Simon Property Group, Inc. $SPG Shares Sold by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC decreased its position in Simon Property Group, Inc. (NYSE:SPG) by 5.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,290,039 shares of the real estate investment trust’s stock after selling 76,606 shares during the period. Simon Property Group comprises about 3.5% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 4th biggest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in Simon Property Group were worth $238,799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPG. Stance Capital LLC purchased a new stake in Simon Property Group in the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp lifted its position in Simon Property Group by 143.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 123 shares in the last quarter. Tompkins Financial Corp purchased a new stake in Simon Property Group in the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. lifted its position in Simon Property Group by 79.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 111 shares in the last quarter. Finally, Camelot Portfolios LLC purchased a new stake in Simon Property Group in the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analyst Weigh In

SPG has been the subject of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. increased their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday. Scotiabank increased their target price on shares of Simon Property Group from $192.00 to $206.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Truist Financial increased their target price on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Finally, Barclays increased their target price on shares of Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $205.57.

Simon Property Group Stock Down 1.0%

Simon Property Group stock opened at $202.77 on Tuesday. The company has a market capitalization of $65.76 billion, a P/E ratio of 14.09, a P/E/G ratio of 3.71 and a beta of 1.33. The firm’s fifty day simple moving average is $198.10 and its 200-day simple moving average is $192.06. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 1-year low of $155.44 and a 1-year high of $208.79.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $2.25 per share. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.4%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is 62.54%.

Simon Property Group declared that its Board of Directors has approved a stock repurchase program on Thursday, February 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.