Simon Property Group, Inc. $SPG Shares Purchased by Thrivent Financial for Lutherans

Posted by Brenda Bartman on May 19th, 2026

Thrivent Financial for Lutherans increased its position in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,413 shares of the real estate investment trust’s stock after purchasing an additional 3,422 shares during the period. Thrivent Financial for Lutherans’ holdings in Simon Property Group were worth $18,032,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Stance Capital LLC purchased a new stake in Simon Property Group in the 3rd quarter valued at about $26,000. 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 valued at $39,000 after acquiring an additional 123 shares during the period. Tompkins Financial Corp purchased a new position in shares of Simon Property Group during the 4th quarter worth approximately $42,000. Camelot Portfolios LLC acquired a new position in Simon Property Group during the fourth quarter worth $53,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Simon Property Group in the 4th quarter valued at $58,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $200.14 on Tuesday. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. Simon Property Group, Inc. has a 1-year low of $155.44 and a 1-year high of $208.28. The company has a market capitalization of $65.04 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 3.62 and a beta of 1.33. The business has a 50-day moving average of $195.25 and a 200-day moving average of $190.29.

Simon Property Group (NYSE:SPG – Get Free Report) last announced its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group declared that its Board of Directors has initiated a stock repurchase plan 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 buy up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s dividend payout ratio is currently 61.15%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPG. Truist Financial lifted their target price on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Evercore set a $207.00 target price on shares of Simon Property Group in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft raised shares of 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. JPMorgan Chase & Co. lifted their price target on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Finally, Citigroup boosted their target price on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $203.29.

View Our Latest Report on SPG

Simon Property Group Profile

(Free Report)

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.