Teacher Retirement System of Texas Grows Position in Simon Property Group, Inc. $SPG

Key Points

• Teacher Retirement System of Texas increased its position in Simon Property Group by 195.2% in Q4, buying an additional 98,357 shares to hold 148,732 shares worth about $27.53 million.
• Simon Property Group beat Q4 expectations with $3.49 EPS (vs. $3.47 est.) and $1.79 billion revenue, and set FY2026 guidance of $13.00–$13.25 EPS.
• The REIT declared a quarterly dividend of $2.20 ($8.80 annualized, ~4.3% yield) and approved a $2.0 billion stock buyback (~3.1% of shares), while analysts' consensus remains a "Hold" with a ~$200 price target.

Teacher Retirement System of Texas increased its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 195.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 148,732 shares of the real estate investment trust's stock after buying an additional 98,357 shares during the quarter. Teacher Retirement System of Texas' holdings in Simon Property Group were worth $27,532,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SPG. Stance Capital LLC purchased a new position in Simon Property Group during the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC purchased a new position in Simon Property Group during the 3rd quarter worth approximately $39,000. Atlantic Union Bankshares Corp grew its stake in Simon Property Group by 143.0% during the 3rd 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. purchased a new position in Simon Property Group during the 3rd quarter worth approximately $40,000. Finally, Tompkins Financial Corp purchased a new position in Simon Property Group during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 93.01% of the company's stock.

Simon Property Group Trading Up 1.0%

Shares of SPG stock opened at $203.62 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 4.42. The business's 50 day moving average is $194.89 and its two-hundred day moving average is $187.62. The company has a market capitalization of $66.17 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 6.63 and a beta of 1.37. Simon Property Group, Inc. has a twelve month low of $151.84 and a twelve month high of $208.28.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating the consensus estimate of $3.47 by $0.02. The business had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities analysts forecast that Simon Property Group, Inc. will post 13.19 EPS for the current year.

Simon Property Group Dividend Announcement

The firm also recently declared 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 4.3%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group's dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group announced that its board has approved a stock repurchase plan on Thursday, February 5th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

SPG has been the topic of a number of research reports. UBS Group raised their price target on Simon Property Group from $180.00 to $189.00 and gave the stock a "neutral" rating in a research note on Thursday, January 8th. Scotiabank lifted their target price on Simon Property Group from $189.00 to $192.00 and gave the company a "sector perform" rating in a research note on Tuesday, March 24th. Truist Financial lifted their target price on Simon Property Group from $181.00 to $196.00 and gave the company a "hold" rating in a research note on Monday, March 2nd. Piper Sandler reiterated an "overweight" rating and issued a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Finally, Morgan Stanley set a $205.00 target price on Simon Property Group in a research note on Friday, January 16th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group presently has a consensus rating of "Hold" and a consensus price target 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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