SG Americas Securities LLC Grows Stock Holdings in Simon Property Group, Inc. $SPG

SG Americas Securities LLC increased its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 6.2% in the first quarter, HoldingsChannel.com reports. The firm owned 223,593 shares of the real estate investment trust’s stock after acquiring an additional 13,066 shares during the quarter. SG Americas Securities LLC’s holdings in Simon Property Group were worth $41,707,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Stance Capital LLC purchased a new stake in Simon Property Group during the 3rd quarter worth about $26,000. Wilkerson Advisory Group LLC purchased a new stake in Simon Property Group during the fourth quarter worth approximately $29,000. SHP Wealth Management acquired a new position in Simon Property Group in the fourth quarter valued at approximately $34,000. Tompkins Financial Corp acquired a new position in Simon Property Group in the fourth quarter valued at approximately $42,000. Finally, Cullen Frost Bankers Inc. increased its stake in Simon Property Group by 79.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

NYSE SPG opened at $216.86 on Wednesday. The firm has a market cap of $70.33 billion, a P/E ratio of 15.07, a P/E/G ratio of 3.88 and a beta of 1.31. Simon Property Group, Inc. has a 52-week low of $157.05 and a 52-week high of $220.43. The business’s 50-day moving average price is $205.87 and its 200 day moving average price is $195.25. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the firm earned $2.95 EPS. The firm’s revenue for the quarter 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 expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $2.25 dividend. The ex-dividend date is Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. Simon Property Group’s payout ratio is 62.54%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Truist Financial boosted their price target on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research report on Tuesday. Stifel Nicolaus upped their price objective on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. Finally, UBS Group set a $220.00 target price on Simon Property Group in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $209.64.

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.