Louisiana State Employees Retirement System Takes $3.10 Million Position in Simon Property Group, Inc. $SPG

Louisiana State Employees Retirement System bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,600 shares of the real estate investment trust’s stock, valued at approximately $3,096,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SPG. Stance Capital LLC purchased a new position in Simon Property Group in the third quarter worth about $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Simon Property Group during the 4th quarter valued at about $29,000. SHP Wealth Management purchased a new stake in shares of Simon Property Group during the 4th quarter valued at about $34,000. Tompkins Financial Corp bought a new position in shares of Simon Property Group in the 4th quarter worth approximately $42,000. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of 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 worth $46,000 after purchasing an additional 111 shares during the period. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Up 0.1%

SPG stock opened at $227.13 on Monday. The firm has a fifty day moving average price of $207.23 and a 200 day moving average price of $196.14. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. Simon Property Group, Inc. has a fifty-two week low of $158.00 and a fifty-two week high of $228.58. The firm has a market cap of $73.66 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 4.10 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data 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. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted $2.95 earnings per share. The company’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. Sell-side analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share 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. Investors of record on Tuesday, June 9th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $9.00 annualized dividend and a yield of 4.0%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is 62.54%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup boosted 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. 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 research report on Monday, June 1st. Stifel Nicolaus lifted their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Barclays boosted their price objective on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $209.71.

Simon Property Group 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.