Simon Property Group (NYSE:SPG) Research Coverage Started at Truist Financial

Truist Financial started coverage on shares of Simon Property Group (NYSE:SPG) in a report published on Friday morning, Marketbeat Ratings reports. The firm issued a hold rating and a $215.00 price objective on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Stifel Nicolaus boosted their price objective on shares of Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Scotiabank decreased their target price on shares of Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft lowered shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Thursday, July 9th. Finally, Wolfe Research cut shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, Simon Property Group currently has an average rating of “Hold” and an average price target of $227.64.

Simon Property Group Trading Up 0.1%

SPG opened at $201.15 on Friday. Simon Property Group has a one year low of $172.19 and a one year high of $238.50. The stock has a market capitalization of $65.08 billion, a PE ratio of 14.19, a P/E/G ratio of 3.10 and a beta of 1.30. The business’s 50 day moving average price is $214.57 and its 200 day moving average price is $209.54. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share 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 quarter in the previous year, the company posted $1.70 earnings per share. The company’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. As a group, equities research analysts expect that Simon Property Group will post 13.23 EPS for the current year.

Simon Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, September 9th. Simon Property Group’s payout ratio is 63.47%.

Insider Activity

In other Simon Property Group news, Director Daniel C. Smith purchased 350 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were bought at an average cost of $202.78 per share, for a total transaction of $70,973.00. Following the completion of the purchase, the director directly owned 34,830 shares in the company, valued at approximately $7,062,827.40. This represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marta R. Stewart purchased 199 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were acquired at an average cost of $202.78 per share, with a total value of $40,353.22. Following the completion of the acquisition, the director directly owned 18,199 shares in the company, valued at $3,690,393.22. The trade was a 1.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 1,668 shares of company stock valued at $338,237. Insiders own 8.73% of the company’s stock.

Hedge Funds Weigh In On Simon Property Group

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of Simon Property Group by 1.2% in the 2nd quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock valued at $8,335,255,000 after buying an additional 455,543 shares in the last quarter. Wellington Management Group LLP raised its stake in Simon Property Group by 2.7% during the 2nd quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock worth $2,100,146,000 after acquiring an additional 242,709 shares in the last quarter. Capital World Investors raised its stake in 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 acquiring an additional 226,271 shares in the last quarter. Bank of America Corp DE lifted its position in Simon Property Group by 6.1% in the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock valued at $1,586,089,000 after acquiring an additional 491,519 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Simon Property Group by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust’s stock valued at $859,209,000 after acquiring an additional 105,524 shares during the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group News Roundup

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: Truist Financial initiated coverage with a “hold” rating and a $215 price target, implying roughly 6.9% upside from the referenced trading level. The target provides support for the view that SPG may be undervalued after its recent pullback. Benzinga analyst coverage article
• Positive Sentiment: Multiple Simon directors purchased shares at approximately $202.78, led by Reuben Leibowitz’s 480-share purchase. Seven other directors, including Daniel Smith, Gary Rodkin, Stefan Selig, Marta Stewart, Randall Lewis, Nina Jones, and Peggy Roe, also bought shares. The combined insider purchases total approximately $338,000 and may signal that management views SPG as attractively valued. Simon Property Group insider buying report
• Positive Sentiment: A Seeking Alpha analysis identifies Simon Property Group as an A-rated REIT offering a yield above 4%, with accelerating net operating income and improved funds-from-operations guidance potentially supporting double-digit total returns if the sector recovers. SPG’s quarterly dividend is cited at $2.25 per share, or $9.00 annualized, for an approximately 4.5% yield. Seeking Alpha REIT valuation analysis
• Neutral Sentiment: Truist’s “hold” rating is constructive on valuation but does not represent a bullish recommendation. The stock also remains below its 50-day and 200-day moving averages, indicating continued technical weakness.
• Negative Sentiment: Rising bond yields are weighing on REIT valuations and increase the relative appeal of bonds compared with dividend-paying real estate stocks. Higher borrowing costs could also pressure SPG’s highly leveraged balance sheet, making interest-rate volatility the principal near-term risk. Rising bond yields and REITs article

About Simon Property Group

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.