Howard Capital Management Group LLC Has $276,000 Position in Simon Property Group, Inc. $SPG

Howard Capital Management Group LLC lessened its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 66.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,490 shares of the real estate investment trust’s stock after selling 2,949 shares during the period. Howard Capital Management Group LLC’s holdings in Simon Property Group were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPG. Brighton Jones LLC bought a new stake in Simon Property Group during the 4th quarter worth about $295,000. M&T Bank Corp raised its stake in shares of Simon Property Group by 1.5% in the second quarter. M&T Bank Corp now owns 57,671 shares of the real estate investment trust’s stock worth $9,271,000 after acquiring an additional 829 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Simon Property Group by 617.0% during the second quarter. Quantbot Technologies LP now owns 24,147 shares of the real estate investment trust’s stock worth $3,882,000 after purchasing an additional 20,779 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Simon Property Group by 740.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 177,568 shares of the real estate investment trust’s stock worth $28,546,000 after purchasing an additional 156,448 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Simon Property Group during the second quarter valued at approximately $162,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPG has been the subject of a number of research reports. Mizuho set a $192.00 price target on shares of Simon Property Group in a report on Friday, January 9th. Barclays upped their price objective on Simon Property Group from $188.00 to $193.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. 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. Citigroup boosted their target price on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. upped their price target on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. 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 stock presently has a consensus rating of “Hold” and a consensus price target of $199.57.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $188.71 on Friday. The firm has a fifty day moving average of $192.48 and a two-hundred day moving average of $185.97. 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 stock has a market capitalization of $61.32 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 6.20 and a beta of 1.37. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $205.12.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $3.68 EPS. The firm’s revenue was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, equities research analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Tuesday, March 10th. Simon Property Group’s payout ratio is presently 62.06%.

Simon Property Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

About Simon Property Group

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.