Hsbc Holdings PLC Purchases 26,535 Shares of Simon Property Group, Inc. $SPG

Hsbc Holdings PLC boosted its position in Simon Property Group, Inc. (NYSE:SPG) by 2.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,244,627 shares of the real estate investment trust’s stock after purchasing an additional 26,535 shares during the quarter. Hsbc Holdings PLC’s holdings in Simon Property Group were worth $230,471,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Clark Capital Management Group Inc. increased its stake in Simon Property Group by 1.7% in the 3rd quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock valued at $46,361,000 after buying an additional 4,177 shares during the last quarter. Aew Capital Management L P lifted its position in Simon Property Group by 90.9% during the 3rd quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock worth $99,494,000 after buying an additional 252,510 shares in the last quarter. Union Bancaire Privee UBP SA boosted its stake in shares of Simon Property Group by 22.6% during the 4th quarter. Union Bancaire Privee UBP SA now owns 39,366 shares of the real estate investment trust’s stock worth $7,287,000 after buying an additional 7,266 shares during the last quarter. Danske Bank A S boosted its stake in shares of Simon Property Group by 11.1% during the 4th quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock worth $35,901,000 after buying an additional 19,300 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Simon Property Group during the 3rd quarter worth about $1,768,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Up 0.1%

Simon Property Group stock opened at $211.46 on Friday. The firm has a market capitalization of $68.57 billion, a PE ratio of 14.69, a P/E/G ratio of 3.82 and a beta of 1.31. The company’s 50-day moving average is $205.23 and its 200-day moving average is $194.71. Simon Property Group, Inc. has a fifty-two week low of $155.92 and a fifty-two week high of $220.43. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm earned $2.95 EPS. Simon Property Group’s quarterly revenue was up 19.3% compared to the same quarter last year. 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 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a $2.25 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.3%. Simon Property Group’s payout ratio is 62.54%.

Analysts Set New Price Targets

SPG has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Stifel Nicolaus increased their price target on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Morgan Stanley raised their price target on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. UBS Group set a $220.00 price target on Simon Property Group in a research report on Thursday. Finally, Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Simon Property Group currently has an average rating of “Hold” and a consensus price target of $208.29.

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.