Sargent Investment Group LLC Invests $740,000 in Simon Property Group, Inc. $SPG

Sargent Investment Group LLC acquired a new position in Simon Property Group, Inc. (NYSE:SPG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,998 shares of the real estate investment trust’s stock, valued at approximately $740,000.

Several other hedge funds have also recently made changes to their positions in the business. Great Valley Advisor Group Inc. raised its position in shares of Simon Property Group by 2.3% in the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after acquiring an additional 52 shares in the last quarter. Veridan Wealth LLC raised its position in shares of Simon Property Group by 1.2% in the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after acquiring an additional 53 shares in the last quarter. CYBER HORNET ETFs LLC raised its position in shares of Simon Property Group by 6.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 55 shares in the last quarter. Embree Financial Group raised its position in shares of Simon Property Group by 2.4% in the 4th quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock worth $447,000 after acquiring an additional 56 shares in the last quarter. Finally, O ROURKE & COMPANY Inc raised its position in shares of Simon Property Group by 2.8% in the 4th quarter. O ROURKE & COMPANY Inc now owns 2,124 shares of the real estate investment trust’s stock worth $393,000 after acquiring an additional 57 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SPG shares. Barclays boosted their target price on Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Truist Financial boosted their target price on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings lowered Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Evercore set a $208.00 target price on Simon Property Group in a research report on Monday, June 8th. Finally, JPMorgan Chase & Co. boosted their target price on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and an average target price of $205.79.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $215.12 on Tuesday. Simon Property Group, Inc. has a one year low of $155.92 and a one year high of $220.43. The firm has a market capitalization of $69.76 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 3.96 and a beta of 1.31. The business has a 50-day simple moving average of $203.54 and a 200 day simple moving average of $194.04. 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 (NYSE:SPG) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, research analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

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.