Burney Co. Sells 11,231 Shares of Simon Property Group, Inc. $SPG

Key Points

• Burney Co. cut its stake in Simon Property Group by 31.1% in Q4, selling 11,231 shares and leaving 24,894 shares valued at about $4.61 million.
• Simon posted a quarterly EPS beat ($3.49 vs $3.47) and stronger revenue, set FY2026 guidance of 13.00–13.25 EPS, pays a $2.20 quarterly dividend (4.4% yield) and authorized a $2.0 billion share buyback (≈3.1% of shares).
• Analysts hold a consensus "Hold" rating with a $199.57 average price target (five Buys, ten Holds), though some firms have raised targets up to $230.00.

Burney Co. reduced its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 31.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,894 shares of the real estate investment trust's stock after selling 11,231 shares during the period. Burney Co.'s holdings in Simon Property Group were worth $4,608,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Stance Capital LLC bought a new position in shares of Simon Property Group during the third quarter valued at about $26,000. Silicon Valley Capital Partners bought a new position in shares of Simon Property Group during the second quarter valued at about $30,000. Atlantic Union Bankshares Corp lifted its position in shares of 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 purchasing an additional 123 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of Simon Property Group during the third quarter valued at about $39,000. Finally, City Holding Co. bought a new position in shares of Simon Property Group during the third quarter valued at about $40,000. 93.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the company a "neutral" rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. raised their price target on shares of Simon Property Group from $198.00 to $210.00 and gave the company a "neutral" rating in a research report on Friday, February 6th. Mizuho set a $192.00 price target on shares of Simon Property Group in a research report on Friday, January 9th. Scotiabank raised their price target on shares of Simon Property Group from $189.00 to $192.00 and gave the company a "sector perform" rating in a research report on Tuesday, March 24th. Finally, Piper Sandler restated an "overweight" rating and set a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $199.57.

Simon Property Group Price Performance

SPG opened at $200.52 on Monday. The company 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. The firm has a 50-day moving average price of $193.35 and a 200-day moving average price of $186.52. Simon Property Group, Inc. has a twelve month low of $142.30 and a twelve month high of $205.12.

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

Simon Property Group Dividend Announcement

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

Simon Property Group declared that its board has authorized a stock 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

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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