Nomura Asset Management Co. Ltd. Acquires 20,477 Shares of Simon Property Group, Inc. $SPG

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 604,773 shares of the real estate investment trust’s stock after purchasing an additional 20,477 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Simon Property Group were worth $111,950,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SPG. Stance Capital LLC bought a new stake in shares of Simon Property Group during the third quarter worth $26,000. Atlantic Union Bankshares Corp grew its holdings in shares of Simon Property Group by 143.0% during the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 123 shares during the last quarter. Tompkins Financial Corp bought a new stake in shares of Simon Property Group during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. grew its holdings in shares of Simon Property Group by 79.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 111 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new position in shares of Simon Property Group during the fourth quarter valued at $53,000. Institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SPG shares. Citigroup upped their price target on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. 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. Scotiabank upped their price target on Simon Property Group from $192.00 to $206.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Finally, UBS Group upped their price target on Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Simon Property Group has a consensus rating of “Hold” and a consensus price target of $205.07.

Simon Property Group Trading Down 1.1%

NYSE:SPG opened at $204.52 on Friday. Simon Property Group, Inc. has a 1-year low of $155.44 and a 1-year high of $208.79. The business’s 50-day moving average price is $197.87 and its two-hundred day moving average price is $191.87. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of $66.32 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 3.71 and a beta of 1.33.

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, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

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

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.4%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s dividend payout ratio is currently 61.15%.

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.