Simon Property Group (NYSE:SPG) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Simon Property Group (NYSE:SPG) released its quarterly earnings results on Monday. The real estate investment trust reported $2.95 EPS for the quarter, beating the consensus estimate of $2.91 by $0.04, Zacks reports. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. During the same quarter last year, the firm earned $3.56 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Simon Property Group updated its FY 2025 guidance to 12.400-12.650 EPS.

Simon Property Group Stock Up 5.3%

Shares of SPG traded up $8.62 on Monday, hitting $171.81. The company’s stock had a trading volume of 2,804,678 shares, compared to its average volume of 1,515,362. The firm’s fifty day moving average price is $158.81 and its 200-day moving average price is $171.14. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. Simon Property Group has a fifty-two week low of $136.34 and a fifty-two week high of $190.14. The firm has a market capitalization of $56.06 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 10.10 and a beta of 1.43.

Analysts Set New Price Targets

Several research firms have recently commented on SPG. Stifel Nicolaus raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $168.50 price objective for the company in a research note on Wednesday, April 9th. Scotiabank cut their price target on Simon Property Group from $186.00 to $159.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 23rd. StockNews.com lowered Simon Property Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th. Finally, Piper Sandler raised Simon Property Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.39.

Institutional Trading of Simon Property Group

A hedge fund recently bought a new stake in Simon Property Group stock. Brighton Jones LLC acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,713 shares of the real estate investment trust’s stock, valued at approximately $295,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

About Simon Property Group

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.