Simon Property Group (NYSE:SPG) Coverage Initiated by Analysts at BNP Paribas Exane

Key Points

• BNP Paribas Exane initiated coverage of Simon Property Group with a “neutral” rating and a $222 price target, implying approximately 11.3% upside from the reported $199.53 share price.
• Analyst sentiment remains broadly cautious: Simon has an average “Hold” rating and a consensus price target of $227.27, despite several firms assigning Buy or Strong Buy ratings.
• The REIT reported quarterly EPS of $1.49, below the $1.64 estimate, while revenue rose 19.5% year over year to $1.79 billion. Insiders bought shares recently, and institutional investors own 93.01% of the stock.

Analysts at BNP Paribas Exane began coverage on shares of Simon Property Group (NYSE:SPG - Get Free Report) in a research report issued to clients and investors on Friday, Briefing.com reports. The brokerage set a "neutral" rating and a $222.00 price target on the real estate investment trust's stock. BNP Paribas Exane's price objective points to a potential upside of 11.26% from the company's current price.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a "buy" rating to a "hold" rating and set a $220.00 target price on the stock. in a research report on Thursday, July 9th. Piper Sandler increased their target price on shares of Simon Property Group from $230.00 to $285.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. Evercore set a $216.00 price target on shares of Simon Property Group in a research note on Monday, September 21st. Jefferies Financial Group raised shares of Simon Property Group to a "strong-buy" rating in a report on Friday, June 26th. Finally, Citigroup upped their price objective on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a "neutral" rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $227.27.

Simon Property Group Stock Up 1.0%

NYSE SPG opened at $199.53 on Friday. The business has a fifty day moving average price of $211.89 and a two-hundred day moving average price of $209.85. The stock has a market capitalization of $64.56 billion, a PE ratio of 14.07, a PEG ratio of 3.05 and a beta of 1.30. Simon Property Group has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings results 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 net margin of 66.56% and a return on equity of 89.32%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business posted $1.70 EPS. The company's revenue for the quarter 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. Equities analysts expect that Simon Property Group will post 13.23 earnings per share for the current fiscal year.

Insider Activity

In other Simon Property Group news, Director Marta R. Stewart acquired 199 shares of the company's stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average price of $202.78 per share, for a total transaction of $40,353.22. Following the acquisition, the director directly owned 18,199 shares in the company, valued at $3,690,393.22. This represents a 1.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel C. Smith acquired 350 shares of the company's stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average price of $202.78 per share, with a total value of $70,973.00. Following the acquisition, the director owned 34,830 shares in the company, valued at $7,062,827.40. The trade was a 1.02% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 1,668 shares of company stock valued at $338,237. 8.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Simon Property Group

A number of institutional investors have recently added to or reduced their stakes in SPG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Simon Property Group by 13,579.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust's stock valued at $806,167,000 after purchasing an additional 3,578,240 shares during the period. Legal & General Group Plc bought a new stake in shares of Simon Property Group in the 2nd quarter valued at about $783,974,000. Canada Pension Plan Investment Board bought a new stake in shares of Simon Property Group in the 2nd quarter valued at about $489,647,000. Caisse de depot et placement du Quebec acquired a new stake in shares of Simon Property Group in the second quarter valued at about $143,948,000. Finally, Bank of America Corp DE increased its stake in shares of 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 buying an additional 491,519 shares during the period. 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.

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