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Simon Property Group (SPG) has an average rating of overweight and mean price target of $237.89, according to analysts polled by FactSet.Price: $204.98, Change: $+0.31, Percent Change: +0.15%
Simon Property (SPG) said Thursday it launched a commerce media network to support advertisers in targeting consumers across its retail and entertainment locations.The advertising system allows marketers to deploy localized and national campaigns via physical digital displays, experiential events, and internal e-commerce channels, the company said.Advertisers can utilize the firm's internal data analytics to monitor property visitation, transaction volumes, and user engagement metrics to evaluate returns on media spending, the real estate investment trust said.Price: $215.11, Change: $-2.01, Percent Change: -0.92%
Simon Property Group (SPG) has an average rating of overweight and mean price target of $233.72, according to analysts polled by FactSet.Price: $219.94, Change: $-1.54, Percent Change: -0.69%
S&P 500 companies' quarterly earnings growth rate eased from a week ago amid a drop in the healthcare sector, though the results continue to be "strong" overall, Oppenheimer Asset Management said Monday.Some 89% of the companies in the benchmark equity index have reported results in the ongoing cycle, with earnings rising about 51% year over year, compared with 57% growth a week ago. Revenue growth eased to 14.6% from 14.8%, the report showed.The healthcare sector saw earnings fall 7.5% on an annual basis, compared with a 20% jump a week ago.In the sector, Merck (MRK) swung to a quarterly loss amid an acquisition charge, while Pfizer's (PFE) second-quarter adjusted earnings fell year over year last week.The remaining 10 S&P 500 sectors reported year-over-year profit growth, with energy up 147%. Consumer discretionary and communication services soared more than 110% each, Oppenheimer said Monday.Bottom-up estimates from FactSet put analysts' projected earnings growth at 24% prior to the start of the latest reporting season, according to the brokerage.In terms of sales, energy continued to lead the sectors with a 42% annual gain for the quarter, followed by technology's 27% advance."Continued strong results reported for (the second-quarter) earnings season, along with economic data that showed acceleration in services and manufacturing activity even as jobs declined in July, lent support for the (Federal Reserve) to remain 'on hold'," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said in a note to clients."In addition to these solid reported results, a number of company managers in key sectors have provided positive forward guidance, suggesting that conditions are favorable for further improvement ahead," Stoltzfus wrote.Only 11 S&P 500 companies are scheduled to report results this week, including Cisco (CSCO), Applied Materials (AMAT), and Simon Property (SPG).Markets are pricing in a 50% probability that the Fed will leave its benchmark lending rate unchanged in September, with the remaining odds in the favor of a 25-basis-point increase, according to the CME FedWatch tool.Price: $130.65, Change: $+2.07, Percent Change: +1.61%
US equity investors are expected to focus on inflation and Fed speak this week while keeping a close watch on geopolitical developments related to Iran and quarterly earnings.* Consumer and wholesale price inflation data is due Wednesday and Thursday, respectively. Retail sales will be out Friday while existing home sales are scheduled for Tuesday.* Cleveland Fed President Beth Hammack, who was one of the three dissenters at the July Federal Open Market Committee meeting seeking a quarter of a percentage point increase in interest rates, and Richmond Fed President Tom Barkin will be delivering speeches on Thursday, a day after the CPI is due for release.* Currently, there is a 56% probability that the Fed will leave the target rate unchanged at 3.5% to 3.75% at its upcoming September policy meeting, up from 33% a week ago, due to a decline in July's nonfarm payrolls released late last week.* "I buy that near-term inflation risk remains elevated and an overly data-dependent FOMC may well react by raising rates," a Scotiabank note said late Friday. "In the context of lagging effects of monetary tightening, however, I don't see this as appropriate in the face of how inflation risk is likely to evolve in a medium-term sense."* Cisco (CSCO), Applied Materials (AMAT), CoreWeave (CRWV), Rocket Lab (RKLB) and Simon Property Group (SPG) are among the companies reporting quarterly results.* Iranian Foreign Minister Abbas Araqchi said on Sunday an agreement with Oman on the strait was in its "final stages" but reiterated comments made on Saturday that Tehran would not reopen the channel unless the US met certain demands made by Tehran, Reuters reported. These include compensation and an end to sanctions and military threats, before the strategic waterway is reopened, the news report said.* President Donald Trump has signaled a US emphasis on increasing economic pressure on Iran, saying that Washington is "low-keying" negotiations with the country, according to CNN.
