Truist starts coverage of Simon Property Group stock with Hold
Published on 10/07/2026 at 14:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Simon Property Group (ISIN US8288061091) was trading at EUR 179.98 at Lang & Schwarz on October 7, 2026 at 2:44 p.m. CEST, up 0.81 percent versus the prior close. On October 1, 2026, Truist assumed coverage with a Hold rating and a USD 215.00 price target, as Markets Insider reported.
Truist sets a cautious benchmark
Truist's USD 215.00 target stands above the latest Lang & Schwarz euro quote, but the currencies are different and cannot be used for a direct percentage comparison. The Hold rating gives the October analyst action a neutral tone rather than a fresh bullish signal.
The same Markets Insider report said higher interest rates and energy costs could increase consumer uncertainty, while limited retail supply, high occupancy and low tenant credit losses supported retail fundamentals.
Revenue beats while earnings miss
Simon reported USD 1.79 billion of revenue in the second quarter of 2026, compared with a USD 1.61 billion consensus estimate, according to MarketBeat. That revenue comparison was favorable, but diluted earnings per share were USD 1.49 against USD 1.64 consensus and USD 1.70 in the same quarter of the prior year.
MarketBeat also reported full-year 2026 earnings-per-share guidance of USD 13.20 to USD 13.30. For investors, the key tension is visible in the figures: top-line revenue exceeded expectations, while per-share earnings remained below consensus.
November results provide the next test
Simon will release financial and operating results for the quarter ending September 30, 2026, after the market close on November 5, 2026. The company announced the date through Morningstar, which said the conference call will begin at 5:00 p.m. Eastern Time.
The latest primary-listing context is the NYSE, where the finance quote for October 6, 2026 showed a USD 65.4 billion market capitalization and a 52-week range of USD 172.19 to USD 238.50. Simon's business is concentrated in retail real estate, and its portfolio includes shopping, dining, entertainment and mixed-use destinations across North America, Europe and Asia, according to Simon Property Group.
Stock price and investor reference
Simon Property Group was trading at EUR 179.98 at Lang & Schwarz on October 7, 2026 at 2:44 p.m. CEST, plus 0.81 percent versus the prior close of EUR 178.53 on October 6, 2026. The further course of trading is 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 7, 2026, 2:44 p.m. CEST: EUR 179.98
- Change versus prior close: plus 0.81 percent
- Prior close Lang & Schwarz October 6, 2026: EUR 178.53
- Market capitalization: USD 65.4 billion as of October 6, 2026
- 52-week range: USD 172.19-238.50 as of October 6, 2026
- Sector / Industry: Real Estate / REIT - Retail
- Index membership: S&P 100
- Next earnings date: November 5, 2026
