National Pension Service Acquires 201,552 Shares of Simon Property Group, Inc. $SPG

National Pension Service raised its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 18.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,281,866 shares of the real estate investment trust’s stock after acquiring an additional 201,552 shares during the quarter. National Pension Service’s holdings in Simon Property Group were worth $237,286,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Simon Property Group by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock valued at $8,694,610,000 after purchasing an additional 286,464 shares in the last quarter. State Street Corp grew its stake in Simon Property Group by 1.5% in the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock valued at $4,084,730,000 after purchasing an additional 312,995 shares in the last quarter. Geode Capital Management LLC grew its stake in Simon Property Group by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock valued at $1,950,967,000 after purchasing an additional 363,337 shares in the last quarter. Capital World Investors grew its stake in Simon Property Group by 45.0% in the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock valued at $1,573,450,000 after purchasing an additional 2,600,508 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Simon Property Group by 634.5% in the third quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock valued at $1,383,145,000 after purchasing an additional 6,366,711 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on SPG shares. Stifel Nicolaus raised their price target on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Barclays raised 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. Citigroup raised their price target on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. Finally, UBS Group raised their price target on Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $205.07.

Simon Property Group Stock Performance

NYSE:SPG opened at $204.52 on Friday. The stock has a market cap of $66.32 billion, a P/E ratio of 14.21, a PEG ratio of 3.74 and a beta of 1.33. The stock has a 50 day simple moving average of $197.87 and a 200 day simple moving average of $191.87. 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, Inc. has a 1-year low of $155.44 and a 1-year high of $208.79.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the firm posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Research analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is 62.54%.

Simon Property Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.