The Standard & Poor's 500 index rose 3.6% this week after technology heavyweights jumped and optimism increased that the Strait of Hormuz will reopen following a deal between Iran and Oman.The market benchmark ended the week at 7,757.64. The index is now up 3.4% quarter to date and 13% this year.Palantir Technologies (PLTR) jumped 40% this week after Q2 sales and adjusted earnings surpassed estimates and the company boosted its full-year 2026 sales outlook.Nvidia (NVDA) jumped 12% this week.An Iranian official said a framework on the Strait of Hormuz has been agreed with Oman, with "a final decision to be made at higher levels," Al Jazeera reported, citing Iranian state media.The information technology sector had the largest percentage gain of the week, up 7.2%, followed by a 5.6% advance in materials and a 3% rise in industrials.Zebra Technologies (ZBRA) reported fiscal Q2 non-GAAP earnings and sales above market expectations, and also lifted its full-year 2026 outlook. Shares jumped 28% this week.Albemarle (ALB) reported Q2 adjusted earnings and sales growth that beat consensus, and raised revenue guidance for the specialties segment to $1.4 billion to $1.6 billion for the full year. Shares advanced 11% this week.The three S&P 500 sectors that declined the most this week were energy, utilities, and real estate, down 3.3%, 1.7% and 0.1%, respectively.NRG Energy (NRG) reported a steeper-than-expected slide in Q2 adjusted earnings. The shares fell 12% in the week.Cisco Systems (CSCO), Applied Materials (AMAT), CoreWeave (CRWV), Rocket Lab (RKLB) and Simon Property Group (SPG) are among the companies reporting quarterly results next week.Economic data due next week include consumer and wholesale price inflation, retail sales, Michigan consumer sentiment and existing home sales.
Simon Property (SPG) has an average rating of overweight and mean price target of $226.50, according to analysts polled by FactSet.Price: $228.79, Change: $+0.09, Percent Change: +0.04%
Simon Property Group (SPG) has an average rating of overweight and mean price target of $222.89, according to analysts polled by FactSet.
Simon Property Group (SPG) has an average rating of overweight and mean price target of $218.47, according to analysts polled by FactSet.Price: $225.72, Change: $+0.23, Percent Change: +0.10%
Simon Property (SPG) has an average rating of overweight and mean price target of $216.11, according to analysts polled by FactSet.Price: $216.70, Change: $+2.13, Percent Change: +0.99%
Simon Property Group (SPG) has an average rating of overweight and mean price target of $215.37, according to analysts polled by FactSet.Price: $209.84, Change: $+4.75, Percent Change: +2.32%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $12 to $220, valuing SPG shares at 16.8x our 2026 FFO estimate, a premium to the one-year average forward multiple of 14.3x due to an improving outlook for anchor tenants and strong re-leasing spreads. We increase our 2026 FFO estimate by $0.02 to $13.10 and increase 2027 by $0.27 to $13.67. SPG has gained momentum in recent quarters with improving re-leasing spreads and a redevelopment portfolio now expected to fuel higher NOI growth in future years. We believe SPG is likely to maintain 5%-7% comparable sales growth throughout 2026 with new leases in the 22%-27% range for the year (outperforming our prior expectations). Luxury stores continue to see the strongest growth in sales per square foot, while management noted that food and beverage sales were flat Y/Y despite strong foot traffic. Interest rate headwinds are expected as a $0.05 drag on FFO due to the prior outlook incorporating additional rate cuts vs. the current consensus for the year.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:SPG reported Q1 2026 revenue of $1.76B, up 19.3% Y/Y from $1.47B, with leasing income of $1.63B rising 19.1% Y/Y and beating consensus by $121M. The strong beat indicates 2026 will likely sustain leasing momentum as Q1 is typically a weaker quarter seasonally, in our view. Domestic property NOI increased 6.7% Y/Y while portfolio NOI was up 6.7% Y/Y in Q1, demonstrating broad-based operational strength across the portfolio. Retailer sales per square foot reached $819 in the trailing 12 months ended Q1 2026, up 11.8% Y/Y from $733 in the prior-year period, reflecting improved tenant productivity. Base minimum rent per square foot reached $61.99, representing 5.2% growth from $58.92 at March 31, 2025. The combination of strong leasing performance and improving retailer productivity metrics supports continued rental growth momentum throughout 2026. We believe the sustained improvement in both occupancy metrics and retailer sales productivity positions SPG well for continued outperformance.
Simon Property Group (SPG) has an average rating of overweight and mean price target of $207.68, according to analysts polled by FactSet.Price: $199.77, Change: $-0.74, Percent Change: -0.37%
Simon Property Group (SPG) has an average rating of overweight and mean price target of $207.68, according to analysts polled by FactSet.Price: $199.52, Change: $-0.98, Percent Change: -0.49%
