Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $516,000 Investment in Simon Property Group, Inc. $SPG

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,785 shares of the real estate investment trust’s stock, valued at approximately $516,000.

Several other hedge funds also recently bought and sold shares of SPG. Wellington Management Group LLP boosted its stake in Simon Property Group by 634.5% during the third quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock worth $1,383,145,000 after buying an additional 6,366,711 shares during the period. Capital World Investors boosted its stake in Simon Property Group by 45.0% during the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock worth $1,573,450,000 after buying an additional 2,600,508 shares during the period. Vanguard Group Inc. boosted its holdings in Simon Property Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after acquiring an additional 844,190 shares during the period. Barclays PLC boosted its holdings in Simon Property Group by 78.9% during the 3rd quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock valued at $207,158,000 after acquiring an additional 486,967 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Simon Property Group by 1,329.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock valued at $86,723,000 after acquiring an additional 435,721 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Stifel Nicolaus increased their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Scotiabank increased 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 report on Tuesday, May 19th. UBS Group increased their price target on shares of Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $205.07.

Simon Property Group Stock Down 0.2%

Shares of NYSE:SPG opened at $204.50 on Friday. The firm’s 50 day moving average price is $196.17 and its 200 day moving average price is $191.00. The stock has a market cap of $66.45 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 3.70 and a beta of 1.33. Simon Property Group, Inc. has a fifty-two week low of $155.44 and a fifty-two week high of $208.28. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities research 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 company 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 annualized dividend and a yield of 4.4%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s dividend payout ratio is 61.15%.

Simon Property Group announced that its Board of Directors has authorized a stock buyback plan 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 reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Simon Property Group 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.