Boston Partners Has $444.82 Million Stake in Simon Property Group, Inc. $SPG

Boston Partners trimmed its position in Simon Property Group, Inc. (NYSE:SPG) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,403,041 shares of the real estate investment trust’s stock after selling 43,231 shares during the period. Boston Partners’ holdings in Simon Property Group were worth $444,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of SPG. Martingale Asset Management L P acquired a new position in Simon Property Group during the fourth quarter worth $469,000. Korea Investment CORP boosted its holdings in Simon Property Group by 46.8% during the fourth quarter. Korea Investment CORP now owns 241,111 shares of the real estate investment trust’s stock worth $44,632,000 after buying an additional 76,866 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Simon Property Group during the fourth quarter worth about $3,636,000. Wealthspire Advisors LLC boosted its holdings in Simon Property Group by 65.4% during the fourth quarter. Wealthspire Advisors LLC now owns 2,211 shares of the real estate investment trust’s stock worth $409,000 after buying an additional 874 shares during the last quarter. Finally, CI Investments Inc. raised its position in shares of Simon Property Group by 1,526.2% during the fourth quarter. CI Investments Inc. now owns 26,003 shares of the real estate investment trust’s stock worth $4,813,000 after purchasing an additional 24,404 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Trading Up 1.8%

Shares of SPG stock opened at $218.79 on Friday. The stock has a 50-day moving average of $203.01 and a 200-day moving average of $193.75. Simon Property Group, Inc. has a 1-year low of $155.44 and a 1-year high of $220.44. The stock has a market cap of $70.95 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 3.88 and a beta of 1.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping 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 business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm posted $2.95 earnings per share. The firm’s 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. On average, equities research analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current 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 issued a dividend of $2.25 per share. 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 4.1%. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Analyst Ratings Changes

SPG has been the topic of a number of research analyst reports. UBS Group raised their price target on Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Evercore set a $208.00 price target on Simon Property Group in a research report on Monday. Weiss Ratings lowered Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, June 1st. Citigroup boosted their target price on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Barclays boosted their price target on Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and an average target price of $205.79.

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.