Vanguard Group Inc. Has $8.69 Billion Stock Holdings in Simon Property Group, Inc. $SPG

Vanguard Group Inc. grew its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 46,969,966 shares of the real estate investment trust’s stock after acquiring an additional 286,464 shares during the quarter. Vanguard Group Inc. owned about 0.14% of Simon Property Group worth $8,694,610,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in Simon Property Group by 634.5% in the third quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock valued at $1,383,145,000 after purchasing an additional 6,366,711 shares in the last quarter. Capital World Investors grew its stake in Simon Property Group by 45.0% during the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock worth $1,573,450,000 after buying an additional 2,600,508 shares in the last quarter. Barclays PLC increased its holdings in Simon Property Group by 78.9% in the 3rd quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock valued at $207,158,000 after buying an additional 486,967 shares during the period. AQR Capital Management LLC increased its holdings in Simon Property Group by 93.2% in the 3rd quarter. AQR Capital Management LLC now owns 680,102 shares of the real estate investment trust’s stock valued at $126,336,000 after buying an additional 328,116 shares during the period. Finally, State Street Corp raised its position in shares of Simon Property Group by 1.5% in the 3rd quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock valued at $4,084,730,000 after buying an additional 312,995 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a report on Friday, January 16th. Evercore boosted their price objective on shares of Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research report on Tuesday, February 3rd. Scotiabank upped their target price on Simon Property Group from $189.00 to $192.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. Citigroup raised their target price on Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, UBS Group lifted their price target on Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $200.14.

Simon Property Group Trading Down 0.0%

SPG opened at $201.07 on Monday. The company has a market cap of $65.34 billion, a P/E ratio of 14.18, a PEG ratio of 6.62 and a beta of 1.37. 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 company’s 50 day moving average is $194.98 and its 200-day moving average is $187.90. Simon Property Group, Inc. has a 1-year low of $153.16 and a 1-year high of $208.28.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 72.71% and a return on equity of 124.12%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities research analysts predict that Simon Property Group, Inc. will post 13.19 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently declared 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 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 is 62.06%.

Simon Property Group announced that its board has authorized a stock buyback plan on Thursday, February 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

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.