Simon Property Group, Inc. $SPG Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments trimmed its stake in Simon Property Group by 25.9% in Q4, selling 33,030 shares and leaving it with 94,578 shares valued at $17.4 million; hedge funds and institutional investors now own about 93.01% of SPG.
• Simon slightly beat Q results (EPS $3.49 vs. $3.47 est.) with revenue up 13.2% year-over-year, set FY2026 guidance of 13.00–13.25 EPS, authorized a $2.00 billion buyback (up to 3.1% of shares) and pays a $2.20 quarterly dividend (≈4.7% yield).

Allspring Global Investments Holdings LLC lessened its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 25.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,578 shares of the real estate investment trust's stock after selling 33,030 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Simon Property Group were worth $17,400,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Simon Property Group by 1.8% in the third 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 increased its stake in shares of Simon Property Group by 1.5% during the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust's stock worth $4,084,730,000 after buying an additional 312,995 shares during the period. Capital World Investors raised its holdings in Simon Property Group by 45.0% in the third 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 raised its holdings in Simon Property Group by 634.5% in the third 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 raised its holdings 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 in the last quarter. Hedge funds and other institutional investors own 93.01% of the company's stock.

Simon Property Group Price Performance

Shares of SPG opened at $188.71 on Friday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $205.12. The stock has a market cap of $61.32 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 6.22 and a beta of 1.37. The firm has a fifty day moving average price of $192.55 and a 200 day moving average price of $186.03.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company posted $3.68 earnings per share. The business's quarterly revenue was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group announced that its Board of Directors has authorized a share buyback 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 reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were issued a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group's payout ratio is presently 62.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley set a $205.00 price objective on shares of Simon Property Group in a research report on Friday, January 16th. Weiss Ratings restated a "buy (b)" rating on shares of Simon Property Group in a research note on Friday, January 9th. JPMorgan Chase & Co. lifted their price target on Simon Property Group from $198.00 to $210.00 and gave the stock a "neutral" rating in a report on Friday, February 6th. Piper Sandler reaffirmed an "overweight" rating and set a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Finally, Scotiabank increased their price objective on Simon Property Group from $189.00 to $192.00 and gave the company a "sector perform" rating in a report on Tuesday, March 24th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $199.57.

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.

Want to see what other hedge funds are holding SPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simon Property Group, Inc. (NYSE:SPG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.