Simon Property Group, Inc. $SPG Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in Simon Property Group, Inc. (NYSE:SPG) by 195.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,732 shares of the real estate investment trust’s stock after buying an additional 98,357 shares during the quarter. Teacher Retirement System of Texas’ holdings in Simon Property Group were worth $27,532,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. HB Wealth Management LLC increased its stake in Simon Property Group by 6.2% in the 4th quarter. HB Wealth Management LLC now owns 7,607 shares of the real estate investment trust’s stock valued at $1,408,000 after purchasing an additional 443 shares in the last quarter. Caprock Group LLC increased its stake in Simon Property Group by 9.6% in the 4th quarter. Caprock Group LLC now owns 16,306 shares of the real estate investment trust’s stock valued at $3,019,000 after purchasing an additional 1,435 shares in the last quarter. KLP Kapitalforvaltning AS increased its stake in Simon Property Group by 1.2% in the 4th quarter. KLP Kapitalforvaltning AS now owns 188,842 shares of the real estate investment trust’s stock valued at $34,957,000 after purchasing an additional 2,300 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Simon Property Group by 0.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 415,608 shares of the real estate investment trust’s stock valued at $77,023,000 after purchasing an additional 3,632 shares in the last quarter. Finally, Novem Group increased its stake in Simon Property Group by 2.6% in the 4th quarter. Novem Group now owns 6,409 shares of the real estate investment trust’s stock valued at $1,186,000 after purchasing an additional 164 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPG has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a research note on Wednesday, April 8th. Evercore raised their price objective on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research note on Tuesday, February 3rd. Morgan Stanley set a $205.00 price objective on Simon Property Group in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Tuesday, January 20th. Finally, UBS Group increased their target price on Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $200.14.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $203.62 on Friday. The business’s fifty day moving average price is $194.89 and its two-hundred day moving average price is $187.62. The stock has a market cap of $66.17 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 6.63 and a beta of 1.37. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. Simon Property Group, Inc. has a one year low of $151.84 and a one year high of $208.28.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.Simon Property Group’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, analysts forecast that Simon Property Group, Inc. will post 13.19 EPS for the current fiscal year.

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

Simon Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group’s dividend payout ratio is currently 62.06%.

Simon Property Group 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.