Pictet Asset Management Holding SA Grows Stock Holdings in Simon Property Group, Inc. $SPG

Pictet Asset Management Holding SA lifted its stake in Simon Property Group, Inc. (NYSE:SPG) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 155,923 shares of the real estate investment trust’s stock after purchasing an additional 4,691 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Simon Property Group were worth $28,864,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advisors Capital Management LLC increased its position in Simon Property Group by 1.2% during the 4th quarter. Advisors Capital Management LLC now owns 55,798 shares of the real estate investment trust’s stock valued at $10,329,000 after buying an additional 662 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Simon Property Group by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock worth $8,694,610,000 after acquiring an additional 286,464 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Simon Property Group by 3.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 33,478 shares of the real estate investment trust’s stock worth $6,197,000 after acquiring an additional 1,238 shares in the last quarter. Calamos Wealth Management LLC purchased a new stake in shares of Simon Property Group in the fourth quarter worth $262,000. Finally, Hoey Investments Inc. grew its stake in shares of Simon Property Group by 53.3% in the fourth quarter. Hoey Investments Inc. now owns 575 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

Shares of NYSE SPG opened at $203.78 on Friday. 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 $66.22 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 6.58 and a beta of 1.37. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 4.42. The firm has a 50 day moving average of $195.18 and a 200 day moving average of $188.45.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.02. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, research analysts anticipate that Simon Property Group, Inc. will post 13.19 earnings per share for the current year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were issued a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group announced that its board has initiated a stock buyback plan on Thursday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

SPG has been the subject of several recent analyst reports. Morgan Stanley set a $205.00 price target on Simon Property Group in a research report on Friday, January 16th. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Tuesday, February 3rd. Mizuho set a $192.00 price objective on shares of Simon Property Group in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Tuesday, January 20th. Finally, UBS Group increased their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. 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 price target of $200.14.

Simon Property Group 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.