Simon Property Group, Inc. $SPG Shares Sold by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer cut its stake in Simon Property Group by 21.4%, selling 7,739 shares and leaving it with 28,447 shares valued at about $5.27 million, while institutional investors own roughly 93.01% of the stock.
• Simon slightly beat Q4 EPS expectations ($3.49 vs. $3.47) with revenue up 13.2% YoY, set FY2026 guidance of 13.00–13.25 EPS, authorized a $2.0B buyback (≈3.1% of shares) and pays a quarterly dividend of $2.20 (≈4.3% yield).
• Analysts have a consensus rating of Hold with an average price target of $200.14, while the stock is trading around the low-$200s (opened at $202.57 in the report).

Oppenheimer & Co. Inc. lowered its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,447 shares of the real estate investment trust's stock after selling 7,739 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Simon Property Group were worth $5,266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sigma Planning Corp increased its holdings in shares of Simon Property Group by 48.6% in the fourth quarter. Sigma Planning Corp now owns 12,262 shares of the real estate investment trust's stock valued at $2,270,000 after purchasing an additional 4,011 shares during the last quarter. US Bancorp DE increased its holdings in shares of Simon Property Group by 1.1% in the fourth quarter. US Bancorp DE now owns 62,076 shares of the real estate investment trust's stock valued at $11,491,000 after purchasing an additional 702 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in shares of Simon Property Group by 20.4% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 21,249 shares of the real estate investment trust's stock valued at $3,933,000 after purchasing an additional 3,600 shares during the last quarter. Simplicity Wealth LLC increased its holdings in shares of Simon Property Group by 26.1% in the fourth quarter. Simplicity Wealth LLC now owns 2,278 shares of the real estate investment trust's stock valued at $422,000 after purchasing an additional 471 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in shares of Simon Property Group by 11.1% in the fourth quarter. Keybank National Association OH now owns 7,674 shares of the real estate investment trust's stock valued at $1,421,000 after purchasing an additional 769 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SPG shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Simon Property Group in a report on Wednesday, April 8th. Barclays upped their price objective on shares of Simon Property Group from $193.00 to $201.00 and gave the company an "equal weight" rating in a report on Monday, April 13th. Evercore upped their price objective on shares of Simon Property Group from $188.00 to $198.00 and gave the company an "in-line" rating in a report on Tuesday, February 3rd. UBS Group upped their price objective on shares of Simon Property Group from $180.00 to $189.00 and gave the company a "neutral" rating in a report on Thursday, January 8th. Finally, Mizuho set a $192.00 price objective on shares of Simon Property Group in a report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $200.14.

Simon Property Group Trading Down 0.6%

SPG opened at $202.57 on Friday. Simon Property Group, Inc. has a 52 week low of $155.44 and a 52 week high of $208.28. The business has a fifty day simple moving average of $195.18 and a 200-day simple moving average of $188.53. The firm has a market cap of $65.82 billion, a P/E ratio of 14.29, a P/E/G 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 (NYSE:SPG - Get Free Report) last released 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. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $3.68 earnings per share. The company's quarterly revenue was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, equities analysts expect that Simon Property Group, Inc. will post 13.19 earnings per share for the current year.

Simon Property Group declared that its board has approved a stock repurchase program on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Simon Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, March 10th. Simon Property Group's dividend payout ratio (DPR) is currently 62.06%.

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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