Oak Thistle LLC Makes New $1.01 Million Investment in Simon Property Group, Inc. $SPG

Key Points

• Oak Thistle LLC opened a new stake in Simon Property Group (SPG) in Q4, buying 5,430 shares valued at about $1.01 million.
• Simon approved a $2.00 billion share buyback program and paid a quarterly dividend of $2.20 (annualized $8.80), equating to a roughly 4.4% yield.
• The REIT reported quarterly EPS of $3.49 (slightly above estimates) with revenue above forecasts and set FY 2026 guidance of 13.00–13.25 EPS.

Oak Thistle LLC bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 5,430 shares of the real estate investment trust's stock, valued at approximately $1,005,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Simon Property Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust's stock valued at $8,761,093,000 after purchasing an additional 844,190 shares during the period. State Street Corp lifted its stake in shares of Simon Property Group by 1.5% in 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 purchasing an additional 312,995 shares during the period. Capital World Investors lifted its stake in shares of Simon Property Group by 45.0% in 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 purchasing an additional 2,600,508 shares during the period. Wellington Management Group LLP lifted its stake in shares of Simon Property Group by 634.5% in 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 purchasing an additional 6,366,711 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Simon Property Group by 1.6% in 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 purchasing an additional 82,550 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Performance

Shares of SPG opened at $198.66 on Friday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average price of $193.16 and a two-hundred day moving average price of $186.35. The firm has a market capitalization of $64.55 billion, a P/E ratio of 14.01, a P/E/G ratio of 6.39 and a beta of 1.37. Simon Property Group, Inc. has a 52 week low of $142.30 and a 52 week high of $205.12.

Simon Property Group (NYSE:SPG - Get Free Report) last issued 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 firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period 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. Equities analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 of this dividend was Tuesday, March 10th. Simon Property Group's payout ratio is currently 62.06%.

Simon Property Group announced that its Board of Directors has approved a share repurchase program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to purchase 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 stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Simon Property Group in a research note on Friday, January 9th. Morgan Stanley set a $205.00 price objective on Simon Property Group in a research note on Friday, January 16th. Truist Financial boosted their price objective on Simon Property Group from $181.00 to $196.00 and gave the company a "hold" rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. boosted their price objective on Simon Property Group from $198.00 to $210.00 and gave the company a "neutral" rating in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised Simon Property Group from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a research note on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $199.57.

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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