Westerkirk Capital Inc. Buys 3,300 Shares of Simon Property Group, Inc. $SPG

Westerkirk Capital Inc. grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 41.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,200 shares of the real estate investment trust’s stock after acquiring an additional 3,300 shares during the period. Westerkirk Capital Inc.’s holdings in Simon Property Group were worth $2,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of 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 worth $8,694,610,000 after acquiring an additional 286,464 shares during the last quarter. State Street Corp raised its stake in shares of 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 worth $4,084,730,000 after acquiring an additional 312,995 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 worth $1,950,967,000 after acquiring an additional 363,337 shares during the last quarter. Capital World Investors raised its stake in shares of Simon Property Group by 2.7% in the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock worth $1,593,872,000 after acquiring an additional 226,271 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of 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 worth $1,383,145,000 after acquiring an additional 6,366,711 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SPG. Evercore set a $208.00 price target on shares of Simon Property Group in a research note on Monday. JPMorgan Chase & Co. boosted their price target 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. Truist Financial boosted their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Citigroup boosted their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, UBS Group boosted their price target on shares of Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Simon Property Group presently has a consensus rating of “Hold” and an average target price of $205.64.

Simon Property Group Stock Down 1.5%

Simon Property Group stock opened at $207.24 on Tuesday. The stock has a market capitalization of $67.21 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 3.80 and a beta of 1.31. Simon Property Group, Inc. has a twelve month low of $155.44 and a twelve month high of $211.68. 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 50 day moving average of $200.58 and a 200-day moving average of $192.89.

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, beating the consensus estimate of $1.46 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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 anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The firm 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 $2.25 dividend. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s payout ratio is presently 61.15%.

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.