Corient Private Wealth LLC Has $15.75 Million Position in Simon Property Group, Inc. $SPG

Corient Private Wealth LLC grew its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 9.8% during the fourth quarter, Holdings Channel reports. The firm owned 84,725 shares of the real estate investment trust’s stock after purchasing an additional 7,562 shares during the period. Corient Private Wealth LLC’s holdings in Simon Property Group were worth $15,746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Stance Capital LLC acquired a new stake in shares of Simon Property Group in the third quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new position in Simon Property Group in the 4th quarter valued at approximately $29,000. SHP Wealth Management bought a new position in Simon Property Group in the fourth quarter worth $34,000. Tompkins Financial Corp bought a new position in shares of Simon Property Group during the 4th quarter worth about $42,000. Finally, Cullen Frost Bankers Inc. boosted its holdings 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 purchasing an additional 111 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPG. Evercore set a $208.00 target price on shares of Simon Property Group in a report on Monday, June 8th. Scotiabank lifted their price objective on Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Citigroup upped their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Barclays increased their price target on shares of Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Finally, Truist Financial lifted their target price on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $209.64.

Simon Property Group Stock Performance

Shares of SPG stock opened at $216.86 on Wednesday. The company’s fifty day simple moving average is $205.87 and its 200-day simple moving average is $195.25. Simon Property Group, Inc. has a 12 month low of $157.05 and a 12 month high of $220.43. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a market cap of $70.33 billion, a PE ratio of 15.07, a P/E/G ratio of 3.88 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last released its 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 for 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%.Simon Property Group’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities research analysts expect that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 4.2%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) 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.