Truist Financial Initiates Coverage on Simon Property Group (NYSE:SPG)

Analysts at Truist Financial assumed coverage on shares of Simon Property Group (NYSE:SPG) in a research report issued to clients and investors on Friday. The firm set a “hold” rating and a $215.00 price target on the real estate investment trust’s stock. Truist Financial’s price target points to a potential upside of 6.72% from the company’s previous close.

A number of other equities analysts have also recently weighed in on SPG. Evercore set a $216.00 price objective on Simon Property Group in a report on Monday, September 21st. Scotiabank cut their target price on Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. Bank of America increased their price target on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Stifel Nicolaus lifted their price target on shares of Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Finally, Mizuho boosted their price objective on shares of Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $227.64.

Simon Property Group Price Performance

NYSE:SPG traded up $0.64 during midday trading on Friday, hitting $201.45. The company had a trading volume of 40,791 shares, compared to its average volume of 1,624,129. The company has a market capitalization of $65.18 billion, a PE ratio of 14.18, a P/E/G ratio of 3.09 and a beta of 1.30. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group has a 52-week low of $172.19 and a 52-week high of $238.50. The stock’s fifty day moving average price is $215.14 and its 200-day moving average price is $209.46.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, research analysts expect that Simon Property Group will post 13.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Marta R. Stewart acquired 199 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average price of $202.78 per share, with a total value of $40,353.22. Following the completion of the purchase, the director owned 18,199 shares in the company, valued at $3,690,393.22. This trade represents a 1.11% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel C. Smith bought 350 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average price of $202.78 per share, for a total transaction of $70,973.00. Following the acquisition, the director directly owned 34,830 shares of the company’s stock, valued at approximately $7,062,827.40. The trade was a 1.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 1,668 shares of company stock worth $338,237. 8.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Simon Property Group

Institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new position in shares of Simon Property Group during the second quarter valued at about $27,000. Osbon Capital Management LLC purchased a new position in Simon Property Group during the 2nd quarter valued at about $32,000. SHP Wealth Management bought a new position in Simon Property Group during the 4th quarter valued at approximately $34,000. Fiduciary Financial Advisors bought a new position in Simon Property Group during the 2nd quarter valued at approximately $34,000. Finally, Dynamic Wealth Strategies LLC lifted its holdings in Simon Property Group by 195.8% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 139 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Key Simon Property Group News

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: Several Simon directors made open-market purchases near $202.78 per share, led by Reuben Leibowitz’s 480-share purchase. Directors Daniel Smith, Gary Rodkin, Stefan Selig, Marta Stewart, Randall Lewis, Nina Jones, and Peggy Roe also bought shares. The broad insider buying suggests management sees value after the decline, although the purchases are modest relative to the company’s size. Director insider purchase article
• Positive Sentiment: Market commentary identifies SPG as potentially undervalued, citing its A-rated balance sheet, improving NOI, raised funds-from-operations guidance, and more than 4% dividend yield. The company’s quarterly dividend is $2.25 per share, or $9.00 annualized, with a payout ratio of approximately 63%. A-rated REITs article
• Neutral Sentiment: Analyst opinion remains mixed: the consensus rating is “Hold,” while the average price target of $227.64 implies meaningful upside from recent trading levels. Recent target changes include both increases and a Barclays reduction to $208, indicating uncertainty about the impact of interest rates.
• Negative Sentiment: Rising bond yields remain the primary near-term headwind for SPG and the broader REIT sector. The company also faces approximately $2 billion of debt maturities and carries high reported leverage, making refinancing costs and rate volatility important risks.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a real estate investment trust that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve consumers and attract national and international retailers.

The company generates revenue primarily through leasing retail and commercial space to tenants and through related property-management and development activities.