Sigma Planning Corp Buys 4,011 Shares of Simon Property Group, Inc. $SPG

Sigma Planning Corp grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 48.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,262 shares of the real estate investment trust’s stock after purchasing an additional 4,011 shares during the quarter. Sigma Planning Corp’s holdings in Simon Property Group were worth $2,270,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SPG. Wellington Management Group LLP grew its holdings in shares of Simon Property Group by 634.5% in the 3rd 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 acquiring an additional 6,366,711 shares in the last quarter. Capital World Investors grew its holdings in shares of Simon Property Group by 45.0% in the 3rd 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 acquiring an additional 2,600,508 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Simon Property Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after acquiring an additional 844,190 shares in the last quarter. Barclays PLC grew its holdings in shares of Simon Property Group by 78.9% in the 3rd quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock valued at $207,158,000 after acquiring an additional 486,967 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Simon Property Group by 93.2% in the 3rd quarter. AQR Capital Management LLC now owns 680,102 shares of the real estate investment trust’s stock valued at $126,336,000 after acquiring an additional 328,116 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Down 0.6%

Shares of SPG stock opened at $202.57 on Friday. The firm has a 50 day moving average price of $195.18 and a two-hundred day moving average price of $188.53. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. The company has a market capitalization of $65.82 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 6.66 and a beta of 1.33. Simon Property Group, Inc. has a 12-month low of $155.44 and a 12-month high of $208.28.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.02. The firm had revenue of $1.79 billion during 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 business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, analysts predict that Simon Property Group, Inc. will post 13.19 earnings per share for the current year.

Simon Property Group announced that its board has authorized a share repurchase plan on Thursday, February 5th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were given a dividend of $2.20 per share. The ex-dividend date was Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.3%. Simon Property Group’s dividend payout ratio (DPR) is 62.06%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPG. Piper Sandler reiterated an “overweight” rating and issued a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Morgan Stanley set a $205.00 target price on shares of Simon Property Group in a research note on Friday, January 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research note on Wednesday, April 8th. Truist Financial raised their target price on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. Finally, UBS Group raised their target price on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research note 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $200.14.

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.