Simon Property Group, Inc. $SPG Stock Position Decreased by M&T Bank Corp

Key Points

• M&T Bank Corp trimmed its stake in Simon Property Group by 25.8% in Q4, selling 6,457 shares and leaving it with 18,614 shares valued at about $3.45 million.
• Q4 results beat modestly (EPS $3.49 vs. $3.47 est.) with revenue up 13.2% year-over-year, and the company set FY2026 EPS guidance of 13.00–13.25.
• The board authorized a $2.0 billion buyback (up to 3.1% of shares) and the firm pays a $2.20 quarterly dividend (annualized $8.80, ~4.4% yield); shares trade near $201 with a P/E of 14.2 and a consensus analyst rating of "Hold" with an average target of $200.14.

M&T Bank Corp trimmed its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 25.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,614 shares of the real estate investment trust's stock after selling 6,457 shares during the quarter. M&T Bank Corp's holdings in Simon Property Group were worth $3,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in SPG. Stance Capital LLC acquired a new position in Simon Property Group in the third quarter worth approximately $26,000. Salomon & Ludwin LLC acquired a new position in Simon Property Group in the third quarter worth approximately $39,000. Atlantic Union Bankshares Corp increased its holdings in Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust's stock worth $39,000 after buying an additional 123 shares during the last quarter. City Holding Co. acquired a new position in Simon Property Group in the third quarter worth approximately $40,000. Finally, Tompkins Financial Corp acquired a new position in Simon Property Group in the fourth quarter worth approximately $42,000. Institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Up 0.1%

Shares of SPG stock opened at $201.44 on Tuesday. The stock's 50 day simple moving average is $195.07 and its 200 day simple moving average is $188.06. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. Simon Property Group, Inc. has a twelve month low of $153.16 and a twelve month high of $208.28. The company has a market capitalization of $65.46 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 6.62 and a beta of 1.37.

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 for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business earned $3.68 EPS. The firm's 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, research analysts predict that Simon Property Group, Inc. will post 13.19 EPS for the current year.

Simon Property Group declared that its Board of Directors has authorized a share buyback plan on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Simon Property Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SPG shares. Piper Sandler restated 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. Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a report on Tuesday, January 20th. Mizuho set a $192.00 price objective on 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. Finally, Citigroup increased their price objective on Simon Property Group from $185.00 to $189.00 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Simon Property Group has a consensus rating of "Hold" and an average target price of $200.14.

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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