VIRGINIA RETIREMENT SYSTEMS ET Al Reduces Stake in Simon Property Group, Inc. $SPG

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its holdings in Simon Property Group, Inc. (NYSE:SPG) by 2.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 424,830 shares of the real estate investment trust’s stock after selling 9,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Simon Property Group were worth $78,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Simon Property Group by 15.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust’s stock worth $12,521,000 after acquiring an additional 8,965 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Simon Property Group in the 3rd quarter worth approximately $3,598,000. National Pension Service raised its position in shares of Simon Property Group by 3.2% in the 3rd quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock worth $202,743,000 after acquiring an additional 33,758 shares in the last quarter. Aew Capital Management L P raised its position in shares of Simon Property Group by 90.9% in 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 acquiring an additional 252,510 shares in the last quarter. Finally, Clark Capital Management Group Inc. raised its position in shares of Simon Property Group by 1.7% in 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 acquiring an additional 4,177 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

More Simon Property Group News

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

• Positive Sentiment: Simon Property Group delivered stronger-than-expected Q1 results, with FFO and revenue both topping estimates and operating metrics showing healthy occupancy and leasing demand. Simon Property (SPG) Q1 FFO and Revenues Top Estimates
• Positive Sentiment: The company raised its 2026 FFO guidance and boosted its quarterly dividend, signaling confidence in cash flow and capital returns. Can Simon Property Group (SPG) Keep Climbing After Strong Q1 Results?
• Positive Sentiment: Goldman Sachs reiterated a Buy rating and Stifel raised its price target on SPG, reflecting continued analyst optimism after the earnings beat. Analyst Reiterates Buy on Simon Property Group Amid Raised FFO Guidance and Resilient Operating Performance
• Neutral Sentiment: Stifel’s new $194 price target is still below the recent trading level, suggesting limited upside in the near term despite the firm’s unchanged Hold view. Simon Property Group (NYSE:SPG) Given New $194.00 Price Target at Stifel Nicolaus
• Negative Sentiment: A new risk note flagged Simon Property’s expanded share buybacks as potentially increasing capital allocation pressure, liquidity concerns, and refinancing risk. Simon Property’s Expanded Buybacks Raise Capital Allocation, Liquidity, and Refinancing Risks

Simon Property Group Stock Up 2.2%

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

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. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 118.05% and a net margin of 70.60%.The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities analysts predict that Simon Property Group, Inc. will post 13.19 EPS for the current fiscal year.

Simon Property Group announced that its board has initiated a stock buyback plan on Thursday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Simon Property Group Increases Dividend

The company also recently disclosed 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. 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. This represents a $9.00 annualized dividend and a dividend yield of 4.4%. Simon Property Group’s dividend payout ratio is presently 62.06%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SPG. Barclays increased their target price on Simon Property Group from $193.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Monday, April 13th. Weiss Ratings raised Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 4th. Citigroup increased their target price on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Piper Sandler reissued an “overweight” rating and issued a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Finally, Evercore set a $207.00 price objective on Simon Property Group in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $201.43.

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.