Simon Property Group, Inc. $SPG Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC grew its position in Simon Property Group, Inc. (NYSE:SPG) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,645 shares of the real estate investment trust’s stock after purchasing an additional 4,000 shares during the quarter. Metis Global Partners LLC’s holdings in Simon Property Group were worth $16,779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Alteri Wealth LLC raised its holdings in shares of Simon Property Group by 6.7% in the 4th quarter. Alteri Wealth LLC now owns 3,861 shares of the real estate investment trust’s stock valued at $715,000 after purchasing an additional 241 shares in the last quarter. Westerkirk Capital Inc. raised its holdings in shares of Simon Property Group by 41.8% in the 4th quarter. Westerkirk Capital Inc. now owns 11,200 shares of the real estate investment trust’s stock valued at $2,073,000 after purchasing an additional 3,300 shares in the last quarter. Waddell & Associates LLC acquired a new stake in shares of Simon Property Group in the 4th quarter valued at $204,000. Fox Run Management L.L.C. acquired a new stake in shares of Simon Property Group in the 4th quarter valued at $1,610,000. Finally, TIAA Trust National Association raised its holdings in shares of Simon Property Group by 35.3% in the 4th quarter. TIAA Trust National Association now owns 2,401 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 627 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $213.35 on Thursday. The company’s fifty day moving average price is $201.83 and its 200 day moving average price is $193.35. Simon Property Group, Inc. has a 12 month low of $155.44 and a 12 month high of $214.63. 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 firm has a market capitalization of $69.19 billion, a P/E ratio of 14.83, a P/E/G ratio of 3.83 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. Simon Property Group’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, sell-side analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $2.25 dividend. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Truist Financial lifted their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Evercore set a $208.00 price target on shares of Simon Property Group in a research note on Monday. Scotiabank lifted their price target on shares of Simon Property Group from $192.00 to $206.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Citigroup lifted their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Barclays lifted their price target on shares of Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $205.79.

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.