SMART Wealth LLC bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,367 shares of the real estate investment trust’s stock, valued at approximately $442,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new stake in shares of Simon Property Group in the third quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new position in Simon Property Group in the 4th quarter valued at $29,000. SHP Wealth Management acquired a new position in Simon Property Group in the 4th quarter valued at $34,000. Tompkins Financial Corp bought a new position in Simon Property Group in the 4th quarter worth $42,000. Finally, Cullen Frost Bankers Inc. raised its holdings in Simon Property Group by 79.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on SPG shares. Bank of America upped their price target on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley lifted their price objective on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price objective on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. Finally, UBS Group set a $220.00 target price on Simon Property Group in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Simon Property Group currently has a consensus rating of “Moderate Buy” and an average target price of $211.47.
Simon Property Group Stock Performance
NYSE:SPG opened at $223.85 on Wednesday. The firm’s 50-day moving average is $208.10 and its 200-day moving average is $196.77. The company has a market cap of $72.59 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 4.11 and a beta of 1.31. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. Simon Property Group, Inc. has a 52-week low of $159.33 and a 52-week high of $228.57.
Simon Property Group (NYSE:SPG – Get Free Report) last released 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. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company earned $2.95 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities research analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.
Simon Property Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a $2.25 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is 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.
Featured Articles
- Five stocks we like better than Simon Property Group
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Want to see what other hedge funds are holding SPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simon Property Group, Inc. (NYSE:SPG – Free Report).
Receive News & Ratings for Simon Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group and related companies with MarketBeat.com's FREE daily email newsletter.
