Simon Property Group, Inc. $SPG Holdings Lowered by Aew Capital Management L P

Aew Capital Management L P lessened its stake in Simon Property Group, Inc. (NYSE:SPG) by 17.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 438,967 shares of the real estate investment trust’s stock after selling 91,188 shares during the quarter. Simon Property Group makes up about 5.9% of Aew Capital Management L P’s investment portfolio, making the stock its 8th largest position. Aew Capital Management L P’s holdings in Simon Property Group were worth $81,257,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Stance Capital LLC purchased a new stake in shares of Simon Property Group in the third quarter worth about $26,000. Atlantic Union Bankshares Corp lifted its position 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 worth $39,000 after buying an additional 123 shares in the last quarter. Tompkins Financial Corp purchased a new stake in Simon Property Group during the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. raised its stake in Simon Property Group by 79.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 111 shares in the last quarter. Finally, Camelot Portfolios LLC purchased a new stake in Simon Property Group during the fourth quarter valued at $53,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SPG. Stifel Nicolaus upped their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. upped their price objective on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Citigroup upped their price objective on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Truist Financial upped their price objective on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $205.07.

Simon Property Group Trading Up 1.6%

Shares of SPG opened at $204.05 on Thursday. Simon Property Group, Inc. has a twelve month low of $155.44 and a twelve month high of $208.28. The company has a market cap of $66.31 billion, a P/E ratio of 14.18, a P/E/G ratio of 3.63 and a beta of 1.33. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The company’s fifty day simple moving average is $195.60 and its 200-day simple moving average is $190.70.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted $2.95 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $2.25 dividend. The ex-dividend date 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 annualized dividend and a dividend yield of 4.4%. Simon Property Group’s dividend payout ratio (DPR) is currently 61.15%.

Simon Property Group declared that its board has approved a stock buyback program on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Simon Property Group Company 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.