Nuveen LLC Lowers Position in Simon Property Group, Inc. $SPG

Nuveen LLC reduced its stake in Simon Property Group, Inc. (NYSE:SPG) by 15.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,701,151 shares of the real estate investment trust’s stock after selling 694,367 shares during the quarter. Nuveen LLC owned approximately 1.13% of Simon Property Group worth $685,120,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Stance Capital LLC bought a new position in Simon Property Group in the 3rd quarter valued at $26,000. Tompkins Financial Corp bought a new position in Simon Property Group in the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. grew its stake in Simon Property Group by 79.3% in the 4th 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 period. Camelot Portfolios LLC bought a new position in Simon Property Group in the 4th quarter valued at $53,000. Finally, Aventura Private Wealth LLC bought a new position in Simon Property Group in the 4th quarter valued at $58,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Up 0.9%

SPG stock opened at $214.79 on Friday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $69.65 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 3.85 and a beta of 1.31. Simon Property Group, Inc. has a fifty-two week low of $155.44 and a fifty-two week high of $216.28. The stock has a fifty day moving average of $202.40 and a 200-day moving average of $193.57.

Simon Property Group (NYSE:SPG) last posted 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 company had revenue of $1.76 billion during 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 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 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities research analysts predict 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. Stockholders of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.2%. 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 currently 62.54%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPG. Weiss Ratings downgraded Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, June 1st. Evercore set a $208.00 price objective on Simon Property Group in a research note on Monday. Truist Financial upped their price objective on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. upped their price objective 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. Finally, Scotiabank upped their price objective on Simon Property Group from $192.00 to $206.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $205.79.

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.