Daiwa Securities Group Inc. Has $301.17 Million Holdings in Simon Property Group, Inc. $SPG

Daiwa Securities Group Inc. trimmed its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,626,959 shares of the real estate investment trust’s stock after selling 234,587 shares during the quarter. Simon Property Group comprises 1.0% of Daiwa Securities Group Inc.’s portfolio, making the stock its 20th biggest holding. Daiwa Securities Group Inc.’s holdings in Simon Property Group were worth $301,166,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Stance Capital LLC acquired a new stake in shares of Simon Property Group in the third quarter worth about $26,000. Atlantic Union Bankshares Corp boosted its stake in Simon Property Group by 143.0% during the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 123 shares in the last quarter. Tompkins Financial Corp acquired a new stake in Simon Property Group during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. boosted its position in shares of Simon Property Group by 79.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 111 shares in the last quarter. Finally, Camelot Portfolios LLC bought a new stake in Simon Property Group in the fourth quarter valued at about $53,000. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Price Performance

NYSE:SPG opened at $206.22 on Friday. The firm has a market cap of $66.88 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 3.68 and a beta of 1.31. Simon Property Group, Inc. has a 12 month low of $155.44 and a 12 month high of $208.79. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The company’s 50-day moving average price is $199.50 and its two-hundred day moving average price is $192.51.

Simon Property Group (NYSE:SPG) last posted its 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. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company posted $2.95 earnings per share. Simon Property Group’s quarterly 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. On average, equities analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group declared that its board has initiated a stock repurchase program on Thursday, February 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.4%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s dividend payout ratio is 62.54%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SPG. UBS Group increased their price target on shares of Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Scotiabank upped their price objective on Simon Property Group from $192.00 to $206.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Stifel Nicolaus increased their target price on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Truist Financial raised their target price on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday. Five research 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 an average rating of “Hold” and a consensus price target of $205.57.

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.