Simon Property Group - Scotiabank lifts price target after recent pullback

Scotiabank has raised its price target on Simon Property Group after the retail REIT’s recent pullback, keeping a Sector Perform rating. A look at the updated analyst stance, the broader consensus, and where the shares currently trade.

Edited by ad hoc news Analyst & Consensus Desk. Verified prior to publication on 06/18/2026, 19:15 UTC. Details in the imprint.

Simon Property Group (US8288061091) is back on analyst screens after Scotiabank raised its price target. The Canadian bank lifted its target to $220 from $206 while reiterating a Sector Perform rating on the retail REIT, according to a Scotiabank update summarized by MarketScreener.

Scotiabank’s new target and rationale

In its latest note, Scotiabank lifted its price target on Simon Property Group to $220 from $206 and kept a Sector Perform rating, signaling a neutral stance at a slightly higher valuation level.

The update follows a period in which Simon shares have been volatile, with MarketBeat data showing a last close around $209.96 on 06/17/2026 and extended-hours indications above $215 early today.

How consensus on the stock looks

According to MarketBeat, Simon Property Group currently carries a Moderate Buy consensus rating, based on a mix of Buy and Hold recommendations from covering analysts.

The same overview lists an average analyst price target of about $214.55, placing Scotiabank’s new $220 target modestly above the current consensus but still close to the cluster of recent estimates.

How Simon Property Group earns its money

Simon Property Group generates most of its revenue from owning, developing and managing shopping, dining, entertainment and mixed-use destinations, including regional malls, Premium Outlets and Mills-branded outlet centers in the United States and internationally.

Where the stock trades today

Simon Property Group shares (US8288061091) most recently closed on the New York Stock Exchange at $209.96 on 06/17/2026, with pre-market and early extended indications near $215.16 on 06/18/2026 USD time-stamped data from MarketBeat.

Key facts on Simon Property Group stock

• Company: Simon Property Group, Inc.
• ISIN: US8288061091
• Ticker: SPG
• Venue: NYSE
• Price (as of 06/18/2026, 04:39 AM Eastern): 215.16 USD
• Market cap: 70,000,000,000 USD (approximate, based on recent trading range and shares outstanding as referenced by MarketBeat on 06/18/2026)
• Sector / Industry: Real Estate / Retail REITs
• Index membership: S&P 500
• Next earnings date: not officially scheduled

This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.