Simon Property Group, Inc. $SPG Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in Simon Property Group, Inc. (NYSE:SPG) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,698 shares of the real estate investment trust’s stock after acquiring an additional 3,716 shares during the period. Handelsbanken Fonder AB’s holdings in Simon Property Group were worth $28,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new stake in Simon Property Group during the 3rd quarter worth about $26,000. Atlantic Union Bankshares Corp grew its position in Simon Property Group by 143.0% during the 3rd 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. Tompkins Financial Corp acquired a new stake in Simon Property Group during the 4th quarter worth about $42,000. Camelot Portfolios LLC acquired a new stake in Simon Property Group during the 4th quarter worth about $53,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Simon Property Group during the 4th quarter valued at about $58,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Up 0.2%

Shares of NYSE SPG opened at $200.84 on Wednesday. The company has a 50 day simple moving average of $195.38 and a 200-day simple moving average of $190.48. The company has a market capitalization of $65.26 billion, a P/E ratio of 13.96, a P/E/G ratio of 3.62 and a beta of 1.33. 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, Inc. has a 1 year low of $155.44 and a 1 year high of $208.28.

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

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

Simon Property Group Increases Dividend

The company 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 dividend of $2.25 per share. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.5%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is 61.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SPG shares. Truist Financial raised their target price 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. Stifel Nicolaus raised 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. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Citigroup raised their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Evercore set a $207.00 target price on shares of Simon Property Group in a research note on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $205.07.

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.