Piper Sandler cuts target to USD 254 for Simon Property Group stock
Published on 10/14/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and company dates
- Piper Sandler lowered its target from USD 285.00 to USD 254.00 on October 12, 2026.
- Simon Property Group reported USD 1.79 billion in revenue and 19.50 percent growth for the second quarter of 2026.
- Simon Property Group stock traded at EUR 179.68 at 10:36 a.m. CEST at Lang & Schwarz on October 14, 2026.
- The company scheduled its third-quarter 2026 earnings release for November 5, 2026.
Piper Sandler cut its Simon Property Group target to USD 254.00 from USD 285.00 on October 12, 2026, while maintaining an Overweight rating, according to Markets Insider. Simon Property Group stock was trading at EUR 179.68 at Lang & Schwarz on October 14, 2026 at 10:36 a.m. CEST.
What does the target cut change?
The revised USD 254.00 target is 10.88 percent below the former USD 285.00 target, calculated from the two Piper Sandler figures. The change came alongside a reported 75-basis-point increase in refinancing assumptions, which gives the analyst action a clear interest-rate sensitivity, according to Markets Insider.
Recent results carry mixed signals
For the second quarter of 2026, Simon Property Group reported revenue of USD 1.79 billion, up 19.50 percent from the same quarter a year earlier, while net income fell 13.10 percent to USD 483.00 million and diluted earnings per share came to USD 1.49, according to GreekSoup. The revenue increase and lower net income point to a more complex operating picture than the top-line growth alone suggests.
Three company events since August
On August 10, 2026, the company filed its second-quarter report with USD 1.79 billion in revenue and USD 1.49 diluted earnings per share, according to StockTitan. On September 9, 2026, Simon announced USD 800.00 million of senior notes, according to Simon Property Group.
On October 6, 2026, Simon set November 5, 2026, for its third-quarter earnings release and conference call, according to Simon Property Group. The chronology moves from operating results to financing and then to the next reporting milestone.
Upcoming dates for shareholders
The next substantiated company date is November 5, 2026, when Simon plans to release third-quarter results and hold its earnings call, according to Simon Property Group. The investor-relations page identifies the company as Simon Property Group, NYSE: SPG, and describes its portfolio of shopping, dining, entertainment and mixed-use destinations.
EUR 179.68 in morning trading
Simon Property Group was trading at EUR 179.68 at Lang & Schwarz on October 14, 2026 at 10:36 a.m. CEST. The finance quote for the primary listing showed a market capitalization of USD 65.1 billion and a 52-week range of USD 172.19 to USD 238.50 as of October 13, 2026. The further course of trading is shown by the continuously updated real-time quote of Simon Property Group stock.
Simon Property Group market facts
- Company: Simon Property Group, Inc.
- ISIN: US8288061091
- Ticker: SPG
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 14, 2026, 10:36 a.m. CEST): EUR 179.68
- Market capitalization: USD 65.1 billion (as of October 13, 2026)
- 52-week range: USD 172.19-USD 238.50 (as of October 13, 2026)
- Sector / Industry: Real Estate / REIT - Retail
- Index membership: S&P 100
Market context: Market report S&P 500.
