Simon Property Group (NYSE:SPG) Stock Picked Up by Analysts at Truist Financial

Equities research analysts at Truist Financial initiated coverage on shares of Simon Property Group (NYSE:SPG) in a research report issued on Friday, MarketBeat reports. The brokerage set a “hold” rating and a $215.00 price target on the real estate investment trust’s stock. Truist Financial’s price objective would suggest a potential upside of 6.85% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus raised their price target on shares of Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Scotiabank cut their target price on shares of Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. UBS Group lifted their target price on shares of Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Mizuho boosted their price target on shares of Simon Property Group from $211.00 to $226.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Finally, Wolfe Research lowered Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $227.64.

Simon Property Group Stock Up 0.1%

Shares of SPG stock traded up $0.27 on Friday, reaching $201.22. 1,040,640 shares of the company’s stock traded hands, compared to its average volume of 1,627,498. The company has a market capitalization of $65.11 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. Simon Property Group has a 12-month low of $172.19 and a 12-month high of $238.50. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50 day moving average price is $213.97 and its two-hundred day moving average price is $209.62.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities analysts forecast that Simon Property Group will post 13.23 earnings per share for the current year.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Marta R. Stewart bought 199 shares of the stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $202.78 per share, with a total value of $40,353.22. Following the completion of the transaction, the director directly owned 18,199 shares of the company’s stock, valued at $3,690,393.22. This represents a 1.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary M. Rodkin bought 232 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were bought at an average price of $202.78 per share, for a total transaction of $47,044.96. Following the completion of the acquisition, the director owned 21,248 shares of the company’s stock, valued at approximately $4,308,669.44. This represents a 1.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 1,668 shares of company stock worth $338,237 in the last ninety days. Company insiders own 8.73% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPG. Ancora Advisors LLC bought a new stake in shares of Simon Property Group during the 2nd quarter worth $27,000. Osbon Capital Management LLC bought a new position in shares of Simon Property Group in the second quarter worth about $32,000. SHP Wealth Management acquired a new position in shares of Simon Property Group during the 4th quarter worth about $34,000. Fiduciary Financial Advisors acquired a new stake in Simon Property Group in the 2nd quarter valued at approximately $34,000. Finally, Dynamic Wealth Strategies LLC grew its holdings in Simon Property Group by 195.8% in the 1st 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 last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a real estate investment trust that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve consumers and attract national and international retailers.

The company generates revenue primarily through leasing retail and commercial space to tenants and through related property-management and development activities.