Simon Property Group (NYSE:SPG) Given New $235.00 Price Target at UBS Group

Key Points

• UBS raised its Simon Property Group price target to $235 from $205 but kept a neutral rating, implying just 0.08% upside from the prior close.
• Analyst sentiment is broadly Hold: nine analysts rate the stock Buy and 13 rate it Hold, with an average price target of $230.10.
• Simon Property Group reported quarterly EPS of $3.37, beating the $1.69 consensus, while revenue of $1.81 billion exceeded forecasts and rose 13.3% year over year.

Simon Property Group (NYSE:SPG - Get Free Report) had its target price raised by investment analysts at UBS Group from $205.00 to $235.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's target price indicates a potential upside of 0.08% from the stock's previous close.

Several other research firms have also issued reports on SPG. Ladenburg Thalmann & Co. Inc. increased their target price on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Stifel Nicolaus upped their price target on Simon Property Group from $194.00 to $209.00 and gave the stock a "hold" rating in a report on Tuesday, August 11th. Truist Financial assumed coverage on Simon Property Group in a report on Friday, October 2nd. They issued a "hold" rating and a $215.00 price objective on the stock. Barclays reduced their target price on Simon Property Group from $215.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, September 28th. Finally, Evercore boosted their target price on shares of Simon Property Group from $213.00 to $216.00 in a research note on Wednesday, October 28th. Nine investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $230.10.

Simon Property Group Stock Performance

SPG stock traded up $0.33 during trading on Wednesday, hitting $234.81. 1,211,533 shares of the company traded hands, compared to its average volume of 1,596,949. The stock's 50-day simple moving average is $208.79 and its 200 day simple moving average is $207.25. The company has a debt-to-equity ratio of 5.57, a current ratio of 0.74 and a quick ratio of 1.05. The company has a market cap of $75.97 billion, a PE ratio of 16.94, a P/E/G ratio of 3.56 and a beta of 1.27. Simon Property Group has a 1 year low of $177.88 and a 1 year high of $238.50.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $3.37 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $1.68. Simon Property Group had a net margin of 63.08% and a return on equity of 78.14%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter last year, the company earned $3.22 EPS. The business's revenue was up 13.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.300-13.400 EPS. On average, equities analysts expect that Simon Property Group will post 13.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Stefan M. Selig acquired 208 shares of the stock in a transaction on Wednesday, September 30th. The shares were bought at an average price of $202.78 per share, with a total value of $42,178.24. Following the completion of the purchase, the director owned 34,020 shares of the company's stock, valued at approximately $6,898,575.60. This represents a 0.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Rodkin bought 232 shares of the company's stock in a transaction on Wednesday, September 30th. The stock was bought at an average price of $202.78 per share, with a total value of $47,044.96. Following the completion of the acquisition, the director owned 21,248 shares in the company, valued at $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. Over the last ninety days, insiders bought 1,668 shares of company stock valued at $338,237. Insiders own 8.73% of the company's stock.

Institutional Investors Weigh In On Simon Property Group

Several hedge funds and other institutional investors have recently bought and sold shares of SPG. Ancora Advisors LLC acquired a new stake in shares of Simon Property Group during the 2nd quarter worth approximately $27,000. Fulcrum Asset Management LLP purchased a new stake in Simon Property Group in the 3rd quarter valued at about $27,000. Osbon Capital Management LLC acquired a new position in shares of Simon Property Group in the 2nd quarter worth approximately $32,000. Fiduciary Financial Advisors acquired a new stake in shares of Simon Property Group in the second quarter valued at $34,000. Finally, Dynamic Wealth Strategies LLC increased its stake in 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 during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

About Simon Property Group

Simon Property Group is a real estate investment trust that owns, develops and manages shopping, dining and entertainment destinations. Its portfolio includes regional malls, premium outlet centers and mixed-use properties, which combine retail with other uses such as restaurants and entertainment. The company's properties are located primarily in the United States, with additional investments and operations in international markets, including Europe and Asia. Its business activities include leasing space to retailers and other tenants, operating properties and investing in redevelopment and expansion projects.

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