Simon Property Group, Inc. $SPG Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its stake in Simon Property Group, Inc. (NYSE:SPG) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,371 shares of the real estate investment trust’s stock after acquiring an additional 3,595 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Simon Property Group were worth $6,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SPG. Stance Capital LLC acquired a new position in Simon Property Group in the third quarter valued at $26,000. Atlantic Union Bankshares Corp boosted its stake in 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 valued at $39,000 after acquiring an additional 123 shares in the last quarter. Tompkins Financial Corp acquired a new position in Simon Property Group in the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. boosted its stake in Simon Property Group by 79.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 111 shares in the last quarter. Finally, Camelot Portfolios LLC acquired a new position in Simon Property Group in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analyst Ratings Changes

SPG has been the subject of several research analyst reports. Evercore set a $207.00 price objective on shares of Simon Property Group in a research note on Tuesday, May 12th. Piper Sandler restated an “overweight” rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Scotiabank upped their price objective on shares of Simon Property Group from $192.00 to $206.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Barclays upped their price objective on shares of Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Simon Property Group presently has a consensus rating of “Hold” and a consensus target price of $205.57.

Simon Property Group Price Performance

Shares of SPG opened at $203.47 on Wednesday. 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 market capitalization of $65.98 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 3.67 and a beta of 1.31. The firm has a 50-day simple moving average of $198.10 and a 200-day simple moving average of $192.06. 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 announced its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm earned $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. On average, equities research analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 4.4%. 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 payout ratio is currently 61.15%.

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