Banque Cantonale Vaudoise Acquires Shares of 3,270 Simon Property Group, Inc. $SPG

Banque Cantonale Vaudoise acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 3,270 shares of the real estate investment trust’s stock, valued at approximately $610,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SPG. Stance Capital LLC bought a new stake in Simon Property Group in the 3rd quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new position in Simon Property Group during the fourth quarter valued at $29,000. SHP Wealth Management purchased a new position in shares of Simon Property Group during the 4th quarter valued at $34,000. Tompkins Financial Corp bought a new position in shares of Simon Property Group during the 4th quarter worth $42,000. Finally, Cullen Frost Bankers Inc. raised its stake in Simon Property Group by 79.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 111 shares during the period. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SPG. Citigroup lifted their price objective 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. JPMorgan Chase & Co. increased their price target on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Weiss Ratings raised Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. UBS Group set a $220.00 price target on shares of Simon Property Group in a research report on Thursday, June 18th. Finally, Stifel Nicolaus raised their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.71.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $227.13 on Monday. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $73.66 billion, a PE ratio of 15.78, a PEG ratio of 4.10 and a beta of 1.31. Simon Property Group, Inc. has a 1-year low of $158.00 and a 1-year high of $228.58. The business has a fifty day moving average price of $207.23 and a 200-day moving average price of $196.14.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the business earned $2.95 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities analysts expect that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $2.25 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s dividend payout ratio is presently 62.54%.

About Simon Property Group

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.