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

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

Simon Property Group Stock Performance

Shares of NYSE:SPG traded up $1.33 during midday trading on Thursday, hitting $162.51. The company had a trading volume of 449,068 shares, compared to its average volume of 1,525,318. The company has a market cap of $53.02 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 10.10 and a beta of 1.43. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The company has a fifty day moving average of $158.11 and a two-hundred day moving average of $171.00. Simon Property Group has a 12-month low of $136.34 and a 12-month high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates of $2.91 by $0.04. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.34 billion. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.56 EPS. On average, equities research analysts expect that Simon Property Group will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be given a dividend of $2.10 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $8.40 annualized dividend and a dividend yield of 5.17%. Simon Property Group's payout ratio is 115.70%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Simon Property Group

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

About Simon Property Group

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.