Metis Global Partners LLC raised its holdings in Simon Property Group, Inc. (NYSE:SPG – Free Report) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 90,645 shares of the real estate investment trust’s stock after buying an additional 4,000 shares during the period. Metis Global Partners LLC’s holdings in Simon Property Group were worth $16,779,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of SPG. CYBER HORNET ETFs LLC boosted its holdings in shares of Simon Property Group by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 55 shares in the last quarter. Embree Financial Group boosted its holdings in shares of Simon Property Group by 2.4% in the fourth quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock valued at $447,000 after acquiring an additional 56 shares in the last quarter. O ROURKE & COMPANY Inc boosted its holdings in shares of Simon Property Group by 2.8% in the fourth quarter. O ROURKE & COMPANY Inc now owns 2,124 shares of the real estate investment trust’s stock valued at $393,000 after acquiring an additional 57 shares in the last quarter. Washington Trust Bank boosted its holdings in shares of Simon Property Group by 3.5% in the fourth quarter. Washington Trust Bank now owns 1,776 shares of the real estate investment trust’s stock valued at $329,000 after acquiring an additional 60 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in shares of Simon Property Group by 2.6% in the fourth quarter. Manchester Capital Management LLC now owns 2,412 shares of the real estate investment trust’s stock valued at $446,000 after acquiring an additional 61 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
SPG has been the topic of several analyst reports. Citigroup lifted their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Truist Financial lifted their target price on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. lifted their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Weiss Ratings downgraded shares of Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, June 1st. Finally, Evercore set a $208.00 target price on shares of Simon Property Group in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $205.79.
Simon Property Group Stock Up 0.7%
SPG stock opened at $213.35 on Thursday. The company has a market cap of $69.19 billion, a P/E ratio of 14.83, a P/E/G ratio of 3.83 and a beta of 1.31. Simon Property Group, Inc. has a 52 week low of $155.44 and a 52 week high of $214.63. The company’s 50-day moving average price is $201.83 and its 200 day moving average price is $193.35. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.
Simon Property Group (NYSE:SPG – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $1.76 billion for 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 firm’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous 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, research analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.
Simon Property Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a dividend of $2.25 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s payout ratio is presently 62.54%.
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.
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