Sound Income Strategies LLC Raises Stake in Simon Property Group, Inc. $SPG

Key Points

• Sound Income Strategies LLC raised its stake in Simon Property Group by 5.6% in Q4 to 127,503 shares, worth about $23.58 million and representing roughly 1.1% of the firm's portfolio (its 16th largest holding).
• Simon Property Group authorized a $2.0 billion share buyback (up to 3.1% of shares) and recently paid a $2.20 quarterly dividend (annualized $8.80, ~4.6% yield).
• SPG slightly beat Q4 EPS expectations ($3.49 vs. $3.47), reported revenue up 13.2% year‑over‑year, set FY2026 guidance of $13.00–$13.25 EPS, and carries a consensus analyst rating of "Hold" with an average target of $199.57.

Sound Income Strategies LLC raised its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,503 shares of the real estate investment trust's stock after purchasing an additional 6,774 shares during the quarter. Simon Property Group accounts for about 1.1% of Sound Income Strategies LLC's investment portfolio, making the stock its 16th largest position. Sound Income Strategies LLC's holdings in Simon Property Group were worth $23,578,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SPG. Brighton Jones LLC purchased a new position in Simon Property Group during the fourth quarter valued at approximately $295,000. CW Advisors LLC lifted its holdings in Simon Property Group by 56.6% during the second quarter. CW Advisors LLC now owns 6,653 shares of the real estate investment trust's stock valued at $1,070,000 after purchasing an additional 2,404 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Simon Property Group by 32.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,597 shares of the real estate investment trust's stock valued at $418,000 after purchasing an additional 637 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in Simon Property Group by 2.2% during the second quarter. Guggenheim Capital LLC now owns 11,346 shares of the real estate investment trust's stock valued at $1,824,000 after purchasing an additional 248 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Simon Property Group by 316.2% during the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust's stock valued at $3,181,000 after purchasing an additional 15,033 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company's stock.

Simon Property Group Price Performance

SPG stock opened at $190.23 on Tuesday. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $205.12. The company's fifty day moving average price is $192.65 and its 200-day moving average price is $186.13. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $61.82 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 6.22 and a beta of 1.37.

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 EPS for the quarter, topping the consensus estimate of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $3.68 earnings per share. The company'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. On average, equities analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group declared that its board has approved a stock repurchase program 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 buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Simon Property Group Dividend Announcement

The business 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 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group's payout ratio is 62.06%.

Wall Street Analyst Weigh In

SPG has been the topic of several analyst reports. UBS Group lifted their price target 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. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a report on Friday, January 16th. Piper Sandler reaffirmed an "overweight" rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Simon Property Group in a report on Friday, January 9th. Finally, Truist Financial lifted their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the company a "hold" rating in a report on Monday, March 2nd. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $199.57.

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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