Simon Property Group, Inc. $SPG Position Reduced by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. decreased its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,050 shares of the real estate investment trust’s stock after selling 3,450 shares during the period. Staley Capital Advisers Inc.’s holdings in Simon Property Group were worth $8,895,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stance Capital LLC bought a new stake in Simon Property Group during the third quarter worth approximately $26,000. Atlantic Union Bankshares Corp raised its position in Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Tompkins Financial Corp bought a new stake in Simon Property Group in the fourth quarter worth about $42,000. Richardson Financial Services Inc. raised its position in Simon Property Group by 50.6% in the third quarter. Richardson Financial Services Inc. now owns 262 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 88 shares in the last quarter. Finally, Camelot Portfolios LLC bought a new stake in Simon Property Group in the fourth quarter worth about $53,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

NYSE SPG opened at $199.98 on Friday. The stock’s 50-day moving average price is $195.27 and its two-hundred day moving average price is $190.06. The company has a current ratio of 0.84, a quick ratio of 0.90 and a debt-to-equity ratio of 4.68. The company 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, Inc. has a 1 year low of $155.44 and a 1 year high of $208.28.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.76 billion for 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 revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $9.00 annualized dividend and a yield of 4.5%. Simon Property Group’s dividend payout ratio (DPR) is presently 61.15%.

Wall Street Analysts Forecast Growth

SPG has been the topic of several research reports. Evercore set a $207.00 price target on shares of Simon Property Group in a research report on Tuesday. Barclays boosted their price target on shares of 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 report on Monday, May 4th. Scotiabank upped their price target on Simon Property Group from $189.00 to $192.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus target price of $202.57.

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.