Howard Capital Management Group LLC Sells 2,949 Shares of Simon Property Group, Inc. $SPG

Howard Capital Management Group LLC cut its position in Simon Property Group, Inc. (NYSE:SPG) by 66.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,490 shares of the real estate investment trust’s stock after selling 2,949 shares during the period. Howard Capital Management Group LLC’s holdings in Simon Property Group were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in shares of Simon Property Group by 68.8% during the 2nd quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock valued at $20,081,000 after purchasing an additional 50,932 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Simon Property Group by 15.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust’s stock worth $12,521,000 after purchasing an additional 8,965 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Simon Property Group during the 3rd quarter worth approximately $3,598,000. National Pension Service raised its holdings in Simon Property Group by 3.2% during the 3rd quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock worth $202,743,000 after buying an additional 33,758 shares during the period. Finally, Aew Capital Management L P raised its holdings in Simon Property Group by 90.9% during the 3rd quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock worth $99,494,000 after buying an additional 252,510 shares during the period. 93.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SPG shares. UBS Group upped their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Scotiabank raised their price objective on shares of Simon Property Group from $189.00 to $192.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 24th. Stifel Nicolaus boosted their price objective on shares of Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $199.57.

Simon Property Group Price Performance

Shares of SPG opened at $188.71 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $205.12. The stock has a market capitalization of $61.32 billion, a P/E ratio of 13.31, a P/E/G ratio of 6.20 and a beta of 1.37. The company has a 50 day moving average of $192.48 and a 200-day moving average of $185.97.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping the consensus estimate of $3.47 by $0.02. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, equities research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group announced that its board has initiated a share repurchase plan on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Simon Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Tuesday, March 10th. Simon Property Group’s dividend payout ratio is currently 62.06%.

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.