Danske Bank A S Increases Stock Holdings in Simon Property Group, Inc. $SPG

Key Points

• Danske Bank A/S increased its stake in Simon Property Group by 11.1% in Q4 to 193,946 shares (about 0.06% of the company) valued at $35.9 million.
• Simon Property Group beat quarterly EPS and revenue (EPS $3.49 vs. $3.47 expected; revenue $1.79B), set FY2026 guidance of 13.00–13.25 EPS, authorized a $2.0 billion share buyback (~3.1% of shares) and pays a quarterly dividend of $2.20 (annual yield ~4.3%).
• Analysts have an average rating of “Hold” with a consensus target price of $200.14 (five Buys, ten Holds), while the stock trades near $202.57 with a market cap of about $65.8 billion.

Danske Bank A S boosted its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,946 shares of the real estate investment trust's stock after purchasing an additional 19,300 shares during the period. Danske Bank A S owned approximately 0.06% of Simon Property Group worth $35,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Simon Property Group by 15.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust's stock valued at $12,521,000 after buying an additional 8,965 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Simon Property Group during the 3rd quarter valued at about $3,598,000. National Pension Service increased its stake in Simon Property Group by 3.2% in the third quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust's stock valued at $202,743,000 after acquiring an additional 33,758 shares during the period. Aew Capital Management L P raised its position in Simon Property Group by 90.9% in the third quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust's stock worth $99,494,000 after purchasing an additional 252,510 shares in the last quarter. Finally, Clark Capital Management Group Inc. raised its position in Simon Property Group by 1.7% in the third quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust's stock worth $46,361,000 after purchasing an additional 4,177 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on SPG. Stifel Nicolaus lifted their price objective on Simon Property Group from $184.00 to $185.00 and gave the company a "hold" rating in a report on Tuesday, February 3rd. Weiss Ratings restated a "buy (b)" rating on shares of Simon Property Group in a research report on Wednesday, April 8th. Citigroup boosted their price target on Simon Property Group from $185.00 to $189.00 and gave the company a "neutral" rating in a research note on Thursday, February 5th. UBS Group upped their price target on Simon Property Group from $180.00 to $189.00 and gave the company a "neutral" rating in a research report on Thursday, January 8th. Finally, Truist Financial increased their price objective on Simon Property Group from $181.00 to $196.00 and gave the stock a "hold" rating in a research note on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Simon Property Group presently has an average rating of "Hold" and a consensus target price of $200.14.

Simon Property Group Price Performance

Shares of SPG stock opened at $202.57 on Friday. The firm's 50 day moving average price is $195.18 and its two-hundred day moving average price is $188.45. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. Simon Property Group, Inc. has a 52-week low of $155.44 and a 52-week high of $208.28. The stock has a market cap of $65.82 billion, a PE ratio of 14.29, a PEG ratio of 6.70 and a beta of 1.33.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating the consensus estimate of $3.47 by $0.02. The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, analysts forecast that Simon Property Group, Inc. will post 13.19 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 annualized dividend and a yield of 4.3%. Simon Property Group's dividend payout ratio is presently 62.06%.

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

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.

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