Oddo BHF Asset Management Sas Acquires 3,399 Shares of Simon Property Group, Inc. $SPG

Oddo BHF Asset Management Sas grew its holdings in Simon Property Group, Inc. (NYSE:SPG) by 31.5% in the fourth quarter, HoldingsChannel reports. The fund owned 14,206 shares of the real estate investment trust’s stock after buying an additional 3,399 shares during the period. Oddo BHF Asset Management Sas’ holdings in Simon Property Group were worth $2,630,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Stance Capital LLC bought a new stake in shares of Simon Property Group in the third quarter valued at about $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of Simon Property Group during the 4th quarter worth approximately $29,000. Tompkins Financial Corp acquired a new position in shares of Simon Property Group during the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. grew its position in shares of Simon Property Group by 79.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 111 shares in the last quarter. Finally, Camelot Portfolios LLC acquired a new position in shares of Simon Property Group during the 4th quarter worth approximately $53,000. Institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

SPG has been the topic of a number of analyst reports. Citigroup increased their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Truist Financial increased their target price on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings lowered shares of Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Evercore set a $208.00 target price on shares of Simon Property Group in a research report on Monday, June 8th. Finally, UBS Group boosted their price target on Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $205.79.

Simon Property Group Stock Down 0.2%

SPG stock opened at $215.30 on Wednesday. The business has a 50-day simple moving average of $204.07 and a 200 day simple moving average of $194.25. The company has a market cap of $69.82 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 3.90 and a beta of 1.31. Simon Property Group, Inc. has a 52 week low of $155.92 and a 52 week high of $220.43. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Sell-side analysts anticipate that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is 62.54%.

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.