Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,789 Shares of Simon Property Group, Inc. $SPG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Simon Property Group, Inc. (NYSE:SPG) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,904 shares of the real estate investment trust’s stock after selling 2,789 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.06% of Simon Property Group worth $33,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SPG. Stance Capital LLC acquired a new position in Simon Property Group in the third quarter valued at $26,000. Atlantic Union Bankshares Corp lifted its holdings in 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 valued at $39,000 after buying an additional 123 shares during the period. Tompkins Financial Corp acquired a new position in Simon Property Group in the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. lifted its holdings in Simon Property Group by 79.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 111 shares during the period. Finally, Camelot Portfolios LLC acquired a new position in Simon Property Group in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SPG. Stifel Nicolaus boosted their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Barclays boosted their target price on shares of Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Evercore set a $207.00 target price on shares of Simon Property Group in a report on Tuesday, May 12th. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $205.07.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $204.52 on Monday. The firm’s 50-day moving average price is $197.87 and its 200-day moving average price is $191.93. Simon Property Group, Inc. has a 1-year low of $155.44 and a 1-year high of $208.79. The firm has a market capitalization of $66.32 billion, a P/E ratio of 14.21, a P/E/G ratio of 3.71 and a beta of 1.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the business earned $2.95 earnings per share. The business’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. Equities research analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Simon Property Group Increases Dividend

The business also recently disclosed 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. This is an increase 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%. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is currently 61.15%.

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.