Bank of New York Mellon Corp Decreases Stake in Simon Property Group, Inc. $SPG

Bank of New York Mellon Corp decreased its position in Simon Property Group, Inc. (NYSE:SPG) by 4.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,118,550 shares of the real estate investment trust’s stock after selling 98,319 shares during the period. Bank of New York Mellon Corp’s holdings in Simon Property Group were worth $392,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPG. Brighton Jones LLC bought a new position in shares of Simon Property Group during the 4th quarter valued at approximately $295,000. Marshall Wace LLP boosted its holdings in Simon Property Group by 316.2% in the 2nd quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after buying an additional 15,033 shares during the period. Jump Financial LLC boosted its holdings in Simon Property Group by 80.1% in the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock worth $2,714,000 after buying an additional 7,506 shares during the period. Cerity Partners LLC boosted its holdings in Simon Property Group by 1.7% in the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock worth $5,745,000 after buying an additional 598 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in Simon Property Group by 13.4% in the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock worth $4,573,000 after buying an additional 3,372 shares during the period. 93.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on SPG shares. Evercore set a $207.00 price objective on shares of Simon Property Group in a report on Tuesday, May 12th. UBS Group raised their price objective on shares of Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. JPMorgan Chase & Co. raised their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday. Barclays raised their price target on shares of Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Finally, Citigroup raised their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and a consensus target price of $205.57.

Simon Property Group Stock Performance

Simon Property Group stock opened at $206.22 on Friday. The stock has a market cap of $66.88 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 3.68 and a beta of 1.31. The firm’s fifty day moving average price is $199.50 and its 200-day moving average price is $192.51. Simon Property Group, Inc. has a fifty-two week low of $155.44 and a fifty-two week high of $208.79. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping 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 net margin of 70.60% and a return on equity of 104.54%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities research analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group declared that its board has initiated 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 buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $2.25 dividend. The ex-dividend date is Tuesday, June 9th. This is a positive change 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 4.4%. Simon Property Group’s dividend payout ratio is presently 62.54%.

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.