Stock Price & Analysis

Based on the provided data and recent market activity, Simon Property Group (SPG) is showing mixed signals. The stock closed at $172.90, down 1.74% in the regular trading session on January 22, 2025.

Technical Analysis

• RSI at 47.17 indicates neutral momentum, though slightly leaning towards oversold territory
• MACD at -0.54 suggests bearish short-term momentum
• Current price is trading near its 20-day moving average of $173.14, indicating a consolidation phase
• Fibonacci levels show immediate support at $170.67 and resistance at $176.09

Fundamental Analysis Recent reports highlight several key points:

• The company has demonstrated strong resilience with high occupancy rates
• Base minimum rent per square foot has increased by 6% compared to pre-pandemic levels
• Current occupancy rate is 96.2% at U.S. malls
• Trading at less than 14x funds from operations (FFO), suggesting reasonable valuation

Market Sentiment Recent market data shows:

• The stock is down 5.5% since Thanksgiving 2024
• Mall operators face some headwinds in the current retail environment
• However, Simon's premium properties continue to attract high-quality tenants

Recommendation SELL at current levels. While SPG has strong fundamentals, technical indicators suggest near-term weakness. Better entry points may present themselves in the coming weeks as the stock tests support levels around $170.67.

Based on the provided data and market analysis, here is the price prediction for Simon Property Group (SPG) stock in 2025:

Simon Property Group's stock price is projected to reach $195-200 by end of 2025, representing a potential upside of 13-16% from current price of $172.9. This forecast is supported by the company's strong fundamentals, including high occupancy rates above 96% and increasing rental income, along with its strategic investments in property enhancements and multi-use destinations.

The positive outlook is further reinforced by Wall Street's broader market expectations of double-digit growth in 2025, with the S&P 500 projected to deliver 10-15% returns. Simon Property Group's position as the premier operator of Class A malls in affluent areas, combined with its successful diversification into non-retail elements like offices, hotels and entertainment venues, positions it well to capitalize on the evolving retail landscape.

The S1 support level for SPG Stock is $170.68 ,The R1 resistant level for SPG Stock is $176.1.

As of the end of day on 2025-01-24, the price of SPG Stock was $174.

The target price for SPG Stock according to analyst rating is 178.65, with the highest price target at 198.00 and the lowest at 150.00. Analysts have a Hold rating on SPG Stock overall.

The market cap of SPG is $56.9B.

Based on the provided data and current market context, here's my analysis of whether SPG is overvalued:

Valuation Analysis: SPG's current PE ratio of 22.78x is relatively high compared to its historical range, showing an upward trend from 19.96x in Q1 2024 to 22.78x in Q3 2024, indicating potential overvaluation from a PE perspective.

Analyst Consensus: Recent analyst actions show a cautious stance, with Deutsche Bank initiating coverage with a Hold rating in December 2024, citing concerns about "currently elevated valuation levels" despite healthy retail fundamentals.

Market Performance: The stock has shown weakness since Thanksgiving 2024, declining 5.5% during this period, suggesting market participants may be questioning current valuations.

Dividend Yield: The current dividend yield of 4.67% has decreased from 5.11% in Q2 2024, indicating price appreciation has outpaced dividend growth, further supporting the overvaluation thesis.

Conclusion: SPG appears moderately overvalued at current levels, supported by elevated PE ratio, declining dividend yield, and cautious analyst sentiment.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, and The Mills. It owns or holds an interest in approximately 195 income-producing properties in the United States, which consists of 93 malls, 69 Premium Outlets, 14 Mills, six lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. It also holds an interest in 24 regional, super-regional, and outlet malls in the United States and Asia. In addition, it has redevelopment and expansion projects, including the addition of anchors, big box tenants and restaurants, underway at several properties in the North America, Europe and Asia. Internationally, the Company has ownership in 35 Premium Outlets and Designer Outlet properties primarily located in Asia, Europe, and Canada.

Based on the provided data and market analysis, here's the price prediction for Simon Property Group (SPG) stock by 2030:

SPG stock is projected to reach $285-295 by 2030, driven by Simon's continued dominance in Class A mall operations and successful adaptation to evolving retail landscapes. The company's strong performance in maintaining high occupancy rates (96.2% in Q3 2024) and steady increase in base minimum rent demonstrates resilient business fundamentals.

The growth trajectory is supported by Simon's strategic diversification into mixed-use properties and successful integration of non-retail elements like offices, hotels, and entertainment venues, positioning it well for sustained long-term growth.

SPG has a total of 2500 employees.