Savant Capital LLC Lowers Holdings in Simon Property Group, Inc. $SPG

Savant Capital LLC trimmed its holdings in Simon Property Group, Inc. (NYSE:SPG) by 53.4% in the 4th quarter, HoldingsChannel reports. The fund owned 4,598 shares of the real estate investment trust’s stock after selling 5,279 shares during the quarter. Savant Capital LLC’s holdings in Simon Property Group were worth $851,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SPG. Brighton Jones LLC purchased a new position in Simon Property Group in the fourth quarter worth approximately $295,000. Marshall Wace LLP grew its position in Simon Property Group by 316.2% in the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after acquiring an additional 15,033 shares during the period. Jump Financial LLC boosted its position in shares of Simon Property Group by 80.1% during the second quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock worth $2,714,000 after buying an additional 7,506 shares during the period. Cerity Partners LLC boosted its position in shares of Simon Property Group by 1.7% during the second quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock worth $5,745,000 after buying an additional 598 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Simon Property Group by 13.4% during the second quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock worth $4,573,000 after buying an additional 3,372 shares during the period. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SPG shares. Piper Sandler restated an “overweight” rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. raised their price target on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday. Stifel Nicolaus raised their price target on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Citigroup raised their price target on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Truist Financial raised their price target on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. One equities research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $205.57.

Simon Property Group Trading Up 0.4%

NYSE:SPG opened at $203.47 on Wednesday. The firm 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 stock has a fifty day moving average price of $198.10 and a 200 day moving average price of $192.06. 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.

Simon Property Group (NYSE:SPG) last released 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. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.Simon Property Group’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Sell-side analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share 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. Investors 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 is Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is 61.15%.

Simon Property Group announced that its Board of Directors has initiated a share buyback program on Thursday, February 5th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the real estate investment trust to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often 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.