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

Key Points

• Simon Property Group has updated its FY 2025 earnings per share guidance to $12.450-$12.650, exceeding the consensus estimate of $12.301.
• Recent analyst ratings show mixed updates, with JPMorgan and Mizuho lowering their price targets, while Stifel Nicolaus increased theirs, indicating a consensus "Hold" rating with a target of $182.73.
• The company announced a quarterly dividend of $2.10 per share, reflecting a dividend yield of 5.1% and a payout ratio of 133.76%.

Simon Property Group (NYSE:SPG - Get Free Report) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 12.450-12.650 for the period, compared to the consensus earnings per share estimate of 12.301. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays started coverage on shares of Simon Property Group in a report on Wednesday, July 2nd. They issued an "equal weight" rating and a $170.00 price objective on the stock. Piper Sandler dropped their price target on shares of Simon Property Group from $205.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Stifel Nicolaus set a $179.00 price target on shares of Simon Property Group and gave the stock a "buy" rating in a research report on Tuesday. Mizuho dropped their target price on shares of Simon Property Group from $182.00 to $169.00 and set a "neutral" rating for the company in a research report on Tuesday, June 10th. Finally, LADENBURG THALM/SH SH began coverage on shares of Simon Property Group in a research report on Friday, July 18th. They set a "buy" rating and a $225.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Simon Property Group presently has a consensus rating of "Hold" and a consensus price target of $182.64.

Simon Property Group Stock Performance

Shares of NYSE:SPG traded down $0.94 on Wednesday, hitting $168.38. The company's stock had a trading volume of 760,211 shares, compared to its average volume of 1,634,148. 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 12 month low of $136.34 and a 12 month high of $190.13. The company has a market capitalization of $54.96 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 11.07 and a beta of 1.48. The stock's 50-day moving average is $162.21 and its two-hundred day moving average is $165.03.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $3.05 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.01. Simon Property Group had a return on equity of 70.40% and a net margin of 36.78%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm earned $2.90 EPS. Simon Property Group's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts forecast that Simon Property Group will post 12.54 EPS for the current year.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be issued a $2.15 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from Simon Property Group's previous quarterly dividend of $2.10. Simon Property Group's dividend payout ratio (DPR) is 133.76%.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Glyn Aeppel purchased 234 shares of the business's stock in a transaction on Monday, June 30th. The stock was acquired at an average cost of $159.29 per share, for a total transaction of $37,273.86. Following the completion of the transaction, the director directly owned 19,057 shares in the company, valued at approximately $3,035,589.53. This represents a 1.24% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Reuben S. Leibowitz bought 522 shares of the firm's stock in a transaction on Monday, June 30th. The shares were acquired at an average cost of $159.29 per share, with a total value of $83,149.38. Following the purchase, the director directly owned 58,195 shares of the company's stock, valued at approximately $9,269,881.55. This represents a 0.91% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 2,386 shares of company stock worth $380,066. 8.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simon Property Group stock. Brighton Jones LLC purchased a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and 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.

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.