ProShare Advisors LLC Boosts Stock Position in Simon Property Group, Inc. $SPG

ProShare Advisors LLC lifted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,808 shares of the real estate investment trust’s stock after purchasing an additional 3,804 shares during the quarter. ProShare Advisors LLC’s holdings in Simon Property Group were worth $12,737,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Embree Financial Group lifted its position in Simon Property Group by 2.4% in the fourth quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock worth $447,000 after buying an additional 56 shares during the last quarter. O ROURKE & COMPANY Inc lifted its position in Simon Property Group by 2.8% in the fourth quarter. O ROURKE & COMPANY Inc now owns 2,124 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 57 shares during the last quarter. Washington Trust Bank lifted its position in Simon Property Group by 3.5% in the fourth quarter. Washington Trust Bank now owns 1,776 shares of the real estate investment trust’s stock worth $329,000 after buying an additional 60 shares during the last quarter. Colonial Trust Co SC lifted its position in Simon Property Group by 25.7% in the third quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 65 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Simon Property Group by 4.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,582 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 65 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Performance

SPG stock opened at $205.11 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day moving average price of $195.87 and a 200 day moving average price of $190.90. The company has a market capitalization of $66.65 billion, a P/E ratio of 14.25, a PEG ratio of 3.69 and a beta of 1.33. Simon Property Group, Inc. has a 1-year low of $155.44 and a 1-year high of $208.28.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data 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. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group declared that its board has initiated a stock 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 buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors 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. Investors of record on Tuesday, June 9th will be issued a $2.25 dividend. The ex-dividend date 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 61.15%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SPG. Citigroup raised their price target on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. raised their price target on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Stifel Nicolaus raised their price target on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Finally, Evercore set a $207.00 price target on Simon Property Group in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $205.07.

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.