Simon Property Group (NYSE:SPG) Price Target Raised to $275.00

Simon Property Group (NYSE:SPG) had its price target upped by LADENBURG THALM/SH SH from $250.00 to $275.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

SPG has been the subject of several other research reports. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Piper Sandler upped their target price on Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. UBS Group increased their price target on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Stifel Nicolaus raised their price target on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and an average price target of $221.07.

Simon Property Group Trading Up 0.6%

Shares of SPG opened at $221.84 on Tuesday. Simon Property Group has a twelve month low of $170.49 and a twelve month high of $238.50. The company has a market cap of $71.94 billion, a P/E ratio of 15.64, a P/E/G ratio of 2.84 and a beta of 1.30. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The company’s fifty day simple moving average is $222.12 and its 200-day simple moving average is $205.85.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Simon Property Group had a return on equity of 91.46% and a net margin of 66.56%.Simon Property Group’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, analysts expect that Simon Property Group will post 13.24 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio is currently 63.47%.

Insider Buying and Selling at Simon Property Group

In other news, Director Gary M. Rodkin purchased 256 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the acquisition, the director owned 21,016 shares of the company’s stock, valued at approximately $4,693,713.44. This trade represents a 1.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Glyn Aeppel acquired 243 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the purchase, the director owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Simon Property Group

Hedge funds have recently made changes to their positions in the company. Danske Bank A S increased its stake in Simon Property Group by 11.1% during the 4th quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock valued at $35,901,000 after purchasing an additional 19,300 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Simon Property Group by 3.3% during the fourth quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock worth $700,452,000 after buying an additional 122,186 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Simon Property Group by 3.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock valued at $111,950,000 after buying an additional 20,477 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Simon Property Group by 1,329.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock valued at $86,723,000 after buying an additional 435,721 shares during the last quarter. Finally, L & S Advisors Inc acquired a new position in shares of Simon Property Group in the 4th quarter valued at $4,058,000. 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 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.