Capital World Investors Grows Position in Simon Property Group, Inc. $SPG

Capital World Investors grew its holdings in Simon Property Group, Inc. (NYSE:SPG) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,610,404 shares of the real estate investment trust’s stock after acquiring an additional 226,271 shares during the period. Capital World Investors’ holdings in Simon Property Group were worth $1,593,872,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Ontario Teachers Pension Plan Board purchased a new position in shares of Simon Property Group in the third quarter valued at about $3,598,000. Clark Capital Management Group Inc. lifted its position in shares of Simon Property Group by 1.7% in the third quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock valued at $46,361,000 after acquiring an additional 4,177 shares in the last quarter. Aew Capital Management L P lifted its position in shares of Simon Property Group by 90.9% in the third quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock valued at $99,494,000 after acquiring an additional 252,510 shares in the last quarter. Varma Mutual Pension Insurance Co lifted its position in shares of Simon Property Group by 8.6% in the third quarter. Varma Mutual Pension Insurance Co now owns 82,349 shares of the real estate investment trust’s stock valued at $15,454,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan lifted its position in shares of Simon Property Group by 292.1% in the third quarter. Canada Post Corp Registered Pension Plan now owns 12,728 shares of the real estate investment trust’s stock valued at $2,365,000 after acquiring an additional 9,482 shares in the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Price Performance

NYSE:SPG opened at $210.60 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $68.30 billion, a P/E ratio of 14.64, a P/E/G ratio of 3.80 and a beta of 1.31. Simon Property Group, Inc. has a 12 month low of $155.44 and a 12 month high of $211.23. The business’s 50-day moving average is $200.08 and its 200 day moving average is $192.63.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $2.95 earnings per share. 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 fiscal year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. 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. This represents a $9.00 annualized dividend and a yield of 4.3%. Simon Property Group’s payout ratio is presently 61.15%.

Analyst Ratings Changes

SPG has been the topic of several research analyst reports. UBS Group boosted their price objective on Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Weiss Ratings downgraded Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Scotiabank boosted their target price on Simon Property Group from $192.00 to $206.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Evercore set a $207.00 target price on Simon Property Group in a research report on Tuesday, May 12th. Finally, Barclays boosted their target price on Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $205.57.

About Simon Property Group

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.