Simon Property Group, Inc. $SPG Shares Sold by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services Co. reduced its stake in Simon Property Group by 19.2% in Q4, selling 235,774 shares to hold 994,380 shares valued at about $184.07 million (≈0.30% of the company).
• Simon beat Q4 expectations (EPS $3.49 vs. $3.47; revenue $1.79B vs. $1.50B), issued FY2026 guidance of 13.00–13.25 EPS, declared a $2.20 quarterly dividend (≈4.4% yield) and approved a $2.00 billion share repurchase program.
• Institutional investors own about 93% of SPG, led by large positions from Vanguard, Wellington and Capital World Investors, while analysts' consensus rating is "Hold" with an average price target of roughly $199.57.

Massachusetts Financial Services Co. MA cut its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 19.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 994,380 shares of the real estate investment trust's stock after selling 235,774 shares during the period. Massachusetts Financial Services Co. MA owned 0.30% of Simon Property Group worth $184,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SPG. Wellington Management Group LLP boosted its stake in 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 worth $1,383,145,000 after purchasing an additional 6,366,711 shares in the last quarter. Capital World Investors lifted its stake 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 during the period. Vanguard Group Inc. lifted its stake in Simon Property Group by 1.8% during 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 acquiring an additional 844,190 shares during the period. Barclays PLC lifted its stake in Simon Property Group by 78.9% during the 3rd quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust's stock valued at $207,158,000 after acquiring an additional 486,967 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Simon Property Group by 93.2% during the 3rd quarter. AQR Capital Management LLC now owns 680,102 shares of the real estate investment trust's stock valued at $126,336,000 after acquiring an additional 328,116 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on SPG shares. JPMorgan Chase & Co. lifted their price objective on shares of Simon Property Group from $198.00 to $210.00 and gave the company a "neutral" rating in a research note on Friday, February 6th. UBS Group lifted their price objective on shares of Simon Property Group from $180.00 to $189.00 and gave the company a "neutral" rating in a research note on Thursday, January 8th. Weiss Ratings restated a "buy (b)" rating on shares of Simon Property Group in a research note on Wednesday. Piper Sandler restated an "overweight" rating and set a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Finally, Truist Financial lifted their price objective on shares of Simon Property Group from $181.00 to $196.00 and gave the company a "hold" rating in a research note on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $199.57.

Simon Property Group Price Performance

NYSE:SPG opened at $200.52 on Monday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $65.16 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 6.61 and a beta of 1.37. The company has a 50 day moving average price of $193.35 and a 200-day moving average price of $186.52. Simon Property Group, Inc. has a 1-year low of $142.30 and a 1-year high of $205.12.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping the consensus estimate of $3.47 by $0.02. The company had revenue of $1.79 billion during 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 was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were issued a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group's payout ratio is presently 62.06%.

Simon Property Group announced that its Board of Directors has approved a stock repurchase program on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication 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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