W.G. Shaheen & Associates DBA Whitney & Co Boosts Stake in Simon Property Group, Inc. $SPG

W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,249 shares of the real estate investment trust’s stock after buying an additional 3,600 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Simon Property Group were worth $3,933,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its position in Simon Property Group by 15.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust’s stock worth $12,521,000 after purchasing an additional 8,965 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in Simon Property Group during the third quarter worth $3,598,000. National Pension Service boosted its position in Simon Property Group by 3.2% during the third quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock worth $202,743,000 after purchasing an additional 33,758 shares in the last quarter. Aew Capital Management L P boosted its position in Simon Property Group by 90.9% during the third quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock worth $99,494,000 after purchasing an additional 252,510 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its position in Simon Property Group by 1.7% during the third quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock worth $46,361,000 after purchasing an additional 4,177 shares in the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Trading Down 1.3%

Shares of NYSE SPG opened at $200.09 on Thursday. The stock’s 50 day moving average price is $195.10 and its two-hundred day moving average price is $188.34. Simon Property Group, Inc. has a 52-week low of $153.16 and a 52-week high of $208.28. The stock has a market capitalization of $65.02 billion, a P/E ratio of 14.11, a PEG ratio of 6.62 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm posted $3.68 earnings per share. Simon Property Group’s revenue for the quarter 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, analysts anticipate that Simon Property Group, Inc. will post 13.19 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were paid a dividend of $2.20 per share. The ex-dividend date was Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.4%. Simon Property Group’s dividend payout ratio is presently 62.06%.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a report on Wednesday, April 8th. Evercore increased their target price on shares of Simon Property Group from $188.00 to $198.00 and gave the stock 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 report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $200.14.

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.