New Age Alpha Advisors LLC Sells 23,691 Shares of Simon Property Group, Inc. $SPG

Posted by Brian Himes on May 25th, 2026

New Age Alpha Advisors LLC lessened its stake in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) by 25.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 69,460 shares of the real estate investment trust’s stock after selling 23,691 shares during the period. Simon Property Group accounts for about 0.6% of New Age Alpha Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. New Age Alpha Advisors LLC’s holdings in Simon Property Group were worth $12,858,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Simon Property Group by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock valued at $8,694,610,000 after buying an additional 286,464 shares during the period. State Street Corp increased its holdings in Simon Property Group by 1.5% during the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock valued at $4,084,730,000 after buying an additional 312,995 shares during the period. Capital World Investors increased its holdings in Simon Property Group by 45.0% during the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock valued at $1,573,450,000 after buying an additional 2,600,508 shares during the period. Wellington Management Group LLP increased its holdings in Simon Property Group by 634.5% during the third quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock valued at $1,383,145,000 after buying an additional 6,366,711 shares during the period. Finally, Northern Trust Corp increased its holdings in Simon Property Group by 1.6% during the third quarter. Northern Trust Corp now owns 5,344,170 shares of the real estate investment trust’s stock valued at $1,002,940,000 after buying an additional 82,550 shares during the period. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

NYSE SPG opened at $204.50 on Monday. The firm’s fifty day simple moving average is $196.17 and its two-hundred day simple moving average is $191.10. 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, Inc. has a 12-month low of $155.44 and a 12-month high of $208.28. The firm has a market capitalization of $66.45 billion, a P/E ratio of 14.21, a P/E/G ratio of 3.70 and a beta of 1.33.

Simon Property Group (NYSE:SPG – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company earned $2.95 earnings per share. 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. Analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group declared that its board has initiated a stock buyback program on Thursday, February 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $2.25 dividend. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s dividend payout ratio is presently 61.15%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Stifel Nicolaus lifted their price objective on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their price objective on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, February 6th. UBS Group lifted their price objective on shares of Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, Scotiabank lifted their price objective on shares of Simon Property Group from $192.00 to $206.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus price target of $205.07.

Check Out Our Latest Report on Simon Property Group

About Simon Property Group

(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.