Scotiabank cuts target for Simon Property Group stock from USD 222.00 to USD 221.00
Published on 10/06/2026 at 11:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Simon Property Group (ISIN US8288061091) was trading at EUR 179.85 at Lang & Schwarz on October 6, 2026 at 11:43 a.m. CEST, up 0.64 percent versus the prior close of EUR 178.70. According to MarketScreener on September 17, 2026, Scotiabank cut its price target from USD 222.00 to USD 221.00 and kept a Sector Perform rating.
Target cut stays modest
The USD 1.00 reduction leaves the target above the latest US market quote cited by MarketScreener, but the change points to a more measured analyst view. The same overview listed 20 analysts, an average target of USD 235.00 and an Outperform mean consensus.
Revenue growth meets an earnings gap
MarketBeat reported that Simon Property Group generated USD 1.79 billion of revenue in the second quarter of 2026, up 19.50 percent from the year-earlier quarter. That result exceeded the USD 1.61 billion consensus estimate, while earnings per share of USD 1.49 missed the USD 1.64 consensus by USD 0.15.
The company maintained fiscal 2026 earnings-per-share guidance of USD 13.20 to USD 13.30, according to MarketBeat. The combination of double-digit revenue growth and an earnings shortfall gives investors two competing reference points for the next report.
Dividend and next report
MarketBeat said Simon Property Group declared a quarterly dividend of USD 2.25 per share, equal to USD 9.00 annualized and a 4.40 percent yield, with the September 30, 2026 payment date. Yahoo Finance lists November 2, 2026 as the next earnings date, giving the market a scheduled checkpoint for the guidance range.
Euro quote remains below the yearly high
The Lang & Schwarz quote is an intraday German-market reference, while the company remains listed on the NYSE in US dollars. The stock's current euro price sits below the USD 238.50 52-week high cited by MarketBeat, so the currencies should not be used to calculate a direct distance between the two levels.
Trading conditions for Simon Property Group stock are shown by the continuously updated real-time quote of Simon Property Group stock.
Simon Property Group stock facts
- Company: Simon Property Group, Inc.
- ISIN: US8288061091
- Ticker: SPG
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 6, 2026 at 11:43 a.m. CEST: EUR 179.85
- Change versus prior close: plus 0.64 percent
- Prior close Lang & Schwarz October 5, 2026: EUR 178.70
- Market capitalization: USD 65.3 billion (as of October 6, 2026)
- Sector / Industry: Real Estate / Retail REIT
- Index membership: S&P 100
- Next earnings date: November 2, 2026
