Horizon Investments LLC Boosts Holdings in Simon Property Group, Inc. $SPG

Key Points

• Horizon Investments LLC raised its stake in Simon Property Group by 234.9% in Q4 to 28,467 shares, valued at about $5.27 million.
• Simon beat Q4 expectations (EPS $3.49 vs. $3.47; revenue $1.79B vs. $1.50B), reported revenue up 13.2% year‑over‑year, and its board approved a $2.00 billion share buyback (≈3.1% of shares).
• Institutions own 93.01% of SPG stock, and analysts hold a consensus "Hold" rating with an average price target near $200.14.

Horizon Investments LLC raised its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 234.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,467 shares of the real estate investment trust's stock after acquiring an additional 19,968 shares during the quarter. Horizon Investments LLC's holdings in Simon Property Group were worth $5,270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Simon Property Group by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust's stock valued at $8,694,610,000 after acquiring an additional 286,464 shares in the last quarter. State Street Corp increased its holdings in Simon Property Group by 1.5% during the 3rd quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust's stock valued at $4,084,730,000 after acquiring an additional 312,995 shares in the last quarter. Capital World Investors increased its holdings in Simon Property Group by 45.0% during the 3rd quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust's stock valued at $1,573,450,000 after acquiring an additional 2,600,508 shares in the last quarter. Wellington Management Group LLP increased its holdings in Simon Property Group by 634.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust's stock valued at $1,383,145,000 after acquiring an additional 6,366,711 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Simon Property Group by 1.6% during the 3rd quarter. Northern Trust Corp now owns 5,344,170 shares of the real estate investment trust's stock valued at $1,002,940,000 after acquiring an additional 82,550 shares in the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Trading Up 0.1%

Shares of SPG stock opened at $202.57 on Monday. The stock has a market cap of $65.82 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 6.66 and a beta of 1.33. 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, Inc. has a fifty-two week low of $155.44 and a fifty-two week high of $208.28. The firm's 50 day moving average price is $195.18 and its two-hundred day moving average price is $188.62.

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 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.02. The firm had revenue of $1.79 billion for 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%. Simon Property Group's revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.68 earnings per share. On average, analysts anticipate that Simon Property Group, Inc. will post 13.19 EPS for the current year.

Simon Property Group declared that its board has approved 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 management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SPG shares. Piper Sandler restated an "overweight" rating and set a $230.00 target price (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Simon Property Group in a report on Wednesday, April 8th. Mizuho set a $192.00 price target on shares of Simon Property Group in a report on Friday, January 9th. Scotiabank lifted their price target on shares of Simon Property Group from $189.00 to $192.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 24th. Finally, UBS Group lifted their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a "neutral" rating in a report on Thursday, January 8th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $200.14.

Simon Property Group Company 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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