Simon Property Group, Inc. (SPG) To Go Ex-Dividend on June 9th

Simon Property Group, Inc. (NYSE:SPG) declared a quarterly dividend on Monday, May 11th. Shareholders of record on Tuesday, June 9th will be paid a dividend of 2.25 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 9th. This is a 2.3% increase from Simon Property Group’s previous quarterly dividend of $2.20.

Simon Property Group has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Simon Property Group has a payout ratio of 131.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Simon Property Group to earn $13.63 per share next year, which means the company should continue to be able to cover its $9.00 annual dividend with an expected future payout ratio of 66.0%.

Simon Property Group Stock Up 2.1%

Shares of NYSE SPG opened at $210.60 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The company has a market cap of $68.30 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 3.80 and a beta of 1.31. Simon Property Group has a 12 month low of $155.44 and a 12 month high of $211.23. The stock has a 50-day moving average price of $200.08 and a two-hundred day moving average price of $192.63.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping 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 business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, analysts forecast that Simon Property Group will post 13.2 earnings per share for the current fiscal year.

Institutional Trading of Simon Property Group

Institutional investors have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board bought a new stake in Simon Property Group in the third quarter valued at approximately $3,598,000. Clark Capital Management Group Inc. boosted its holdings in Simon Property Group by 1.7% in the third quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock valued at $46,361,000 after acquiring an additional 4,177 shares during the last quarter. Aew Capital Management L P boosted its holdings in Simon Property Group by 90.9% in the third quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock valued at $99,494,000 after acquiring an additional 252,510 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its holdings in Simon Property Group by 8.6% in the third quarter. Varma Mutual Pension Insurance Co now owns 82,349 shares of the real estate investment trust’s stock valued at $15,454,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan boosted its holdings in Simon Property Group by 292.1% in the third quarter. Canada Post Corp Registered Pension Plan now owns 12,728 shares of the real estate investment trust’s stock valued at $2,365,000 after acquiring an additional 9,482 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

About Simon Property Group

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.