B of A Securities Reiterates Buy Rating on Simon Property Group
B of A Securities maintains its buy rating for Simon Property Group with a price target of $236, a 5.52% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating on Simon Property Group, setting a price target of $236 as of June 29, 2026.
- B of A Securities's $236 price target implies 5.52% upside from Simon Property Group, Inc.'s ($SPG) current $223.65 share price.
- On Monday, Simon Property Group traded near $226.89, with a market cap of $73.58 billion and a P/E ratio of 15.8.
- Analyst consensus holds a buy rating with a mean target price of $218.2, while insider buying was noted in May 2026.
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B of A Securities has reiterated its buy rating on Simon Property Group, Inc. (NYSE: SPG) with a price target of $236. This reaffirmation was made by analyst Samir Khanal on June 29, 2026, reflecting ongoing confidence in the company's performance.
B of A Securities vs. the S&P 500
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Simon Property Group, Inc. Stock Up 4.2%
Shares of NYSE:SPG traded near $226.89 on Monday. Simon Property Group boasts a market capitalization of approximately $73.58 billion. It has a P/E ratio of 15.8 and a higher forward P/E of 32.7, indicating expectations for future earnings growth. The stock's beta is 1.346, suggesting it is more volatile than the overall market. Over the past 52 weeks, the stock has ranged from a low of $158.00 to a high of $228.58. The 50-day moving average stands at $207.00, while the 200-day average is $191.55.
$SPG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Simon Property Group reported revenue of $6.65 billion, with a revenue growth of 19.3%. The company achieved an impressive net margin of 70.6% and a return on equity of 113.6%. Earnings per share were $14.38. The next earnings announcement is expected on August 3, 2026.
Dividend
The company offers an annual dividend rate of $8.80, providing a yield of 3.88%. The dividend payout ratio is 60.2%, indicating a balanced approach to returning capital to shareholders while retaining earnings for growth.
Insider Buying and Selling at Simon Property Group, Inc.
In May 2026, several insiders, including CEO Eli Simon, purchased shares. Eli Simon bought 3,117 shares, although the price and value were not disclosed. Other insiders, such as Larry Glasscock and Gary Rodkin, also acquired shares, signaling confidence in the company's prospects.
Analysts Set New Price Targets
On June 29, 2026, B of A Securities maintained its buy rating on Simon Property Group with a target price of $236. Other analysts have also weighed in recently. Barclays maintained a hold rating with a $213 target on June 25, while Truist Securities set a $215 target with a hold rating on June 23. The consensus among analysts is a buy rating, with a mean target price of $218.2, based on 20 analyst opinions.
About Simon Property Group
Simon Property Group, Inc. is a leading real estate investment trust (REIT) specializing in retail properties. Based in Indianapolis, Indiana, the company owns, develops, and manages a portfolio of premier shopping, dining, and entertainment destinations, including malls and premium outlets. As of December 31, 2024, Simon Property Group had an interest in 229 properties across North America, Asia, and Europe. The company is led by CEO Eli M. Simon and employs around 3,100 people.
Bottom Line
B of A Securities' reaffirmation of a buy rating for Simon Property Group, along with a $236 price target, underscores analysts' confidence in the company's growth potential. Investors keep a close eye on such analyst ratings, as they can influence market perceptions and stock performance. This reiteration is based on past performance and future expectations, reflecting the backward-looking nature of such analyses.
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