Piper Sandler cuts target for Simon Property Group stock to USD 254.00
Published on 10/13/2026 at 11:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Piper Sandler lowered its Simon Property Group price target from USD 285.00 to USD 254.00 on October 12, 2026.
- Second-quarter revenue reached USD 1.79 billion, up 19.50 percent year over year, while net income declined to USD 483.97 million.
- Simon Property Group stock was trading at EUR 181.13 at Lang & Schwarz on October 13, 2026 at 11:31 a.m. CEST.
- Simon Property Group scheduled its third-quarter 2026 earnings release for November 5, 2026.
Simon Property Group (ISIN US8288061091) was trading at EUR 181.13 at Lang & Schwarz on October 13, 2026 at 11:31 a.m. CEST. On October 12, 2026, Markets Insider reported that Piper Sandler lowered its price target from USD 285.00 to USD 254.00 while keeping an Overweight rating.
Three dated signals for SPG
On August 10, 2026, Simon Property Group reported second-quarter revenue of USD 1.79 billion, up 19.50 percent from the prior-year quarter, while earnings per share came in at USD 1.49 versus USD 1.64 consensus, according to MarketBeat. On September 9, 2026, Simon disclosed an USD 800.00 million senior-notes sale on its investor-relations page, while the October 12, 2026 Piper Sandler update became the most recent market event.
What does the target change mean?
The new USD 254.00 target is USD 31.00 below the former USD 285.00 objective, a 10.88 percent reduction calculated from the old target. Piper Sandler cited higher refinancing rates and model changes in its October 12, 2026 report, giving the target revision a direct connection to financing assumptions rather than a change in Simon's property portfolio.
Results date sets the next marker
Simon Property Group scheduled its third-quarter 2026 earnings release and conference call for November 5, 2026, at 5:00 p.m. Eastern Time. The company had fiscal 2026 earnings-per-share guidance of USD 13.20 to USD 13.30 in the MarketBeat report, leaving the next results as the next quantified test for leasing performance and financing costs.
Stock price in German trading
The Lang & Schwarz quote places Simon Property Group stock at EUR 181.13 on October 13, 2026 at 11:31 a.m. CEST. The quote showed a EUR 180.25 bid and a EUR 182.00 ask, while the primary listing is Simon Property Group's NYSE common stock in USD.
The further course of trading is shown by the continuously updated real-time quote of Simon Property Group stock.
Simon Property Group at a glance
- Company: Simon Property Group, Inc.
- ISIN: US8288061091
- Ticker: SPG
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 13, 2026, 11:31 a.m. CEST: EUR 181.13
- Sector / Industry: Real Estate / REIT - Retail
- Index membership: S&P 100
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
