Simon Property Group (NYSE:SPG) Hits New 1-Year High – Should You Buy?

Simon Property Group, Inc. (NYSE:SPG)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $214.63 and last traded at $213.3470, with a volume of 2001883 shares. The stock had previously closed at $211.89.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday. Evercore set a $208.00 target price on shares of Simon Property Group in a report on Monday. Scotiabank raised their target price on shares of Simon Property Group from $192.00 to $206.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Truist Financial raised their target price on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, March 2nd. Finally, UBS Group raised their target price on shares of Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $205.79.

Simon Property Group Trading Up 0.7%

The firm has a market cap of $69.19 billion, a P/E ratio of 14.83, a PEG ratio of 3.83 and a beta of 1.31. The firm’s fifty day moving average is $201.83 and its two-hundred day moving average is $193.35. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.2%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Institutional Trading of Simon Property Group

Several large investors have recently added to or reduced their stakes in SPG. Stance Capital LLC purchased a new position in Simon Property Group during the third quarter valued at $26,000. Wilkerson Advisory Group LLC purchased a new position in Simon Property Group during the fourth quarter valued at $29,000. SHP Wealth Management purchased a new position in Simon Property Group during the fourth quarter valued at $34,000. Dynamic Wealth Strategies LLC lifted its position in Simon Property Group by 195.8% during the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 139 shares during the period. Finally, Tompkins Financial Corp purchased a new position in Simon Property Group during the fourth quarter valued at $42,000. Institutional investors own 93.01% of the company’s stock.

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.