Independent Advisor Alliance raised its holdings in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,642 shares of the real estate investment trust’s stock after purchasing an additional 3,326 shares during the period. Independent Advisor Alliance’s holdings in Simon Property Group were worth $14,002,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in shares of Simon Property Group during the fourth quarter worth about $295,000. Marshall Wace LLP grew its position in shares of Simon Property Group by 316.2% during the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after acquiring an additional 15,033 shares during the last quarter. Jump Financial LLC grew its position in shares of Simon Property Group by 80.1% during the second quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock worth $2,714,000 after acquiring an additional 7,506 shares during the last quarter. Cerity Partners LLC grew its position in shares of Simon Property Group by 1.7% during the second quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock worth $5,745,000 after acquiring an additional 598 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Simon Property Group by 13.4% during the second quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock worth $4,573,000 after acquiring an additional 3,372 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.
Simon Property Group News Summary
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
Simon Property Group Stock Performance
Simon Property Group (NYSE:SPG – Get Free Report) last posted its quarterly earnings data 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 118.05%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $2.95 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts anticipate that Simon Property Group, Inc. will post 13.19 earnings per share for the current fiscal year.
Simon Property Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.4%. 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 payout ratio is currently 62.06%.
Simon Property Group announced that its board has initiated a share repurchase 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 repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Piper Sandler restated an “overweight” rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Stifel Nicolaus upped their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research report on Friday, January 16th. Barclays upped their price target on shares of Simon Property Group from $193.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Monday, April 13th. Finally, Scotiabank upped their price target on shares of 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. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $201.43.
Check Out Our Latest Report on Simon Property Group
Simon Property Group Company 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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