Simon Property Group (NYSE:SPG) Sets New 12-Month High – Still a Buy?

Simon Property Group, Inc. (NYSE:SPG)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $201.40 and last traded at $201.2170, with a volume of 730792 shares. The stock had previously closed at $196.83.

Analysts Set New Price Targets

SPG has been the topic of several recent analyst reports. Citigroup lifted their price objective on Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Scotiabank lifted their price target on shares of Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a report on Friday, January 16th. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Finally, Evercore boosted their price objective on shares of Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $197.93.

Simon Property Group Price Performance

The business has a fifty day moving average of $188.44 and a 200 day moving average of $182.53. The firm has a market cap of $65.22 billion, a P/E ratio of 14.09, a PEG ratio of 6.58 and a beta of 1.39. The company has a quick ratio of 1.44, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company earned $3.68 earnings per share. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group announced that its Board of Directors has initiated a stock buyback program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Daniel C. Smith acquired 347 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $64,542.00. Following the acquisition, the director directly owned 32,680 shares in the company, valued at $6,078,480. This represents a 1.07% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Reuben S. Leibowitz acquired 480 shares of the stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the transaction, the director directly owned 53,639 shares in the company, valued at approximately $9,976,854. This trade represents a 0.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 2,192 shares of company stock valued at $407,712 in the last ninety days. 8.66% of the stock is currently owned by company insiders.

Institutional Trading of Simon Property Group

Large investors have recently modified their holdings of the stock. Brighton Jones LLC acquired a new position in Simon Property Group during the fourth quarter valued at approximately $295,000. Nordea Investment Management AB increased its stake in shares of Simon Property Group by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 29,781 shares of the real estate investment trust’s stock valued at $4,731,000 after purchasing an additional 1,607 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Simon Property Group by 7.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,900 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 134 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Simon Property Group in the second quarter valued at about $278,000. Finally, Phoenix Financial Ltd. bought a new position in Simon Property Group in the second quarter valued at about $502,000. 93.01% of the stock is owned by institutional investors and hedge funds.

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.