Russell Investments Group Ltd. Sells 235,598 Shares of Simon Property Group, Inc. $SPG

Russell Investments Group Ltd. trimmed its stake in Simon Property Group, Inc. (NYSE:SPG) by 19.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 984,398 shares of the real estate investment trust’s stock after selling 235,598 shares during the period. Russell Investments Group Ltd.’s holdings in Simon Property Group were worth $182,312,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SPG. Wellington Management Group LLP lifted its holdings in Simon Property Group by 634.5% during the 3rd 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 buying an additional 6,366,711 shares during the period. Norges Bank acquired a new stake in shares of Simon Property Group in the fourth quarter valued at about $1,112,111,000. Capital World Investors increased its stake in shares of 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 buying an additional 2,600,508 shares during the period. Vanguard Group Inc. raised its position in shares of Simon Property Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock worth $8,761,093,000 after acquiring an additional 844,190 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Simon Property Group by 78.9% in the third quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock worth $207,158,000 after acquiring an additional 486,967 shares during the period. 93.01% of the stock is owned by institutional investors.

Simon Property Group Trading Down 0.2%

SPG opened at $215.30 on Wednesday. The company has a fifty day moving average price of $204.07 and a two-hundred day moving average price of $194.25. Simon Property Group, Inc. has a 1-year low of $155.92 and a 1-year high of $220.43. The company has a market cap of $69.82 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 3.90 and a beta of 1.31. 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 (NYSE:SPG) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm earned $2.95 EPS. The business’s revenue 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. Analysts predict that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company 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 $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s payout ratio is 62.54%.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley upped their target price on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. UBS Group upped their price objective on shares of Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Finally, Evercore set a $208.00 target price on shares of Simon Property Group in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and an average price target of $205.79.

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.