Simon Property Group (NYSE:SPG) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Simon Property Group reported quarterly earnings of $3.05 EPS, exceeding the estimated $3.04 EPS by $0.01, with a notable net margin of 35.98%.
• The company announced an updated FY 2025 guidance with EPS expected between $12.450 and $12.650.
• Simon Property Group's recent quarterly dividend was set at $2.10 per share, resulting in an annualized dividend yield of 5.1%.

Simon Property Group (NYSE:SPG - Get Free Report) announced its quarterly earnings results on Monday. The real estate investment trust reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.01, Zacks reports. Simon Property Group had a net margin of 35.98% and a return on equity of 67.32%. Simon Property Group updated its FY 2025 guidance to 12.450-12.650 EPS.

Simon Property Group Trading Up 1.9%

Shares of NYSE:SPG traded up $3.04 during trading on Monday, reaching $163.72. The stock had a trading volume of 1,846,283 shares, compared to its average volume of 1,628,690. The firm's fifty day moving average is $161.89 and its 200 day moving average is $165.07. The company has a debt-to-equity ratio of 8.29, a quick ratio of 1.45 and a current ratio of 1.45. Simon Property Group has a 52 week low of $136.34 and a 52 week high of $190.13. The stock has a market cap of $53.44 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 10.85 and a beta of 1.49.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, June 9th. Simon Property Group's dividend payout ratio is currently 133.76%.

Insider Activity at Simon Property Group

In related news, Director Reuben S. Leibowitz bought 522 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average price of $159.29 per share, for a total transaction of $83,149.38. Following the transaction, the director directly owned 58,195 shares of the company's stock, valued at approximately $9,269,881.55. The trade was a 0.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry C. Glasscock acquired 396 shares of the stock in a transaction on Monday, June 30th. The shares were acquired at an average price of $159.29 per share, for a total transaction of $63,078.84. Following the acquisition, the director owned 43,185 shares of the company's stock, valued at approximately $6,878,938.65. The trade was a 0.93% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 2,386 shares of company stock worth $380,066 over the last ninety days. 8.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simon Property Group stock. Brighton Jones LLC acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,713 shares of the real estate investment trust's stock, valued at approximately $295,000. Institutional investors and hedge funds own 93.01% of the company's stock.

Analyst Ratings Changes

SPG has been the topic of several research reports. Stifel Nicolaus lifted their price target on shares of Simon Property Group from $168.50 to $180.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Piper Sandler decreased their price target on shares of Simon Property Group from $205.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Barclays started coverage on shares of Simon Property Group in a report on Wednesday, July 2nd. They set an "equal weight" rating and a $170.00 target price on the stock. Mizuho reduced their target price on shares of Simon Property Group from $182.00 to $169.00 and set a "neutral" rating on the stock in a report on Tuesday, June 10th. Finally, Scotiabank boosted their target price on shares of Simon Property Group from $159.00 to $163.00 and gave the stock a "sector perform" rating in a report on Tuesday, June 17th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $182.73.

Simon Property Group Company Profile

Simon Property Group, Inc NYSE: SPG is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.

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