MQS Management LLC Invests $655,000 in Simon Property Group, Inc. $SPG

MQS Management LLC bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,509 shares of the real estate investment trust’s stock, valued at approximately $655,000.

Several other hedge funds have also bought and sold shares of the stock. Clark Capital Management Group Inc. lifted its position in shares of Simon Property Group by 1.7% during the 3rd quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock valued at $46,361,000 after buying an additional 4,177 shares in the last quarter. Union Bancaire Privee UBP SA raised its stake in Simon Property Group by 22.6% during the 4th quarter. Union Bancaire Privee UBP SA now owns 39,366 shares of the real estate investment trust’s stock worth $7,287,000 after acquiring an additional 7,266 shares during the period. Davis Selected Advisers lifted its holdings in Simon Property Group by 30.7% during the third quarter. Davis Selected Advisers now owns 76,733 shares of the real estate investment trust’s stock valued at $14,400,000 after purchasing an additional 18,010 shares in the last quarter. Danske Bank A S lifted its holdings in Simon Property Group by 11.1% during the fourth quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock valued at $35,901,000 after purchasing an additional 19,300 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Simon Property Group by 3.5% in the third quarter. California Public Employees Retirement System now owns 579,458 shares of the real estate investment trust’s stock worth $108,747,000 after purchasing an additional 19,608 shares during the period. Institutional investors own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPG. Weiss Ratings raised shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. Scotiabank lifted their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Morgan Stanley increased their price target on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. Barclays boosted their price objective on Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Finally, Stifel Nicolaus upped their price objective on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Simon Property Group presently has an average rating of “Moderate Buy” and a consensus price target of $211.47.

Simon Property Group Stock Down 1.6%

Shares of SPG stock opened at $223.85 on Wednesday. The company’s fifty day simple moving average is $208.10 and its two-hundred day simple moving average is $196.77. Simon Property Group, Inc. has a 52 week low of $159.33 and a 52 week high of $228.57. The stock has a market cap of $72.59 billion, a P/E ratio of 15.56, a PEG ratio of 4.11 and a beta of 1.31. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business posted $2.95 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts predict that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $2.25 per share. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 annualized dividend and a yield of 4.0%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is 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.