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Simon Property Group, Inc.

SPG · NYSE

Market closed$228.70$0.210000 (+0.09%)After hours $227.65 · -0.46%

Key statistics

Previous close$228.49
Open$228.57
Day high$231.53
Day low$226.87
52-week high$231.53
52-week low$159.70
Market cap74.16B
Volume1.38M
Average volume1.89M
P/E ratio13.37
Forward P/E—
EPS17.10
Dividend yield+3.85%

Market context

Why it moved

Simon Property Group edged higher, holding near a new 52-week high, supported by strong quarterly results that beat earnings and revenue estimates, a raised full-year guidance, an increased quarterly dividend, and growing institutional confidence reflected by rising stakes from major investors like Bessemer Group and Vanguard.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Simon Property Group closed essentially unchanged, holding near its 52-week high of $231.53, even as the broader market faced pressure from escalating U.S.-Iran tensions and a tech-driven selloff. The REIT's resilience reflects solid fundamentals — strong Q1 results with EPS of $1.48 beating estimates on $1.76B in revenue (up 19.3% YoY), a raised quarterly dividend to $2.25/share, and robust occupancy — though Wall Street remains cautious, with a consensus Hold rating and an average price target of $213.07, well below current trading levels.

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July 17, 2026Simon Property Group shares rose nearly 3%, approaching their 52-week high of $229.59, as the real estate sector broadly benefited from cooler-than-expected June CPI data that eased rate hike fears. The gains were supported by a Weiss Ratings upgrade to Buy (B+), strong recent fundamentals — including a Q1 earnings beat, a 19.3% year-over-year revenue surge, and a dividend hike to $2.25/share — alongside a favorable industry backdrop of constrained retail supply and resilient leasing demand that has pushed the retail REIT sector up over 20% year-to-date.

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July 16, 2026Simon Property Group edged modestly higher, outperforming the broader real estate sector (XLRE ended the session softer) amid a broader market rally fueled by a cooler-than-expected June CPI reading. Investor focus is sharpening on SPG's upcoming Q2 earnings after the REIT recently raised its full-year 2026 Real Estate FFO guidance, having already beat Q1 estimates with $1.48 EPS on $1.76B in revenue (+19.3% YoY). However, the stock is trading well above the Wall Street consensus target of $213.07, and Deutsche Bank's downgrade to Hold (July 9) adds to a cautious analyst backdrop, even as multiple directors purchased shares at ~$223 in late June signaling insider confidence.

0.3299

July 15, 2026Simon Property Group edged higher, outperforming the broader real estate sector (XLRE) on a session buoyed by a softer-than-expected June CPI report. The stock has rallied over 21% year-to-date as the company reported better-than-expected Q1 results — EPS of $1.48 vs. $1.46 estimated and revenue of $1.76 billion, up 19.3% year over year — while raising its quarterly dividend to $2.25 per share and guiding FY2026 EPS to $13.10–$13.25. Despite the strong fundamentals, Wall Street sentiment remains cautious, with Deutsche Bank downgrading to Hold (raising its target to $220) and Wolfe Research cutting to Peer Perform, pushing the consensus to Hold with an average target of $213.07 — below the current price. Multiple insiders purchased shares on June 30, and institutional ownership stands at 93%.

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July 14, 2026Simon Property Group closed modestly higher, edging up against a backdrop of broad market weakness driven by renewed U.S.-Iran hostilities and surging oil prices. Despite the headwinds, SPG outperformed the flat real estate sector ETF (XLRE), supported by a wave of institutional accumulation — multiple funds increased stakes in Q1 — and bullish insider buying in late June. Recent analyst downgrades from Deutsche Bank and Wolfe Research on valuation grounds, citing the stock's 21%+ year-to-date rally, are tempering upside expectations, with consensus now at Hold and an average price target of ~$213.

0.3291

July 11, 2026Simon Property Group edged lower as Wolfe Research downgraded the stock on valuation grounds, a notable headwind for a name that has surged over 21% year-to-date and is trading near its 52-week high of $229.59. The downgrade contrasts with recent bullish moves — Bank of America raised its price target to $236 and Jefferies upgraded to Strong Buy in late June — reflecting a split on Wall Street where the consensus sits at Hold with an average target of $211.93, below current levels. Retail REITs broadly remain a bright spot in CRE, supported by limited new supply and resilient consumer demand.

