KBC Group NV Sells 31,246 Shares of Simon Property Group, Inc. $SPG

KBC Group NV lessened its holdings in Simon Property Group, Inc. (NYSE:SPG) by 3.3% during the fourth quarter, HoldingsChannel reports. The fund owned 902,219 shares of the real estate investment trust’s stock after selling 31,246 shares during the quarter. KBC Group NV’s holdings in Simon Property Group were worth $167,010,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SPG. Stance Capital LLC purchased a new stake in shares of Simon Property Group in the third quarter worth approximately $26,000. Salomon & Ludwin LLC bought a new stake in shares of Simon Property Group in the 3rd quarter worth $39,000. Atlantic Union Bankshares Corp lifted its position in shares of Simon Property Group by 143.0% during the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. City Holding Co. purchased a new position in Simon Property Group during the third quarter worth about $40,000. Finally, Tompkins Financial Corp bought a new stake in Simon Property Group in the 4th quarter worth about $42,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Down 0.6%

SPG opened at $201.73 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. The stock has a market cap of $65.55 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 6.69 and a beta of 1.37. Simon Property Group, Inc. has a twelve month low of $145.84 and a twelve month high of $205.12. The company’s 50-day moving average price is $193.92 and its two-hundred day moving average price is $186.87.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.02. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. Simon Property Group’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, equities analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were given a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group declared that its board has authorized a stock repurchase program on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Piper Sandler reissued an “overweight” rating and set a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Stifel Nicolaus increased their price target on Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Tuesday, February 3rd. Evercore lifted their price target on Simon Property Group from $188.00 to $198.00 and gave the stock an “in-line” rating in a report on Tuesday, February 3rd. Truist Financial boosted their price objective 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, Barclays upped their price objective on Simon Property Group from $193.00 to $201.00 and gave the company an “equal weight” rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and an average price target of $200.14.

About Simon Property Group

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.