Forsta AP Fonden Sells 3,600 Shares of Simon Property Group, Inc. $SPG

Forsta AP Fonden cut its holdings in Simon Property Group, Inc. (NYSE:SPG) by 4.9% during the fourth quarter, Holdings Channel reports. The firm owned 70,300 shares of the real estate investment trust’s stock after selling 3,600 shares during the quarter. Forsta AP Fonden’s holdings in Simon Property Group were worth $13,013,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SPG. Wellington Management Group LLP lifted its holdings in Simon Property Group by 634.5% in the 3rd 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 in the last quarter. Norges Bank purchased a new stake in Simon Property Group during the 4th quarter valued at $1,112,111,000. Capital World Investors raised its holdings in Simon Property Group by 45.0% during the 3rd quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock valued at $1,573,450,000 after buying an additional 2,600,508 shares during the period. Vanguard Group Inc. raised its holdings in Simon Property Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after buying an additional 844,190 shares during the period. Finally, Barclays PLC grew its position in Simon Property Group by 78.9% in the 3rd quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock valued at $207,158,000 after acquiring an additional 486,967 shares during the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Price Performance

Shares of SPG stock opened at $204.52 on Monday. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $66.32 billion, a P/E ratio of 14.21, a PEG ratio of 3.71 and a beta of 1.31. The stock’s 50-day moving average is $197.87 and its 200 day moving average is $191.93. Simon Property Group, Inc. has a 1-year low of $155.44 and a 1-year high of $208.79.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

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 is a boost from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s dividend payout ratio is 61.15%.

Simon Property Group announced that its Board of Directors has authorized 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 reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Stifel Nicolaus upped their price objective on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Evercore set a $207.00 price objective on Simon Property Group in a research report on Tuesday, May 12th. JPMorgan Chase & Co. increased their price target on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Scotiabank raised their price objective on Simon Property Group from $192.00 to $206.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and an average price target of $205.07.

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.