Simon Property Group, Inc. $SPG Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its holdings in Simon Property Group, Inc. (NYSE:SPG) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,620,162 shares of the real estate investment trust’s stock after selling 383,360 shares during the quarter. Deutsche Bank AG owned about 0.80% of Simon Property Group worth $485,018,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Stance Capital LLC acquired a new position in Simon Property Group in the third quarter valued at $26,000. Tompkins Financial Corp acquired a new position in Simon Property Group in the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. increased its stake 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 purchasing an additional 111 shares during the period. Camelot Portfolios LLC acquired a new position in Simon Property Group in the fourth quarter valued at $53,000. Finally, Aventura Private Wealth LLC acquired a new position in Simon Property Group in the fourth quarter valued at $58,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on SPG. Barclays lifted their price objective on shares of Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Truist Financial lifted their price objective on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Evercore set a $208.00 target price on shares of Simon Property Group in a report on Monday. Finally, Stifel Nicolaus lifted 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. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $205.79.

Simon Property Group Stock Up 0.7%

Shares of NYSE:SPG opened at $213.35 on Thursday. The company has a market cap of $69.19 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 3.83 and a beta of 1.31. The firm’s 50-day simple moving average is $201.83 and its 200-day simple moving average is $193.35. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a fifty-two week low of $155.44 and a fifty-two week high of $214.63.

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 for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion for 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 quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s payout ratio is presently 62.54%.

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.