TD Asset Management Inc Reduces Stock Holdings in Simon Property Group, Inc. $SPG

TD Asset Management Inc reduced its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 153,700 shares of the real estate investment trust’s stock after selling 15,947 shares during the quarter. TD Asset Management Inc’s holdings in Simon Property Group were worth $28,451,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Cibc World Market Inc. increased its holdings in Simon Property Group by 73.4% during the fourth quarter. Cibc World Market Inc. now owns 181,693 shares of the real estate investment trust’s stock valued at $33,633,000 after buying an additional 76,913 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Simon Property Group during the 4th quarter worth $281,000. Lido Advisors LLC grew its position in shares of Simon Property Group by 2.0% during the 4th quarter. Lido Advisors LLC now owns 17,111 shares of the real estate investment trust’s stock valued at $3,206,000 after acquiring an additional 332 shares during the period. CIBC Asset Management Inc increased its stake in shares of Simon Property Group by 79.2% in the 4th quarter. CIBC Asset Management Inc now owns 77,464 shares of the real estate investment trust’s stock worth $14,339,000 after purchasing an additional 34,246 shares in the last quarter. Finally, Marble Wealth LLC bought a new position in Simon Property Group in the 4th quarter worth $249,000. Institutional investors own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

SPG has been the subject of several recent research reports. Evercore set a $207.00 price target on Simon Property Group in a report on Tuesday, May 12th. Stifel Nicolaus raised their price objective on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Barclays lifted their price objective 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. UBS Group increased their target price 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Simon Property Group currently has an average rating of “Hold” and an average price target of $205.57.

Simon Property Group Stock Performance

NYSE SPG opened at $210.60 on Monday. The firm has a market cap of $68.30 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 3.80 and a beta of 1.31. 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 business has a 50-day moving average price of $200.08 and a 200-day moving average price of $192.71. Simon Property Group, Inc. has a twelve month low of $155.44 and a twelve month high of $211.23.

Simon Property Group (NYSE:SPG) last issued its earnings results 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. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company earned $2.95 EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities research analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $2.25 per share. The ex-dividend date is Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a dividend yield of 4.3%. Simon Property Group’s dividend payout ratio (DPR) is 62.54%.

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.