Allspring Global Investments Holdings LLC Lowers Stock Holdings in Simon Property Group, Inc. $SPG

Allspring Global Investments Holdings LLC lessened its stake in Simon Property Group, Inc. (NYSE:SPG) by 25.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,578 shares of the real estate investment trust’s stock after selling 33,030 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Simon Property Group were worth $17,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stance Capital LLC purchased a new position in shares of Simon Property Group in the 3rd quarter valued at approximately $26,000. Silicon Valley Capital Partners purchased a new stake in shares of Simon Property Group during the second quarter worth approximately $30,000. Atlantic Union Bankshares Corp lifted its holdings in shares of Simon Property Group by 143.0% during the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 123 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of Simon Property Group during the third quarter worth $39,000. Finally, City Holding Co. purchased a new position in Simon Property Group in the 3rd quarter valued at $40,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Trading Up 0.0%

NYSE:SPG opened at $188.71 on Friday. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $205.12. 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 stock has a fifty day simple moving average of $192.55 and a 200-day simple moving average of $186.03. The company has a market capitalization of $61.32 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 6.22 and a beta of 1.37.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $3.68 EPS. The firm’s revenue was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, equities research analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

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

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were given a $2.20 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.7%. Simon Property Group’s dividend payout ratio is currently 62.06%.

Analyst Ratings Changes

Several equities analysts have issued reports on SPG shares. Piper Sandler reissued an “overweight” rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Mizuho set a $192.00 price target on shares of Simon Property Group in a report on Friday, January 9th. JPMorgan Chase & Co. raised their price objective on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Tuesday, January 20th. Finally, Morgan Stanley set a $205.00 target price on Simon Property Group in a research note on Friday, January 16th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus target price of $199.57.

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.