Simon Property Group, Inc. (NYSE:SPG) Plans Quarterly Dividend of $2.25

Simon Property Group, Inc. (NYSE:SPG) declared a quarterly dividend on Monday, May 11th. Shareholders of record on Tuesday, June 9th will be given a dividend of 2.25 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, June 9th. This is a 2.3% increase from Simon Property Group’s previous quarterly dividend of $2.20.

Simon Property Group has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Simon Property Group has a payout ratio of 128.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Simon Property Group to earn $13.61 per share next year, which means the company should continue to be able to cover its $8.80 annual dividend with an expected future payout ratio of 64.7%.

Simon Property Group Price Performance

Shares of Simon Property Group stock opened at $201.04 on Tuesday. The stock has a market capitalization of $65.33 billion, a P/E ratio of 14.18, a PEG ratio of 6.65 and a beta of 1.33. The business has a 50 day simple moving average of $195.34 and a two-hundred day simple moving average of $189.48. Simon Property Group has a 12 month low of $155.44 and a 12 month high of $208.28. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $1.71. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. Simon Property Group’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, analysts predict that Simon Property Group will post 13.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Simon Property Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Stance Capital LLC acquired a new stake in shares of Simon Property Group in the 3rd quarter valued at about $26,000. Wilkerson Advisory Group LLC purchased a new stake in Simon Property Group in the fourth quarter valued at approximately $29,000. SHP Wealth Management purchased a new stake in Simon Property Group in the fourth quarter valued at approximately $34,000. Atlantic Union Bankshares Corp boosted its holdings in shares of Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 123 shares during the period. Finally, Tompkins Financial Corp purchased a new position in shares of Simon Property Group during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

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.