Analysts Set Simon Property Group, Inc. (NYSE:SPG) Price Target at $193.85

Shares of Simon Property Group, Inc. (NYSE:SPG) have earned an average rating of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $194.6429.

A number of equities research analysts recently weighed in on SPG shares. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a report on Tuesday. Piper Sandler boosted their price objective on shares of Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Evercore ISI upped their price target on Simon Property Group from $187.00 to $188.00 and gave the company an “in-line” rating in a research note on Friday, October 17th. Finally, Mizuho set a $192.00 price objective on Simon Property Group in a research report on Friday, January 9th.

Insider Buying and Selling at Simon Property Group

In related news, Director Larry C. Glasscock acquired 363 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $67,518.00. Following the completion of the acquisition, the director owned 43,899 shares of the company’s stock, valued at $8,165,214. This trade represents a 0.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary M. Rodkin purchased 226 shares of the stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, with a total value of $42,036.00. Following the completion of the purchase, the director owned 19,455 shares in the company, valued at $3,618,630. The trade was a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 2,192 shares of company stock valued at $407,712 over the last quarter. 8.66% of the stock is owned by corporate insiders.

Institutional Trading of Simon Property Group

A number of large investors have recently made changes to their positions in SPG. Brighton Jones LLC acquired a new stake in shares of Simon Property Group during the fourth quarter worth about $295,000. Swedbank AB boosted its holdings in shares of Simon Property Group by 5.6% in the second quarter. Swedbank AB now owns 137,950 shares of the real estate investment trust’s stock valued at $22,177,000 after buying an additional 7,296 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Simon Property Group by 23.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 31,923 shares of the real estate investment trust’s stock worth $5,323,000 after acquiring an additional 6,069 shares during the period. Global X Japan Co. Ltd. boosted its position in shares of Simon Property Group by 26.7% during the second quarter. Global X Japan Co. Ltd. now owns 1,036 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 218 shares during the period. Finally, CX Institutional grew its stake in shares of Simon Property Group by 23.3% during the 2nd quarter. CX Institutional now owns 1,654 shares of the real estate investment trust’s stock worth $266,000 after acquiring an additional 313 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Up 0.4%

Shares of Simon Property Group stock opened at $185.02 on Monday. The company’s fifty day moving average price is $184.16 and its two-hundred day moving average price is $178.37. The firm has a market capitalization of $60.40 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 8.76 and a beta of 1.37. Simon Property Group has a 52-week low of $136.34 and a 52-week high of $190.13. The company has a debt-to-equity ratio of 9.59, a current ratio of 1.44 and a quick ratio of 1.44.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.13. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the company earned $3.05 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. On average, analysts expect that Simon Property Group will post 12.54 EPS for the current year.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Wednesday, December 10th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s dividend payout ratio is presently 128.09%.

Simon Property Group Company Profile

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.