Fox Run Management L.L.C. Buys New Position in Simon Property Group, Inc. $SPG

Fox Run Management L.L.C. bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,695 shares of the real estate investment trust’s stock, valued at approximately $1,610,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stance Capital LLC bought a new stake in Simon Property Group during the 3rd quarter valued at approximately $26,000. Atlantic Union Bankshares Corp boosted its stake 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 valued at $39,000 after purchasing an additional 123 shares during the period. Tompkins Financial Corp bought a new stake in Simon Property Group during the 4th quarter valued at approximately $42,000. Cullen Frost Bankers Inc. boosted its stake in Simon Property Group by 79.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 111 shares during the period. Finally, Camelot Portfolios LLC bought a new stake in Simon Property Group during the 4th quarter valued at approximately $53,000. Institutional investors own 93.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on SPG shares. Evercore set a $208.00 price objective on Simon Property Group in a research report on Monday. Citigroup raised their price objective on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Stifel Nicolaus raised their price objective on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Scotiabank raised their price objective on Simon Property Group from $192.00 to $206.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings downgraded Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $205.64.

Simon Property Group Price Performance

Shares of SPG stock opened at $207.24 on Tuesday. The stock has a 50 day moving average of $200.58 and a two-hundred day moving average of $192.89. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 12 month low of $155.44 and a 12 month high of $211.68. The company has a market capitalization of $67.21 billion, a P/E ratio of 14.40, a P/E/G ratio of 3.80 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.Simon Property Group’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $2.25 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.3%. Simon Property Group’s dividend payout ratio is 61.15%.

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.