Northwestern Mutual Wealth Management Co. Purchases 435,721 Shares of Simon Property Group, Inc. $SPG

Northwestern Mutual Wealth Management Co. raised its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 1,329.4% in the fourth quarter, Holdings Channel reports. The fund owned 468,497 shares of the real estate investment trust’s stock after buying an additional 435,721 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Simon Property Group were worth $86,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Phoenix Financial Ltd. bought a new stake in Simon Property Group during the fourth quarter valued at about $516,000. Donoghue Forlines LLC boosted its holdings in Simon Property Group by 150.6% during the fourth quarter. Donoghue Forlines LLC now owns 20,799 shares of the real estate investment trust’s stock valued at $3,850,000 after acquiring an additional 12,499 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Simon Property Group by 3.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 97,413 shares of the real estate investment trust’s stock valued at $18,032,000 after acquiring an additional 3,422 shares during the period. Arbejdsmarkedets Tillaegspension bought a new stake in Simon Property Group during the fourth quarter valued at about $23,781,000. Finally, New York Life Investment Management LLC boosted its holdings in Simon Property Group by 1.0% during the fourth quarter. New York Life Investment Management LLC now owns 44,798 shares of the real estate investment trust’s stock valued at $8,293,000 after acquiring an additional 423 shares during the period. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Down 0.0%

NYSE SPG opened at $199.98 on Monday. 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 firm has a 50-day simple moving average of $195.27 and a 200 day simple moving average of $190.13. Simon Property Group, Inc. has a twelve month low of $155.44 and a twelve month high of $208.28. The stock has a market cap of $64.98 billion, a PE ratio of 13.90, a PEG ratio of 3.62 and a beta of 1.33.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.54 billion. During the same quarter last year, the company earned $2.95 earnings per share. 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. On average, research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current year.

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

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.5%. 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. Simon Property Group’s dividend payout ratio (DPR) is currently 61.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Scotiabank increased their target price on shares of Simon Property Group from $189.00 to $192.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 24th. JPMorgan Chase & Co. increased their target price on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Piper Sandler reiterated an “overweight” rating and issued a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Finally, Barclays increased their target price on shares of Simon Property Group from $193.00 to $201.00 and gave the company an “equal weight” rating in a research note on Monday, April 13th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $202.57.

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.