Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in Simon Property Group, Inc. $SPG

Northwestern Mutual Wealth Management Co. increased its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,371 shares of the real estate investment trust’s stock after purchasing an additional 3,595 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Simon Property Group were worth $6,733,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Huntington National Bank raised its holdings in Simon Property Group by 1.0% during the fourth quarter. Huntington National Bank now owns 69,331 shares of the real estate investment trust’s stock worth $12,834,000 after purchasing an additional 697 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Simon Property Group by 1.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 42,302 shares of the real estate investment trust’s stock worth $7,830,000 after purchasing an additional 736 shares in the last quarter. Geode Capital Management LLC raised its holdings in Simon Property Group by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after purchasing an additional 363,337 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in Simon Property Group by 6.2% during the fourth quarter. Fidelis Capital Partners LLC now owns 2,489 shares of the real estate investment trust’s stock worth $461,000 after purchasing an additional 145 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC raised its holdings in Simon Property Group by 0.4% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 52,277 shares of the real estate investment trust’s stock worth $9,677,000 after purchasing an additional 203 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Evercore set a $207.00 price target on shares of Simon Property Group in a report on Tuesday, May 12th. Stifel Nicolaus increased their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 18th. Finally, UBS Group increased their target price on shares of Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $205.57.

Simon Property Group Trading Up 0.4%

Shares of Simon Property Group stock opened at $203.47 on Wednesday. Simon Property Group, Inc. has a 12-month low of $155.44 and a 12-month high of $208.79. 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 stock has a market cap of $65.98 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 3.67 and a beta of 1.31. The company has a 50-day moving average of $198.10 and a two-hundred day moving average of $192.06.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the company posted $2.95 earnings per share. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, research analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.4%. 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 is 61.15%.

Simon Property Group announced that its board has approved a stock repurchase plan on Thursday, February 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.