Simon Property Group, Inc. $SPG Position Lowered by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. decreased its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,050 shares of the real estate investment trust’s stock after selling 3,450 shares during the period. Staley Capital Advisers Inc.’s holdings in Simon Property Group were worth $8,895,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Wellington Management Group LLP lifted its stake in Simon Property Group by 634.5% during the third quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock worth $1,383,145,000 after purchasing an additional 6,366,711 shares during the last quarter. Capital World Investors lifted its stake in Simon Property Group by 45.0% during the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock worth $1,573,450,000 after purchasing an additional 2,600,508 shares during the last quarter. Vanguard Group Inc. lifted its stake in Simon Property Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock worth $8,761,093,000 after purchasing an additional 844,190 shares during the last quarter. Barclays PLC lifted its stake in Simon Property Group by 78.9% during the third quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock worth $207,158,000 after purchasing an additional 486,967 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Simon Property Group by 1,329.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock worth $86,723,000 after purchasing an additional 435,721 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

SPG opened at $199.98 on Friday. The business’s 50 day moving average is $195.27 and its 200-day moving average is $190.06. The stock has a market cap of $64.98 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 3.62 and a beta of 1.33. 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, Inc. has a twelve month low of $155.44 and a twelve month high of $208.28.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $1.76 billion for 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 business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 13.2 earnings per share for the current year.

Simon Property Group announced that its Board of Directors has authorized a share repurchase plan 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 plans are typically an indication that the company’s leadership believes its shares are undervalued.

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 paid a dividend of $2.25 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 61.15%.

Wall Street Analysts Forecast Growth

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

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.