Jefferies Financial Group Upgrades Simon Property Group (NYSE:SPG) to “Strong-Buy”

Simon Property Group (NYSE:SPG) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

SPG has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Evercore set a $208.00 price target on shares of Simon Property Group in a research note on Monday, June 8th. Barclays lifted their price objective on Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday. Stifel Nicolaus upped their price objective on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Finally, Truist Financial increased their target price on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $209.71.

Simon Property Group Stock Up 0.7%

Shares of SPG stock opened at $227.13 on Friday. Simon Property Group has a one year low of $158.00 and a one year high of $228.58. 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 stock has a fifty day moving average price of $207.23 and a 200 day moving average price of $196.03. The stock has a market cap of $73.66 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 4.07 and a beta of 1.31.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPG. Stance Capital LLC bought a new stake in Simon Property Group during the 3rd quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new position in shares of Simon Property Group in the fourth quarter worth about $29,000. SHP Wealth Management bought a new position in shares of Simon Property Group in the fourth quarter worth about $34,000. Dynamic Wealth Strategies LLC lifted its position 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 worth $39,000 after purchasing an additional 139 shares in the last quarter. Finally, Tompkins Financial Corp acquired a new position in shares of Simon Property Group during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds 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.