Forsta AP Fonden Lowers Stock Position in Simon Property Group, Inc. $SPG

Forsta AP Fonden lowered its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,300 shares of the real estate investment trust’s stock after selling 3,600 shares during the quarter. Forsta AP Fonden’s holdings in Simon Property Group were worth $13,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stance Capital LLC purchased a new position in Simon Property Group during the third quarter valued at $26,000. Atlantic Union Bankshares Corp lifted its position in 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 valued at $39,000 after buying an additional 123 shares during the period. Tompkins Financial Corp purchased a new position in Simon Property Group during the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. lifted its position 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 buying an additional 111 shares during the period. Finally, Camelot Portfolios LLC purchased a new position in Simon Property Group during the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SPG shares. 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 report on Tuesday, February 3rd. Stifel Nicolaus lifted their price target on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their price target on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Citigroup lifted their price target on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Evercore set a $207.00 price target on Simon Property Group in a research report on Tuesday, May 12th. One equities research 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 MarketBeat, Simon Property Group has a consensus rating of “Hold” and an average price target of $205.07.

Simon Property Group Trading Down 0.2%

Simon Property Group stock opened at $204.52 on Monday. The business has a 50-day simple moving average of $197.87 and a two-hundred day simple moving average of $191.93. The company has a market cap 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. Simon Property Group, Inc. has a 52-week low of $155.44 and a 52-week high of $208.79. 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 (NYSE:SPG) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating 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 return on equity of 104.54% and a net margin of 70.60%.The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid 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 4.4%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is presently 61.15%.

Simon Property Group declared that its Board of Directors has initiated a share buyback plan 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 plans are often an indication that the company’s management 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.