NewEdge Wealth LLC increased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) by 40.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,266 shares of the real estate investment trust’s stock after purchasing an additional 3,230 shares during the period. NewEdge Wealth LLC’s holdings in Simon Property Group were worth $2,085,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in SPG. American Assets Investment Management LLC bought a new stake in Simon Property Group in the 4th quarter valued at $1,388,000. Crossmark Global Holdings Inc. boosted its holdings in Simon Property Group by 13.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 29,393 shares of the real estate investment trust’s stock valued at $5,441,000 after purchasing an additional 3,585 shares during the period. Ballentine Partners LLC boosted its holdings in Simon Property Group by 6.3% in the 4th quarter. Ballentine Partners LLC now owns 4,815 shares of the real estate investment trust’s stock valued at $891,000 after purchasing an additional 284 shares during the period. Wesbanco Bank Inc. boosted its holdings in Simon Property Group by 16.1% in the 4th quarter. Wesbanco Bank Inc. now owns 2,411 shares of the real estate investment trust’s stock valued at $446,000 after purchasing an additional 335 shares during the period. Finally, Diversify Wealth Management LLC boosted its holdings in Simon Property Group by 3.7% in the 4th quarter. Diversify Wealth Management LLC now owns 3,332 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.
Simon Property Group Trading Up 2.2%
Shares of SPG stock opened at $205.52 on Wednesday. Simon Property Group, Inc. has a 52-week low of $155.44 and a 52-week high of $208.28. The stock has a market cap of $66.78 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 6.61 and a beta of 1.33. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a fifty day moving average of $195.37 and a 200-day moving average of $189.66.
Simon Property Group declared that its Board of Directors has initiated a share buyback 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 purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Simon Property Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 9th. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is currently 62.06%.
Key Headlines Impacting Simon Property Group
Here are the key news stories impacting Simon Property Group this week:
- Positive Sentiment: Simon Property Group beat Q1 expectations on FFO and revenue, with occupancy holding at 96%, signaling solid demand for its premier mall portfolio. Simon Property (SPG) Q1 FFO and Revenues Top Estimates
- Positive Sentiment: The company raised its 2026 FFO guidance and increased its quarterly dividend by 2.3%, both of which are supportive for investor sentiment and income-focused holders. Simon Reports First Quarter 2026 Results, Increases Full Year 2026 Real Estate FFO Per Share Guidance and Raises Quarterly Dividend
- Positive Sentiment: Management said retailers are renewing leases earlier, suggesting healthy tenant demand and reinforcing the durability of Simon’s shopping center portfolio. Simon Property Group Sees Retailers Racing to Renew Leases
- Positive Sentiment: Goldman Sachs reiterated a Buy rating, and Stifel also lifted its price target, highlighting continued analyst optimism after the earnings update. Analyst Reiterates Buy on Simon Property Group Amid Raised FFO Guidance and Resilient Operating Performance
- Neutral Sentiment: Several commentaries argued that Simon Property remains a relatively safe place to invest in uncertain economic conditions, mainly due to its prime locations and diversified portfolio. Simon Property Group: The Place To Be When The Going Gets Tough
- Negative Sentiment: Stifel’s new $194 price target is below the current trading level, and its Hold rating suggests some upside may already be priced in after the recent run-up. Simon Property Group price target raised by Stifel Nicolaus
Analyst Ratings Changes
A number of analysts have weighed in on SPG shares. Barclays increased their price target on shares of Simon Property Group from $193.00 to $201.00 and gave the company an “equal weight” rating in a report on Monday, April 13th. Scotiabank raised their price objective on Simon Property Group from $189.00 to $192.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 24th. Weiss Ratings upgraded Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 4th. Evercore set a $207.00 price objective on Simon Property Group in a research report on Tuesday. Finally, Stifel Nicolaus raised their price objective on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Simon Property Group has an average rating of “Hold” and a consensus target price of $201.43.
Check Out Our Latest Stock Analysis on SPG
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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