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July 10, 2026Simon Property Group edged up modestly, closing near the flat line as a flurry of analyst activity drew investor attention — notably Deutsche Bank downgrading SPG to Hold while raising its price target to $220, and UBS lifting its target to $222 (from $199) while maintaining Neutral. These moves come alongside recent institutional buying, insider purchases by two directors on June 30, and a raised quarterly dividend of $2.25/share. The broader retail REIT sector held up relatively well against macro headwinds including renewed U.S.-Iran military tensions, rising oil prices, and elevated Treasury yields that weighed on rate-sensitive assets.

0.283

July 9, 2026Simon Property Group shares fell as a broad risk-off sell-off swept through rate-sensitive real estate stocks after President Trump declared the U.S.-Iran ceasefire 'over,' sending oil prices surging over 5% and pushing Treasury yields sharply higher — a double headwind for REITs. The real estate sector ETF (XLRE) also closed lower as rising yields compressed valuation multiples across the sector. Despite the macro pressure, SPG's fundamentals remain solid: the company recently beat Q1 earnings estimates, raised its quarterly dividend to $2.25 per share (up from $2.20), and received a Jefferies upgrade to Strong Buy and a Bank of America price target increase to $236 in late June — while multiple insiders purchased shares near $223.

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Kalkine Media · July 17, 2026Simon Property Group (NYSE:SPG) Faces A Critical TestAd Hoc News · July 17, 2026Simon Property Group stock holds as earnings and occupancy stay firmMarketBeat · July 17, 2026Bessemer Group Inc. Boosts Stake in Simon Property Group, Inc. $SPGMoomoo · July 15, 2026Simon Property Group Inc : Jefferies Raises TBarchart.com · July 13, 2026Simon Property Group's Quarterly Earnings Preview: What You Need to KnowMoomoo · July 9, 2026UBS Maintains Simon Property(SPG.US) With Hold Rating, Raises Target Price to $222PR Newswire · June 9, 2026Simon Property Group Announces Offering of Euro-Denominated NotesInvesting.com · March 23, 2026Simon Property Group CEO David Simon dies at 64
Benzinga · July 9, 2026UBS Maintains Neutral on Simon Property Group, Raises Price Target to $222
Mt Newswire · July 9, 2026UBS Adjusts Price Target on Simon Property Group to $222 From $199, Maintains Neutral Rating
Mt Newswire · July 9, 2026UBS Adjusts Price Target on Simon Property to $222 From $199
Mt Newswire · July 9, 2026Deutsche Bank Downgrades Simon Property to Hold From Buy, Adjusts Price Target to $220 From $205
Benzinga · July 7, 2026Evercore ISI Group Maintains In-Line on Simon Property Group, Raises Price Target to $215
Mt Newswire · July 7, 2026Evercore ISI Adjusts Price Target on Simon Property to $215 From $208
Mt Newswire · June 26, 2026JPMorgan Adjusts Price Target on Simon Property Group to $231 From $217, Maintains Neutral Rating
Benzinga · June 25, 2026Barclays Maintains Equal-Weight on Simon Property Group, Raises Price Target to $213

Peers

S&P 500SPX · $7,457.78-1.01%The Macerich CompanyMAC · $25.92+0.35%Tanger Inc.SKT · $41.78+0.24%Federal Realty Investment TrustFRT · $126.02+0.53%Regency Centers CorporationREG · $82.68+0.36%Brixmor Property Group Inc.BRX · $32.57+0.52%Realty Income CorporationO · $65.71-0.06%Unibail-Rodamco-Westfield SEURW.PA · €103.65+0.10%Prologis, Inc.PLD · $149.71-0.23%Seritage Growth PropertiesSRG · $2.64+1.54%Klepierre S.A.KLPEF · $42.440.00%Hammerson plcHMSO.L · 373.00+0.76%