MidFirst Bank Takes Position in Simon Property Group, Inc. $SPG

MidFirst Bank acquired a new stake in Simon Property Group, Inc. (NYSE:SPG) during the fourth quarter, Holdings Channel reports. The fund acquired 18,700 shares of the real estate investment trust’s stock, valued at approximately $3,462,000.

Other hedge funds also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board acquired a new position in Simon Property Group during the 3rd quarter worth about $3,598,000. Clark Capital Management Group Inc. grew its position in Simon Property Group by 1.7% in the 3rd quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock valued at $46,361,000 after acquiring an additional 4,177 shares in the last quarter. Aew Capital Management L P grew its position in Simon Property Group by 90.9% in the 3rd quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock valued at $99,494,000 after acquiring an additional 252,510 shares in the last quarter. Union Bancaire Privee UBP SA grew its position in Simon Property Group by 22.6% in the 4th quarter. Union Bancaire Privee UBP SA now owns 39,366 shares of the real estate investment trust’s stock valued at $7,287,000 after acquiring an additional 7,266 shares in the last quarter. Finally, Danske Bank A S increased its stake in Simon Property Group by 11.1% during the fourth quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock worth $35,901,000 after purchasing an additional 19,300 shares during the period. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SPG shares. Scotiabank increased their price target on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday. UBS Group set a $220.00 price objective on shares of Simon Property Group in a report on Thursday. Evercore set a $208.00 target price on shares of Simon Property Group in a research note on Monday, June 8th. JPMorgan Chase & Co. increased their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Finally, Morgan Stanley raised their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $208.29.

Simon Property Group Stock Performance

Shares of SPG opened at $211.46 on Friday. Simon Property Group, Inc. has a 1 year low of $155.92 and a 1 year high of $220.43. The stock has a market capitalization of $68.57 billion, a PE ratio of 14.69, a PEG ratio of 3.79 and a beta of 1.31. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50-day simple moving average of $204.88 and a 200-day simple moving average of $194.59.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, analysts predict that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $2.25 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is currently 62.54%.

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.