Davis Selected Advisers Has $12.25 Million Holdings in Simon Property Group, Inc. $SPG

Key Points

• Davis Selected Advisers trimmed its stake in Simon Property Group by 13.7% in Q4 and now holds 66,183 shares worth $12.25 million.
• Simon Property Group beat Q4 estimates with $3.49 EPS and $1.79 billion revenue, and set FY2026 guidance at 13.00–13.25 EPS (analyst consensus ~13.19).
• The company pays a $2.20 quarterly dividend (annualized $8.80, ~4.3% yield) and approved a $2.0 billion share repurchase program (up to ~3.1% of shares).

Davis Selected Advisers trimmed its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,183 shares of the real estate investment trust's stock after selling 10,550 shares during the period. Davis Selected Advisers' holdings in Simon Property Group were worth $12,251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stance Capital LLC acquired a new stake in Simon Property Group in the 3rd quarter worth $26,000. Salomon & Ludwin LLC acquired a new stake in Simon Property Group in the 3rd quarter worth $39,000. Atlantic Union Bankshares Corp grew its position in Simon Property Group by 143.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 123 shares during the last quarter. City Holding Co. acquired a new stake in Simon Property Group in the 3rd quarter worth $40,000. Finally, Tompkins Financial Corp acquired a new stake in Simon Property Group in the 4th quarter worth $42,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Simon Property Group in a research report on Wednesday, April 8th. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research report on Friday, January 16th. Evercore raised their price target on shares of Simon Property Group from $188.00 to $198.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 3rd. Citigroup raised their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a "neutral" rating in a research report on Thursday, February 5th. Finally, Mizuho set a $192.00 price target on shares of Simon Property Group in a research report on Friday, January 9th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $200.14.

Simon Property Group Price Performance

NYSE:SPG opened at $202.57 on Friday. The company has a 50-day moving average of $195.18 and a 200-day moving average of $188.45. The company has a market capitalization of $65.82 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 6.70 and a beta of 1.33. Simon Property Group, Inc. has a 52 week low of $155.44 and a 52 week high of $208.28. 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 (NYSE:SPG - Get Free Report) last released its quarterly earnings data 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. The company 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 firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, equities research analysts anticipate that Simon Property Group, Inc. will post 13.19 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were issued a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group's dividend payout ratio (DPR) is presently 62.06%.

Simon Property Group declared that its board has approved a share repurchase program on Thursday, February 5th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board 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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