2,792 Shares in Simon Property Group, Inc. $SPG Bought by Phoenix Financial Ltd.

Phoenix Financial Ltd. bought a new position in Simon Property Group, Inc. (NYSE:SPG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,792 shares of the real estate investment trust’s stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Donoghue Forlines LLC grew its position in Simon Property Group by 150.6% in the fourth quarter. Donoghue Forlines LLC now owns 20,799 shares of the real estate investment trust’s stock worth $3,850,000 after acquiring an additional 12,499 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Simon Property Group by 3.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 97,413 shares of the real estate investment trust’s stock valued at $18,032,000 after buying an additional 3,422 shares during the period. Arbejdsmarkedets Tillaegspension purchased a new stake in Simon Property Group during the fourth quarter valued at about $23,781,000. New York Life Investment Management LLC boosted its position in Simon Property Group by 1.0% during the fourth quarter. New York Life Investment Management LLC now owns 44,798 shares of the real estate investment trust’s stock valued at $8,293,000 after buying an additional 423 shares during the period. Finally, Pinnacle Associates Ltd. boosted its position in Simon Property Group by 11.7% during the fourth quarter. Pinnacle Associates Ltd. now owns 6,992 shares of the real estate investment trust’s stock valued at $1,294,000 after buying an additional 734 shares during the period. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPG has been the subject of several analyst reports. Stifel Nicolaus upped their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 4th. Barclays upped their price target on shares of Simon Property Group from $193.00 to $201.00 and gave the company an “equal weight” rating in a research report on Monday, April 13th. Citigroup upped their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and an average target price of $202.57.

Simon Property Group Stock Performance

Shares of NYSE:SPG opened at $199.98 on Friday. The company has a market cap of $64.98 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 3.62 and a beta of 1.33. The company has a 50-day moving average price of $195.27 and a 200-day moving average price of $190.06. The company has a current ratio of 0.84, a quick ratio of 0.90 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 $208.28.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.76 billion during 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 period 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. As a group, equities analysts anticipate 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. Stockholders of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.5%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s payout ratio is currently 61.15%.

Simon Property Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Simon Property Group Company 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.