Simon Property Group (NYSE:SPG) Downgraded by Deutsche Bank Aktiengesellschaft to “Hold”

Simon Property Group (NYSE:SPG) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a $220.00 price objective on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 0.21% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Bank of America increased their price objective on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. UBS Group reiterated a “neutral” rating and set a $222.00 price objective on shares of Simon Property Group in a research note on Thursday. Morgan Stanley boosted their target price on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. upped their target price on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $213.07.

Simon Property Group Trading Down 3.4%

NYSE:SPG opened at $219.53 on Thursday. Simon Property Group has a 1 year low of $159.33 and a 1 year high of $229.59. The stock has a market cap of $71.19 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 4.11 and a beta of 1.29. The business has a fifty day moving average of $210.62 and a 200-day moving average of $198.50. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities analysts predict that Simon Property Group will post 13.21 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz purchased 508 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.38 per share, with a total value of $113,477.04. Following the completion of the acquisition, the director owned 55,797 shares of the company’s stock, valued at approximately $12,463,933.86. This represents a 0.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel C. Smith acquired 372 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, with a total value of $83,071.32. Following the transaction, the director directly owned 34,480 shares in the company, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 2,387 shares of company stock valued at $533,056 in the last three months. Insiders own 8.73% of the company’s stock.

Hedge Funds Weigh In On Simon Property Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PFG Investments LLC increased its stake in Simon Property Group by 2.2% in the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of Simon Property Group by 2.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after buying an additional 52 shares during the period. Veridan Wealth LLC boosted its holdings in shares of Simon Property Group by 1.2% in the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after buying an additional 53 shares during the period. CYBER HORNET ETFs LLC boosted its holdings in shares of Simon Property Group by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 55 shares during the period. Finally, Embree Financial Group increased its position in shares of Simon Property Group by 2.4% in the fourth quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock worth $447,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds 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.