Simon Property Group, Inc. (NYSE:SPG) Receives Consensus Recommendation of “Hold” from Brokerages

Simon Property Group, Inc. (NYSE:SPG) has received a consensus rating of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat reports. Twelve analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $227.64.

Several analysts recently weighed in on the company. Bank of America lifted their price objective on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. Barclays dropped their target price on shares of Simon Property Group from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday. Truist Financial raised their target price on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. UBS Group upped their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Mizuho upped their price target on shares of Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th.

Institutional Trading of Simon Property Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its holdings in Simon Property Group by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock worth $111,950,000 after purchasing an additional 20,477 shares in the last quarter. Corient Private Wealth LP boosted its holdings in shares of Simon Property Group by 64.3% in the 2nd quarter. Corient Private Wealth LP now owns 87,140 shares of the real estate investment trust’s stock valued at $19,489,000 after buying an additional 34,112 shares in the last quarter. Norges Bank purchased a new position in shares of Simon Property Group in the 4th quarter worth approximately $1,112,111,000. Chilton Capital Management LLC grew its position in shares of Simon Property Group by 596.3% in the 2nd quarter. Chilton Capital Management LLC now owns 46,999 shares of the real estate investment trust’s stock worth $10,511,000 after buying an additional 40,249 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of Simon Property Group during the 2nd quarter worth approximately $25,186,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Down 1.7%

SPG opened at $200.89 on Friday. The stock’s fifty day moving average is $215.62 and its two-hundred day moving average is $209.36. The company has a market capitalization of $65.00 billion, a P/E ratio of 14.17, a PEG ratio of 3.15 and a beta of 1.28. Simon Property Group has a 52 week low of $172.19 and a 52 week high of $238.50. 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 (NYSE:SPG) last issued its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. Simon Property Group’s quarterly revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Analysts forecast that Simon Property Group will post 13.23 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.5%. Simon Property Group’s payout ratio is 63.47%.

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.