Simon Property Group (NYSE:SPG) Updates FY 2025 Earnings Guidance

Simon Property Group (NYSE:SPG - Get Free Report) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 12.400-12.650 for the period, compared to the consensus earnings per share estimate of 12.560. The company issued revenue guidance of -.

Simon Property Group Stock Up 1.3%

NYSE SPG traded up $2.12 during trading hours on Friday, hitting $165.15. 1,352,577 shares of the company traded hands, compared to its average volume of 1,529,937. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. The business's 50-day moving average is $158.09 and its 200-day moving average is $170.88. The stock has a market capitalization of $53.89 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 10.10 and a beta of 1.43. Simon Property Group has a twelve month low of $136.34 and a twelve month high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last released its earnings results on Monday, May 12th. The real estate investment trust reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.04. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the business earned $3.56 earnings per share. The firm's revenue was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Simon Property Group will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a $2.10 dividend. The ex-dividend date is Monday, June 9th. This represents a $8.40 annualized dividend and a yield of 5.09%. Simon Property Group's dividend payout ratio (DPR) is currently 115.70%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SPG. Piper Sandler raised Simon Property Group from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Stifel Nicolaus raised their price target on Simon Property Group from $168.50 to $180.00 and gave the company a "buy" rating in a report on Tuesday. StockNews.com downgraded shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Finally, Scotiabank dropped their price objective on shares of Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $179.67.

Hedge Funds Weigh In On Simon Property Group

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

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.