Evolve Private Wealth LLC Purchases New Position in Simon Property Group, Inc. $SPG

Evolve Private Wealth LLC acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG) during the 4th quarter, Holdings Channel reports. The fund acquired 15,804 shares of the real estate investment trust’s stock, valued at approximately $2,925,000.

Other large investors have also recently bought and sold shares of the company. Capitolis Liquid Global Markets LLC acquired a new stake in Simon Property Group in the fourth quarter worth $5,183,000. Bamco Inc. NY increased its position in shares of Simon Property Group by 5.4% in the 4th quarter. Bamco Inc. NY now owns 252,790 shares of the real estate investment trust’s stock valued at $46,794,000 after buying an additional 13,035 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Simon Property Group by 524.6% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 59,453 shares of the real estate investment trust’s stock valued at $11,040,000 after buying an additional 49,934 shares in the last quarter. Bbfit Investments PTE Ltd. acquired a new stake in Simon Property Group during the 4th quarter worth $80,060,000. Finally, Boothbay Fund Management LLC lifted its holdings in Simon Property Group by 183.5% during the fourth quarter. Boothbay Fund Management LLC now owns 3,844 shares of the real estate investment trust’s stock worth $712,000 after acquiring an additional 2,488 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

NYSE SPG opened at $209.96 on Thursday. The firm’s 50 day moving average is $204.47 and its 200-day moving average is $194.42. 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 has a market capitalization of $68.09 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 3.89 and a beta of 1.31. Simon Property Group, Inc. has a 12-month low of $155.92 and a 12-month high of $220.43.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share 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 business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm earned $2.95 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share 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 issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is 62.54%.

Analyst Ratings Changes

A number of research analysts have issued reports on SPG shares. JPMorgan Chase & Co. boosted their target price on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Truist Financial lifted their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. Morgan Stanley raised their price objective on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Weiss Ratings raised shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Finally, Barclays increased their target price on Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and an average price target 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.