Simon Property Group, Inc. $SPG Stake Lowered by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates cut its stake by 3.2% in Simon Property Group to 199,416 shares (about $36.9M), while institutional investors collectively own roughly 93.01% of the stock.
• Simon beat quarterly EPS and revenue estimates, set FY2026 guidance of $13.00–$13.25 EPS, authorized a $2.0B share repurchase and pays a $2.20 quarterly dividend (about a 4.4% yield).
• The analyst consensus is a "Hold" with an average target of $199.57, although several firms recently nudged up price targets and the coverage mix is five Buys versus ten Holds.

Douglas Lane & Associates LLC cut its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,416 shares of the real estate investment trust's stock after selling 6,618 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.06% of Simon Property Group worth $36,914,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Simon Property Group by 15.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust's stock valued at $12,521,000 after purchasing an additional 8,965 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Simon Property Group during the third quarter valued at approximately $3,598,000. National Pension Service grew its holdings in Simon Property Group by 3.2% in the 3rd quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust's stock worth $202,743,000 after buying an additional 33,758 shares in the last quarter. Aew Capital Management L P grew its holdings in Simon Property Group by 90.9% in the 3rd quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust's stock worth $99,494,000 after buying an additional 252,510 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Simon Property Group by 8.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 119,798 shares of the real estate investment trust's stock worth $22,482,000 after buying an additional 9,267 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Scotiabank increased their price objective on Simon Property Group from $189.00 to $192.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Simon Property Group in a report on Friday, January 9th. Truist Financial increased their price objective on Simon Property Group from $181.00 to $196.00 and gave the stock a "hold" rating in a report on Monday, March 2nd. Barclays increased their price objective on Simon Property Group from $188.00 to $193.00 and gave the stock an "equal weight" rating in a report on Monday, March 2nd. Finally, Piper Sandler reissued an "overweight" rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Five investment 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 presently has a consensus rating of "Hold" and an average target price of $199.57.

Simon Property Group Stock Performance

SPG opened at $198.66 on Friday. The company has a market capitalization of $64.55 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 6.39 and a beta of 1.37. 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 $142.30 and a 1-year high of $205.12. The business has a 50 day moving average price of $193.16 and a two-hundred day moving average price of $186.35.

Simon Property Group (NYSE:SPG - Get Free Report) last released its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share 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 the consensus estimate of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Research analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were given a $2.20 dividend. 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 dividend payout ratio is 62.06%.

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

About Simon Property Group

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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