Simon Property Group's Price Target Raised to $173.00 by Scotiabank Analyst

Scotiabank analyst Nicholas Yulico has raised the price target for Simon Property Group (SPG) to $173.00, a 6.13% increase from the previous target of $163.00. This follows a series of analyst updates and ratings changes, with an average target price of $185.47 and a consensus recommendation of "Outperform". However, GuruFocus estimates a one-year GF Value of $149.25, indicating a potential downside of 16.29% from the current price.

Simon Property Group (SPG) has seen a series of analyst updates following its Q2 2025 results, with varying price targets and recommendations. Scotiabank analyst Nicholas Yulico recently raised the price target for SPG to $173.00, a 6.13% increase from the previous target of $163.00 [1]. This move comes amidst an average target price of $185.47 and a consensus recommendation of "Outperform" [2]. However, GuruFocus estimates a one-year GF Value of $149.25, indicating a potential downside of 16.29% from the current price [3].

Despite the robust financial performance, with a 2.8% year-over-year (YoY) increase in top-line revenue to $1.5 billion and a 4.2% YoY rise in net operating income (NOI), the consensus rating remained largely unchanged. Truist Securities recently raised its price target (PT) to $169, maintaining a Hold rating, reflecting the mixed signals from other analysts. The company's real estate funds from operations (FFO) grew 4.1% YoY to $3.05 per share, surpassing consensus estimates by 33 basis points [1].

The market's response to the latest earnings call and the company's dividend increase to $2.15 per share from $2.05 per share has been cautious. The Hold rating suggests a wait-and-see approach from Truist Securities, indicating that the market needs more clarity on the company's long-term growth prospects [1]. Several research firms have commented on SPG, with some firms like Stifel and Evercore ISI maintaining a Buy rating, while others like Scotiabank and BMO Capital have lowered their price targets [2].

Simon Property Group's Q2 2025 results were solid, but the market's reaction has been tempered by the mixed analyst sentiments and the Hold rating from Truist Securities. Investors should continue to monitor the company's performance and analyst ratings as more data becomes available. The recent increase in the price target by Scotiabank reflects the positive aspects of SPG's performance, while the overall consensus remains cautious.

References:
[1] https://www.ainvest.com/news/simon-property-group-truist-securities-maintains-hold-raises-pt-169-2508/
[2] https://www.marketbeat.com/instant-alerts/simon-property-group-inc-nysespg-given-average-rating-of-hold-by-analysts-2025-08-22/
[3] https://www.ainvest.com/news/marvell-technology-autodesk-dell-ulta-beauty-affirm-holdings-estee-lauder-gap-simon-property-group-ambarella-petco-health-wellness-company-expected-report-earnings-hours-august-28-2025-2508/