Cibc World Market Inc. Raises Stock Holdings in Simon Property Group, Inc. $SPG

Cibc World Market Inc. boosted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 73.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,693 shares of the real estate investment trust’s stock after purchasing an additional 76,913 shares during the quarter. Cibc World Market Inc.’s holdings in Simon Property Group were worth $33,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in Simon Property Group in the fourth quarter worth about $295,000. Marshall Wace LLP grew its position in shares of Simon Property Group by 316.2% in the 2nd quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after buying an additional 15,033 shares during the last quarter. Jump Financial LLC grew its position in shares of Simon Property Group by 80.1% in the 2nd 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 last quarter. Cerity Partners LLC raised its stake in shares of Simon Property Group by 1.7% during the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock worth $5,745,000 after acquiring an additional 598 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in 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 valued at $4,573,000 after acquiring an additional 3,372 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Up 1.3%

Shares of Simon Property Group stock opened at $206.22 on Friday. The firm’s 50 day simple moving average is $199.50 and its two-hundred day simple moving average is $192.51. The firm has a market capitalization of $66.88 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 3.68 and a beta of 1.31. 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 posted its quarterly earnings data 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. The business had revenue of $1.76 billion during 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%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current year.

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

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, June 9th. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Analysts Set New Price Targets

SPG has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday. Barclays increased their price objective on Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Scotiabank raised their price objective on 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. UBS Group boosted their target price on Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Citigroup upped their target price on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $205.57.

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.