Simon Property Group, Inc. $SPG Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 7.4% during the 4th quarter, Holdings Channel reports. The fund owned 72,856 shares of the real estate investment trust’s stock after acquiring an additional 5,005 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Simon Property Group were worth $13,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board acquired a new position in shares of Simon Property Group in the third quarter valued at approximately $3,598,000. Clark Capital Management Group Inc. lifted its stake in shares of Simon Property Group by 1.7% during the third quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock valued at $46,361,000 after buying an additional 4,177 shares during the period. Aew Capital Management L P boosted its position in Simon Property Group by 90.9% during the third quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock worth $99,494,000 after acquiring an additional 252,510 shares during the last quarter. Varma Mutual Pension Insurance Co grew its stake in Simon Property Group by 8.6% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,349 shares of the real estate investment trust’s stock worth $15,454,000 after acquiring an additional 6,500 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Simon Property Group by 5.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 383,719 shares of the real estate investment trust’s stock worth $72,013,000 after acquiring an additional 18,652 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

Shares of NYSE:SPG opened at $211.79 on Wednesday. The business has a 50-day moving average of $201.22 and a two-hundred day moving average of $193.12. The firm has a market capitalization of $68.68 billion, a PE ratio of 14.72, a P/E/G ratio of 3.75 and a beta of 1.31. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. Simon Property Group, Inc. has a 12 month low of $155.44 and a 12 month high of $213.08.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company posted $2.95 EPS. The company’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, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid 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 4.2%. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s payout ratio is presently 61.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPG. Truist Financial increased their price target on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Barclays upped their target price on 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. Citigroup increased their target price 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 target on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Finally, Evercore set a $208.00 price objective on shares of Simon Property Group in a research note on Monday. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and a consensus target price of $205.79.

Simon Property Group 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.