North Dakota State Investment Board Acquires Shares of 11,109 Simon Property Group, Inc. $SPG

North Dakota State Investment Board acquired a new stake in Simon Property Group, Inc. (NYSE:SPG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,109 shares of the real estate investment trust’s stock, valued at approximately $2,056,000.

Several other large investors also recently bought and sold shares of SPG. Elyxium Wealth LLC acquired a new stake in shares of Simon Property Group during the fourth quarter worth about $73,000. L & S Advisors Inc acquired a new stake in shares of Simon Property Group during the fourth quarter worth about $4,058,000. Soltis Investment Advisors LLC boosted its stake in shares of Simon Property Group by 5.3% during the fourth quarter. Soltis Investment Advisors LLC now owns 25,079 shares of the real estate investment trust’s stock worth $4,642,000 after buying an additional 1,260 shares during the period. Canada Post Corp Registered Pension Plan boosted its stake in shares of Simon Property Group by 27.7% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 16,258 shares of the real estate investment trust’s stock worth $3,010,000 after buying an additional 3,530 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in shares of Simon Property Group during the fourth quarter worth about $208,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SPG. Citigroup increased their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 4th. Truist Financial increased their target price on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Tuesday, January 20th. Finally, Barclays increased their target price on shares of Simon Property Group from $193.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and an average target price of $203.29.

Simon Property Group Trading Up 0.1%

NYSE SPG opened at $200.14 on Tuesday. The stock has a market capitalization of $65.04 billion, a P/E ratio of 13.91, a P/E/G ratio of 3.62 and a beta of 1.33. Simon Property Group, Inc. has a 52-week low of $155.44 and a 52-week high of $208.28. The firm has a 50-day moving average price of $195.25 and a 200 day moving average price of $190.29. 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 posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.76 billion during 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 for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities research analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued 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 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s dividend payout ratio is currently 61.15%.

Simon Property Group declared that its board has initiated a stock repurchase program on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

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.