Bayhunt Capital LLC Acquires Shares of 68,682 Simon Property Group, Inc. $SPG

Key Points

• Bayhunt Capital LLC acquired a new stake of 68,682 shares of Simon Property Group (≈$12.71M) in Q4, representing about 7.0% of Bayhunt's portfolio and its 6th-largest holding.
• Simon Property Group authorized a $2.00 billion share repurchase (up to 3.1% of shares) and pays a quarterly dividend of $2.20 ($8.80 annual, ~4.4% yield) with a payout ratio around 62%.
• Analysts have a consensus rating of Hold with a $199.57 average target; the company slightly beat quarterly EPS and reported revenue up 13.2%, while guiding FY2026 EPS to 13.00–13.25.

Bayhunt Capital LLC acquired a new stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 68,682 shares of the real estate investment trust's stock, valued at approximately $12,714,000. Simon Property Group comprises approximately 7.0% of Bayhunt Capital LLC's investment portfolio, making the stock its 6th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stance Capital LLC bought a new stake in Simon Property Group in the third quarter valued at approximately $26,000. Silicon Valley Capital Partners bought a new stake in Simon Property Group in the second quarter valued at approximately $30,000. Atlantic Union Bankshares Corp lifted its position in Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Simon Property Group in the third quarter valued at approximately $39,000. Finally, City Holding Co. bought a new stake in Simon Property Group in the third quarter valued at approximately $40,000. Institutional investors own 93.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SPG shares. Citigroup boosted their price objective on Simon Property Group from $185.00 to $189.00 and gave the company a "neutral" rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a "buy (b)" rating on shares of Simon Property Group in a research report on Wednesday. Truist Financial boosted their price objective on Simon Property Group from $181.00 to $196.00 and gave the company a "hold" rating in a research report on Monday, March 2nd. Piper Sandler reiterated an "overweight" rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Simon Property Group from $198.00 to $210.00 and gave the company a "neutral" rating in a research report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $199.57.

Simon Property Group Stock Performance

Shares of SPG stock opened at $200.52 on Friday. The stock has a fifty day moving average of $193.35 and a 200 day moving average of $186.50. Simon Property Group, Inc. has a 52 week low of $142.30 and a 52 week high of $205.12. The firm has a market capitalization of $65.16 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 6.61 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $3.68 earnings per share. The firm's revenue was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, research analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group announced that its Board of Directors has approved a share repurchase program on Thursday, February 5th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were paid a $2.20 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.4%. Simon Property Group's dividend payout ratio (DPR) is presently 62.06%.

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.

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