Simon Property Group, Inc. $SPG Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its stake in Simon Property Group, Inc. (NYSE:SPG) by 36.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,747 shares of the real estate investment trust’s stock after selling 7,926 shares during the period. Intech Investment Management LLC’s holdings in Simon Property Group were worth $2,545,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board acquired a new position in Simon Property Group during the 3rd quarter worth approximately $3,598,000. Clark Capital Management Group Inc. increased its position in Simon Property Group by 1.7% during the 3rd quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock worth $46,361,000 after purchasing an additional 4,177 shares during the period. Aew Capital Management L P increased its position in Simon Property Group by 90.9% during the 3rd quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock worth $99,494,000 after purchasing an additional 252,510 shares during the period. Varma Mutual Pension Insurance Co increased its position in Simon Property Group by 8.6% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,349 shares of the real estate investment trust’s stock worth $15,454,000 after purchasing an additional 6,500 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Simon Property Group by 7.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 76,322 shares of the real estate investment trust’s stock worth $14,239,000 after purchasing an additional 5,399 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Price Performance

SPG stock opened at $203.47 on Wednesday. Simon Property Group, Inc. has a 1 year low of $155.44 and a 1 year high of $208.79. 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 stock’s 50 day moving average price is $198.10 and its 200 day moving average price is $192.06. The firm has a market cap of $65.98 billion, a P/E ratio of 14.14, a PEG ratio of 3.67 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the company earned $2.95 EPS. Simon Property Group’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. On average, sell-side analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group announced that its board has initiated a share repurchase plan on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 4.4%. The ex-dividend date of this dividend is Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is currently 61.15%.

Wall Street Analysts Forecast Growth

SPG has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday. Truist Financial boosted their target price on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Piper Sandler restated an “overweight” rating and issued a $230.00 price target (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Barclays upped their price target on Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Finally, Stifel Nicolaus upped their price target on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $205.57.

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.