LDR Capital Management LLC Buys 5,442 Shares of Simon Property Group, Inc. $SPG

Key Points

• LDR Capital Management LLC raised its stake in Simon Property Group by 123.2%, buying 5,442 shares to hold 9,861 shares worth about $1.83 million, representing ~2.5% of its portfolio and its 13th largest holding.
• Simon posted slightly-beating Q4 results with revenue up 13.2% and set FY2026 guidance of 13.00–13.25 EPS; it also declared a $2.20 quarterly dividend (a 4.4% yield) and authorized a $2.00 billion share buyback (~3.1% of shares).
• Research firms largely maintain a consensus "Hold" rating with an average target of $199.57, though several analysts have raised targets (JPMorgan to $210 and others into the high-$180s/low-$200s).

LDR Capital Management LLC raised its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 123.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,861 shares of the real estate investment trust's stock after buying an additional 5,442 shares during the quarter. Simon Property Group comprises approximately 2.5% of LDR Capital Management LLC's investment portfolio, making the stock its 13th biggest holding. LDR Capital Management LLC's holdings in Simon Property Group were worth $1,825,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in Simon Property Group in the fourth quarter valued at approximately $402,000. OFI Invest Asset Management lifted its stake in Simon Property Group by 6.2% in the fourth quarter. OFI Invest Asset Management now owns 3,729 shares of the real estate investment trust's stock valued at $690,000 after buying an additional 217 shares in the last quarter. Oak Thistle LLC bought a new position in Simon Property Group in the fourth quarter valued at approximately $1,005,000. Flagship Harbor Advisors LLC bought a new position in Simon Property Group in the fourth quarter valued at approximately $60,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in Simon Property Group by 9.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,010 shares of the real estate investment trust's stock valued at $187,000 after buying an additional 85 shares in the last quarter. Institutional investors own 93.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SPG shares. Evercore lifted their price target on shares of Simon Property Group from $188.00 to $198.00 and gave the company an "in-line" rating in a research note on Tuesday, February 3rd. Mizuho set a $192.00 price objective on shares of Simon Property Group in a research report on Friday, January 9th. Scotiabank boosted their price objective on shares of Simon Property Group from $189.00 to $192.00 and gave the stock a "sector perform" rating in a research report on Tuesday, March 24th. Citigroup boosted their price objective 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, JPMorgan Chase & Co. boosted their price objective on shares of Simon Property Group from $198.00 to $210.00 and gave the stock a "neutral" rating in a research report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $199.57.

Simon Property Group Stock Performance

Shares of SPG stock opened at $198.66 on Friday. The company's fifty day simple moving average is $193.16 and its 200-day simple moving average is $186.35. 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 market cap of $64.55 billion, a PE ratio of 14.01, a P/E/G ratio of 6.39 and a beta of 1.37. Simon Property Group, Inc. has a 12 month low of $142.30 and a 12 month high of $205.12.

Simon Property Group (NYSE:SPG - Get Free Report) last announced 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities research analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 yield of 4.4%. The ex-dividend date was Tuesday, March 10th. Simon Property Group's payout ratio is presently 62.06%.

Simon Property Group declared that its Board of Directors has authorized a share buyback 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 stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

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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