Robeco Institutional Asset Management B.V. lowered its holdings in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,879 shares of the real estate investment trust’s stock after selling 48,948 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Simon Property Group worth $74,207,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Stance Capital LLC bought a new stake in shares of Simon Property Group in the 3rd quarter worth $26,000. Silicon Valley Capital Partners bought a new stake in shares of Simon Property Group in the 2nd quarter worth $30,000. Salomon & Ludwin LLC bought a new stake in shares of Simon Property Group in the 3rd quarter worth $39,000. Atlantic Union Bankshares Corp raised its stake in shares of Simon Property Group by 143.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 123 shares in the last quarter. Finally, City Holding Co. bought a new stake in shares of Simon Property Group in the 3rd quarter worth $40,000. Institutional investors own 93.01% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Tuesday, January 20th. Stifel Nicolaus boosted their target price on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their target price on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Truist Financial boosted their target price on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Finally, UBS Group boosted their target price on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $199.57.
Simon Property Group Stock Performance
Shares of NYSE SPG opened at $200.52 on Monday. The business’s 50-day moving average price is $193.35 and its two-hundred day moving average price is $186.52. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. Simon Property Group, Inc. has a one year low of $142.30 and a one year high of $205.12. The company has a market capitalization of $65.16 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 6.61 and a beta of 1.37.
Simon Property Group (NYSE:SPG – Get Free Report) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $3.68 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.
Simon Property Group announced that its Board of Directors has authorized a share repurchase program on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
Simon Property Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were given a $2.20 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.4%. Simon Property Group’s payout ratio is currently 62.06%.
Simon Property Group Profile
Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.
Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.
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