Vanguard Group Inc. Purchases 286,464 Shares of Simon Property Group, Inc. $SPG

Vanguard Group Inc. boosted its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 46,969,966 shares of the real estate investment trust's stock after purchasing an additional 286,464 shares during the period. Vanguard Group Inc. owned about 14.39% of Simon Property Group worth $8,694,610,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC bought a new position in shares of Simon Property Group during the 4th quarter worth approximately $295,000. Marshall Wace LLP raised its stake in Simon Property Group by 316.2% in the 2nd quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust's stock valued at $3,181,000 after acquiring an additional 15,033 shares during the period. Jump Financial LLC lifted its holdings in Simon Property Group by 80.1% during the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust's stock valued at $2,714,000 after purchasing an additional 7,506 shares during the last quarter. Cerity Partners LLC boosted its position in Simon Property Group by 1.7% during the second quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust's stock worth $5,745,000 after purchasing an additional 598 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Simon Property Group by 13.4% during the second quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust's stock worth $4,573,000 after purchasing an additional 3,372 shares during the period. Institutional investors and hedge funds own 93.01% of the company's stock.

Simon Property Group Stock Down 0.0%

SPG opened at $201.07 on Monday. Simon Property Group, Inc. has a fifty-two week low of $153.16 and a fifty-two week high of $208.28. 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 $65.34 billion, a P/E ratio of 14.18, a P/E/G ratio of 6.62 and a beta of 1.37. The stock has a fifty day moving average of $194.98 and a 200-day moving average of $187.90.

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, beating 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 business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company posted $3.68 earnings per share. Simon Property Group'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. On average, equities analysts expect that Simon Property Group, Inc. will post 13.19 EPS for the current year.

Simon Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were issued a dividend of $2.20 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.4%. Simon Property Group's dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

SPG has been the topic of several research analyst reports. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $184.00 to $185.00 and gave the company a "hold" rating in a research report on Tuesday, February 3rd. Scotiabank lifted their target price on shares of Simon Property Group from $189.00 to $192.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 24th. Citigroup upped their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the company a "neutral" rating in a research note on Thursday, February 5th. Barclays increased their price target 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. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Simon Property Group in a research report on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Simon Property Group presently has a consensus rating of "Hold" and an average target price of $200.14.

Simon Property Group Company 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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