Simon Property Group stock gets a new Hold rating from Truist

Published on 10/04/2026 at 20:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Simon Property Group stock delivered USD 1.79 billion in Q2 2026 revenue, up 19.5 percent year over year. EPS missed consensus by USD 0.15, while 17 firms held a Hold view.

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Simon Property Group (ISIN US8288061091) closed at USD 200.95 on the NYSE on October 2, 2026, up 0.07 percent on the session. On the same date, MarketBeat reported that Truist Financial initiated coverage with a Hold rating and a USD 215 price target. The setup combines resilient operating figures with a valuation debate that remains visible in the analyst spread.

Revenue grew while EPS missed

Simon Property Group generated USD 1.79 billion in revenue in the second quarter of 2026, up 19.5 percent from the year-earlier quarter. According to Yahoo Finance, second-quarter real estate FFO reached USD 3.29 per share, ahead of the USD 3.18 consensus and 7.9 percent above the prior-year figure.

The earnings picture was less uniform. Adjusted EPS came in at USD 1.49 against a USD 1.64 consensus, a USD 0.15 shortfall, even as the company lifted full-year 2026 real estate FFO guidance to USD 13.20-13.30 per share from USD 13.10-13.25, according to Yahoo Finance.

Truist starts with a Hold

Truist's USD 215 target stands USD 14.05 above the October 2 closing price, implying 6.99 percent upside. The rating is therefore constructive on value but stops short of a bullish call, a distinction that matters after the quarterly EPS miss.

MarketBeat said 17 research firms carried a consensus Hold rating and an average target of USD 227.64. That average is 13.3 percent above the October 2 price, leaving the market to weigh income potential against the evidence of higher financing pressure in a capital-intensive REIT.

Stock remains below its yearly high

The October 2 session covered USD 200.57 to USD 202.66, with 1,224,346 shares traded. Simon Property Group's 52-week range was USD 172.19 to USD 238.50, placing the closing price 15.7 percent below the yearly high.

Market capitalization stood at USD 65.2 billion on October 2, 2026. Investing.com identifies SPG as a NYSE-listed stock and names November 2, 2026, as the next earnings date, giving the next quarterly report a clear checkpoint for the guidance and earnings debate.