Ghe LLC Takes Position in Simon Property Group, Inc. $SPG

Ghe LLC bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,756 shares of the real estate investment trust’s stock, valued at approximately $510,000.

Several other large investors have also recently made changes to their positions in SPG. Stance Capital LLC purchased a new position in shares of Simon Property Group during the third quarter valued at approximately $26,000. Atlantic Union Bankshares Corp lifted its holdings in shares of Simon Property Group by 143.0% during the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Tompkins Financial Corp purchased a new position in shares of Simon Property Group during the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Simon Property Group by 79.3% during 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. Finally, Camelot Portfolios LLC purchased a new position in shares of Simon Property Group during the fourth quarter valued at approximately $53,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Trading Up 1.3%

NYSE:SPG opened at $207.03 on Wednesday. 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, Inc. has a 12 month low of $155.44 and a 12 month high of $208.28. The company has a market cap of $67.28 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 3.70 and a beta of 1.33. The company has a 50 day simple moving average of $196.92 and a two-hundred day simple moving average of $191.44.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 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 business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm posted $2.95 EPS. The firm’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. Research analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group announced that its board has approved a share repurchase program on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.3%. Simon Property Group’s payout ratio is presently 62.54%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Evercore set a $207.00 price objective on shares of Simon Property Group in a report on Tuesday, May 12th. JPMorgan Chase & Co. boosted their price objective on shares of Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. UBS Group boosted their price objective on shares of Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Finally, Barclays boosted 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and an average target price of $205.07.

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.