Simon Property Group, Inc. $SPG Holdings Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 3.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 97,413 shares of the real estate investment trust’s stock after buying an additional 3,422 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Simon Property Group were worth $18,032,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings 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 valued at $1,383,145,000 after buying an additional 6,366,711 shares during the period. Capital World Investors raised its position in 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 worth $1,573,450,000 after acquiring an additional 2,600,508 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Simon Property Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after acquiring an additional 844,190 shares during the last quarter. Barclays PLC boosted its position in shares of Simon Property Group by 78.9% during the 3rd quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock valued at $207,158,000 after purchasing an additional 486,967 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Simon Property Group by 93.2% during the 3rd quarter. AQR Capital Management LLC now owns 680,102 shares of the real estate investment trust’s stock valued at $126,336,000 after purchasing an additional 328,116 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPG. Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Tuesday, January 20th. JPMorgan Chase & Co. upped their price target on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Evercore set a $207.00 price objective on Simon Property Group in a research report on Tuesday, May 12th. UBS Group raised their price objective on Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Citigroup boosted their target price on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $203.29.

Simon Property Group Trading Up 0.1%

Shares of NYSE:SPG opened at $200.14 on Tuesday. The firm has a fifty day moving average of $195.25 and a two-hundred day moving average of $190.29. The firm has a market capitalization of $65.04 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 3.62 and a beta of 1.33. Simon Property Group, Inc. has a 12-month low of $155.44 and a 12-month high of $208.28. 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 announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations 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 previous year, the business posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $2.25 dividend. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 annualized dividend and a yield of 4.5%. Simon Property Group’s payout ratio is 61.15%.

Simon Property Group declared that its Board of Directors has approved a stock buyback program on Thursday, February 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.