simon Property Group by 7.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 131,110 shares of the real estate investment trust’s stock valued at $24,270,000 after buying an additional 9,185 shares during the last quarter. World Investment Advisors raised its position in Simon Property Group by 14.4% in the 4th quarter. World Investment Advisors now owns 4,975 shares of the real estate investment trust’s stock valued at $921,000 after buying an additional 626 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Simon Property Group by 9.8% during the 4th quarter. Corient Private Wealth LLC now owns 84,725 shares of the real estate investment trust’s stock valued at $15,746,000 after acquiring an additional 7,562 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Simon Property Group by 2.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,244,627 shares of the real estate investment trust’s stock valued at $230,471,000 after acquiring an additional 26,535 shares in the last quarter. Finally, Pure Financial Advisors LLC boosted its holdings in Simon Property Group by 29.5% during the 4th quarter. Pure Financial Advisors LLC now owns 1,553 shares of the real estate investment trust’s stock worth $288,000 after acquiring an additional 354 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.
Simon Property Group Stock Up 0.8%
SPG stock opened at $200.52 on Friday. The stock’s 50 day simple moving average is $193.35 and its 200 day simple moving average is $186.48. The company has a market cap of $65.16 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 6.56 and a beta of 1.37. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. Simon Property Group has a fifty-two week low of $142.30 and a fifty-two week high of $205.12.
Simon Property Group (NYSE:SPG – Get Free Report) last announced its quarterly earnings data 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. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm posted $3.68 earnings per share. The company’s revenue for the quarter 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. On average, research analysts expect that Simon Property Group will post 12.54 earnings per share for the current fiscal year.
Simon Property Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were paid a dividend of $2.20 per share. The ex-dividend date was Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.4%. Simon Property Group’s payout ratio is 62.06%.
Simon Property Group announced that its Board of Directors has approved a share repurchase program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
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.