Eurizon Capital SGR S.p.A. Invests $7.11 Million in Simon Property Group, Inc. $SPG

Eurizon Capital SGR S.p.A. purchased a new position in Simon Property Group, Inc. (NYSE:SPG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 38,398 shares of the real estate investment trust’s stock, valued at approximately $7,113,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stance Capital LLC bought a new position in shares of Simon Property Group in the third quarter worth $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 purchasing an additional 123 shares in the last quarter. Tompkins Financial Corp bought a new position in shares of Simon Property Group in the fourth quarter worth $42,000. Cullen Frost Bankers Inc. grew its stake in shares of 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 worth $46,000 after purchasing an additional 111 shares in the last quarter. Finally, Camelot Portfolios LLC bought a new position in shares of Simon Property Group in the fourth quarter worth $53,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Down 1.0%

NYSE:SPG opened at $202.77 on Tuesday. 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, Inc. has a 1-year low of $155.44 and a 1-year high of $208.79. The firm has a market capitalization of $65.76 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 3.71 and a beta of 1.33. The stock has a fifty day simple moving average of $198.10 and a 200 day simple moving average of $192.06.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results 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 business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the company posted $2.95 EPS. Simon Property Group’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. Sell-side analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

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

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $2.25 dividend. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.4%. Simon Property Group’s dividend payout ratio is 62.54%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SPG. Evercore set a $207.00 target price on Simon Property Group in a research note on Tuesday, May 12th. Citigroup raised their target price on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. raised their target price on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday. Stifel Nicolaus raised their target price on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings raised 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 given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and a consensus target price of $205.57.

About Simon Property Group

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.