Simon Property Group, Inc. $SPG Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in Simon Property Group, Inc. (NYSE:SPG) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 152,698 shares of the real estate investment trust’s stock after purchasing an additional 3,716 shares during the period. Handelsbanken Fonder AB’s holdings in Simon Property Group were worth $28,266,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new stake in Simon Property Group in the 3rd quarter valued at approximately $26,000. Atlantic Union Bankshares Corp grew its stake in shares of Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Tompkins Financial Corp acquired a new position in shares of Simon Property Group in the fourth quarter worth $42,000. Camelot Portfolios LLC acquired a new position in shares of Simon Property Group in the fourth quarter worth $53,000. Finally, Aventura Private Wealth LLC acquired a new position in shares of Simon Property Group in the fourth quarter worth $58,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of SPG opened at $200.84 on Wednesday. Simon Property Group, Inc. has a 1-year low of $155.44 and a 1-year high of $208.28. The stock has a market cap of $65.26 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 3.62 and a beta of 1.33. 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 firm has a fifty day moving average price of $195.38 and a 200 day moving average price of $190.48.

Simon Property Group (NYSE:SPG) last announced its earnings results 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 net margin of 70.60% and a return on equity of 104.54%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company earned $2.95 earnings per share. The business’s 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. As a group, sell-side analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 61.15%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup boosted their price target 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, May 14th. Barclays boosted their price target on shares of Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Scotiabank lifted their price objective on shares of Simon Property Group from $192.00 to $206.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Stifel Nicolaus lifted their price objective on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $205.07.

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.