Bessemer Group Inc. Cuts Position in Simon Property Group, Inc. $SPG

Bessemer Group Inc. decreased its holdings in Simon Property Group, Inc. (NYSE:SPG) by 37.4% in the 4th quarter, HoldingsChannel reports. The fund owned 612,798 shares of the real estate investment trust’s stock after selling 365,945 shares during the quarter. Bessemer Group Inc.’s holdings in Simon Property Group were worth $113,435,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Embree Financial Group raised its position in Simon Property Group by 2.4% in the fourth quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock worth $447,000 after acquiring an additional 56 shares in the last quarter. O ROURKE & COMPANY Inc increased its position in shares of Simon Property Group by 2.8% in the fourth quarter. O ROURKE & COMPANY Inc now owns 2,124 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 57 shares in the last quarter. Washington Trust Bank increased its position in shares of Simon Property Group by 3.5% in the fourth quarter. Washington Trust Bank now owns 1,776 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 60 shares in the last quarter. Colonial Trust Co SC increased its position in shares of Simon Property Group by 25.7% in the third quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 65 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Simon Property Group by 4.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,582 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SPG shares. Scotiabank raised their price target on Simon Property Group from $189.00 to $192.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 24th. Weiss Ratings upgraded Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their price target on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Piper Sandler restated an “overweight” rating and issued a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Simon Property Group has an average rating of “Hold” and an average price target of $202.57.

Simon Property Group Trading Down 1.4%

Simon Property Group stock opened at $199.98 on Friday. The stock has a market cap of $64.98 billion, a PE ratio of 13.90, a P/E/G ratio of 3.67 and a beta of 1.33. The stock has a 50-day moving average price of $195.27 and a 200 day moving average price of $190.06. Simon Property Group, Inc. has a 52 week low of $155.44 and a 52 week high of $208.28. The company has a current ratio of 0.84, a quick ratio of 0.90 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $2.25 per share. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.5%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is 61.15%.

Simon Property Group announced that its board has approved a share repurchase program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.