Deutsche Bank AG Decreases Stock Holdings in Simon Property Group, Inc. $SPG

Deutsche Bank AG lowered its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,620,162 shares of the real estate investment trust’s stock after selling 383,360 shares during the period. Deutsche Bank AG’s holdings in Simon Property Group were worth $485,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Alteri Wealth LLC boosted its holdings in Simon Property Group by 6.7% during the fourth quarter. Alteri Wealth LLC now owns 3,861 shares of the real estate investment trust’s stock worth $715,000 after buying an additional 241 shares in the last quarter. Westerkirk Capital Inc. boosted its holdings in Simon Property Group by 41.8% during the fourth quarter. Westerkirk Capital Inc. now owns 11,200 shares of the real estate investment trust’s stock worth $2,073,000 after buying an additional 3,300 shares in the last quarter. Waddell & Associates LLC purchased a new stake in Simon Property Group during the fourth quarter worth about $204,000. Fox Run Management L.L.C. purchased a new stake in Simon Property Group during the fourth quarter worth about $1,610,000. Finally, TIAA Trust National Association boosted its holdings in Simon Property Group by 35.3% during the fourth quarter. TIAA Trust National Association now owns 2,401 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 627 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

Shares of SPG opened at $213.35 on Thursday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $69.19 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 3.83 and a beta of 1.31. The company’s 50 day simple moving average is $201.83 and its 200 day simple moving average is $193.35. Simon Property Group, Inc. has a 1 year low of $155.44 and a 1 year high of $214.63.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, sell-side analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a dividend yield of 4.2%. Simon Property Group’s payout ratio is currently 62.54%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SPG. UBS Group boosted their price objective on shares of Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Stifel Nicolaus lifted their target price 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. Evercore set a $208.00 target price on shares of Simon Property Group in a research report on Monday. Weiss Ratings cut shares of Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Finally, Morgan Stanley lifted their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and an average price target of $205.79.

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.