Simon Property Group, Inc. $SPG Shares Purchased by DNB Asset Management AS

DNB Asset Management AS increased its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 4.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 67,364 shares of the real estate investment trust’s stock after acquiring an additional 2,633 shares during the period. DNB Asset Management AS’s holdings in Simon Property Group were worth $12,470,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SPG. Stance Capital LLC purchased a new stake in Simon Property Group during the 3rd quarter worth about $26,000. Atlantic Union Bankshares Corp increased its holdings in Simon Property Group by 143.0% during the 3rd 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 period. Tompkins Financial Corp purchased a new stake in Simon Property Group during the 4th quarter worth about $42,000. Richardson Financial Services Inc. increased its holdings in Simon Property Group by 50.6% during the 3rd quarter. Richardson Financial Services Inc. now owns 262 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 88 shares during the period. Finally, Camelot Portfolios LLC purchased a new stake in Simon Property Group during the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Evercore set a $207.00 price target on Simon Property Group in a report on Tuesday, May 12th. Scotiabank upped their price target on Simon Property Group from $189.00 to $192.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 24th. Weiss Ratings upgraded Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and a consensus target price of $202.57.

Simon Property Group Trading Down 0.0%

SPG opened at $199.98 on Monday. Simon Property Group, Inc. has a one year low of $155.44 and a one year high of $208.28. The company has a market cap of $64.98 billion, a P/E ratio of 13.90, a PEG ratio of 3.62 and a beta of 1.33. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The business’s 50-day simple moving average is $195.27 and its 200-day simple moving average is $190.13.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 EPS 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 business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business posted $2.95 EPS. The business’s revenue for the quarter 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. As a group, equities research analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group declared that its board has approved a share repurchase plan on Thursday, February 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $2.25 dividend. 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. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is currently 61.15%.

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.