3,509 Shares in Simon Property Group, Inc. $SPG Bought by MQS Management LLC

MQS Management LLC purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the first quarter, HoldingsChannel reports. The fund purchased 3,509 shares of the real estate investment trust’s stock, valued at approximately $655,000.

Several other institutional investors have also bought and sold shares of SPG. Stance Capital LLC purchased a new position in shares of Simon Property Group in the 3rd quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Simon Property Group during the 4th quarter valued at about $29,000. SHP Wealth Management purchased a new stake in shares of Simon Property Group during the 4th quarter valued at about $34,000. Tompkins Financial Corp bought a new position in shares of Simon Property Group in the 4th quarter valued at about $42,000. Finally, Cullen Frost Bankers Inc. grew its position in Simon Property Group by 79.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Down 1.6%

Shares of SPG opened at $223.85 on Wednesday. The firm has a fifty day moving average price of $208.10 and a 200-day moving average price of $196.77. 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 firm has a market capitalization of $72.59 billion, a P/E ratio of 15.56, a P/E/G ratio of 4.11 and a beta of 1.31. Simon Property Group, Inc. has a 12-month low of $159.33 and a 12-month high of $228.57.

Simon Property Group (NYSE:SPG) last posted its quarterly 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. 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 for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm posted $2.95 EPS. The firm’s 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. Equities research analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend was Tuesday, June 9th. Simon Property Group’s dividend payout ratio is 62.54%.

Analyst Ratings Changes

Several equities research analysts have weighed in on SPG shares. Bank of America boosted their price objective on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley raised their price objective on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Evercore set a $208.00 target price on Simon Property Group in a report on Monday, June 8th. Stifel Nicolaus boosted their target price on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Finally, UBS Group set a $220.00 price target on Simon Property Group in a report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Simon Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $211.47.

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.