Truist Financial Issues Positive Forecast for Simon Property Group (NYSE:SPG) Stock Price

Simon Property Group (NYSE:SPG) had its target price boosted by equities researchers at Truist Financial from $196.00 to $215.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential downside of 0.74% from the stock’s current price.

SPG has been the topic of several other reports. Weiss Ratings raised shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. Scotiabank increased their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Thursday. Stifel Nicolaus raised their price target on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. boosted their price target on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Finally, Evercore set a $208.00 price objective on Simon Property Group in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $209.64.

Simon Property Group Stock Up 0.9%

SPG stock traded up $2.04 during mid-day trading on Tuesday, reaching $216.60. The company had a trading volume of 434,119 shares, compared to its average volume of 1,671,825. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $70.24 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 3.82 and a beta of 1.31. The firm has a fifty day simple moving average of $205.54 and a 200 day simple moving average of $195.00. Simon Property Group has a fifty-two week low of $157.05 and a fifty-two week high of $220.43.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts forecast that Simon Property Group will post 13.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Simon Property Group

A number of large investors have recently modified their holdings of SPG. Vanguard Group Inc. raised its position in Simon Property Group by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock worth $8,694,610,000 after acquiring an additional 286,464 shares in the last quarter. State Street Corp boosted its position in shares of Simon Property Group by 1.5% during the 3rd quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock worth $4,084,730,000 after purchasing an additional 312,995 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Simon Property Group by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after purchasing an additional 363,337 shares in the last quarter. Capital World Investors grew its stake in shares of Simon Property Group by 2.7% during the 4th quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock worth $1,593,872,000 after purchasing an additional 226,271 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Simon Property Group by 6.1% during the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after purchasing an additional 491,519 shares during the period. 93.01% of the stock is 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.