NewEdge Wealth LLC Has $2.09 Million Stock Holdings in Simon Property Group, Inc. $SPG

NewEdge Wealth LLC lifted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 40.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,266 shares of the real estate investment trust’s stock after buying an additional 3,230 shares during the period. NewEdge Wealth LLC’s holdings in Simon Property Group were worth $2,085,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SPG. Wellington Management Group LLP boosted its holdings in shares of Simon Property Group by 634.5% during the third 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 purchasing an additional 6,366,711 shares during the period. Capital World Investors boosted its holdings in shares of Simon Property Group by 45.0% during 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 purchasing an additional 2,600,508 shares during the period. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 844,190 shares during the period. Barclays PLC boosted its holdings in shares of Simon Property Group by 78.9% during the third quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock worth $207,158,000 after purchasing an additional 486,967 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Simon Property Group by 93.2% during the third quarter. AQR Capital Management LLC now owns 680,102 shares of the real estate investment trust’s stock worth $126,336,000 after purchasing an additional 328,116 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Key Simon Property Group News

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: Simon Property Group beat Q1 expectations on FFO and revenue, with occupancy holding at 96%, signaling solid demand for its premier mall portfolio. Simon Property (SPG) Q1 FFO and Revenues Top Estimates
• Positive Sentiment: The company raised its 2026 FFO guidance and increased its quarterly dividend by 2.3%, both of which are supportive for investor sentiment and income-focused holders. Simon Reports First Quarter 2026 Results, Increases Full Year 2026 Real Estate FFO Per Share Guidance and Raises Quarterly Dividend
• Positive Sentiment: Management said retailers are renewing leases earlier, suggesting healthy tenant demand and reinforcing the durability of Simon’s shopping center portfolio. Simon Property Group Sees Retailers Racing to Renew Leases
• Positive Sentiment: Goldman Sachs reiterated a Buy rating, and Stifel also lifted its price target, highlighting continued analyst optimism after the earnings update. Analyst Reiterates Buy on Simon Property Group Amid Raised FFO Guidance and Resilient Operating Performance
• Neutral Sentiment: Several commentaries argued that Simon Property remains a relatively safe place to invest in uncertain economic conditions, mainly due to its prime locations and diversified portfolio. Simon Property Group: The Place To Be When The Going Gets Tough
• Negative Sentiment: Stifel’s new $194 price target is below the current trading level, and its Hold rating suggests some upside may already be priced in after the recent run-up. Simon Property Group price target raised by Stifel Nicolaus

Simon Property Group Price Performance

NYSE SPG opened at $205.52 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. The stock has a market capitalization of $66.78 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 6.61 and a beta of 1.33. The company has a 50 day moving average price of $195.37 and a two-hundred day moving average price of $189.66. Simon Property Group, Inc. has a 12-month low of $155.44 and a 12-month high of $208.28.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a return on equity of 118.05% and a net margin of 70.60%.The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the firm earned $2.95 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities analysts predict that Simon Property Group, Inc. will post 13.19 earnings per share for the current fiscal year.

Simon Property Group announced that its Board of Directors has authorized a share buyback program on Thursday, February 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $2.25 dividend. The ex-dividend date is Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.4%. Simon Property Group’s dividend payout ratio is presently 62.06%.

Analysts Set New Price Targets

SPG has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Morgan Stanley set a $205.00 price objective on Simon Property Group in a research report on Friday, January 16th. Stifel Nicolaus lifted their price objective on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research report on Tuesday. Truist Financial lifted their price objective on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Finally, Barclays lifted their price objective on Simon Property Group from $193.00 to $201.00 and gave the company an “equal weight” rating in a research report on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating and ten have given 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 $201.43.

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.