Simon Property Group (NYSE:SPG) Reaches New 52-Week High – Should You Buy?

Simon Property Group, Inc. (NYSE:SPG)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $209.92 and last traded at $208.5770, with a volume of 261452 shares traded. The stock had previously closed at $206.22.

Analyst Ratings Changes

Several research analysts have recently issued reports on SPG shares. Weiss Ratings cut Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday. Stifel Nicolaus increased their price target on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Truist Financial increased their price target on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. increased their price target on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Evercore set a $207.00 price target on Simon Property Group in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $205.57.

Simon Property Group Stock Performance

The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $67.96 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 3.68 and a beta of 1.31. The company has a fifty day moving average price of $199.50 and a two-hundred day moving average price of $192.51.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities research analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.3%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s payout ratio is currently 62.54%.

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

Institutional Investors Weigh In On Simon Property Group

Hedge funds have recently modified their holdings of the stock. Stance Capital LLC purchased a new stake in shares of Simon Property Group during the third quarter valued at $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Simon Property Group during the fourth quarter valued at $29,000. SHP Wealth Management purchased a new stake in shares of Simon Property Group during the fourth quarter valued at $34,000. Atlantic Union Bankshares Corp lifted its holdings in shares of Simon Property Group by 143.0% during the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC lifted its holdings in shares of 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 purchasing an additional 139 shares during the last quarter. 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.