MidFirst Bank Buys Shares of 18,700 Simon Property Group, Inc. $SPG

MidFirst Bank bought a new stake in Simon Property Group, Inc. (NYSE:SPG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,700 shares of the real estate investment trust’s stock, valued at approximately $3,462,000.

A number of other institutional investors have also recently made changes to their positions in SPG. SG Trading Solutions LLC purchased a new stake in shares of Simon Property Group during the fourth quarter worth approximately $901,000. MV Capital Management Inc. purchased a new position in Simon Property Group in the 4th quarter valued at $46,000. Compound Planning Inc. boosted its stake in Simon Property Group by 10.6% during the 4th quarter. Compound Planning Inc. now owns 5,095 shares of the real estate investment trust’s stock worth $943,000 after purchasing an additional 490 shares during the last quarter. Invesco Ltd. boosted its stake in Simon Property Group by 0.6% during the 4th quarter. Invesco Ltd. now owns 3,315,969 shares of the real estate investment trust’s stock worth $613,819,000 after purchasing an additional 21,400 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Simon Property Group by 13.4% during the 4th quarter. Corient Private Wealth LLC now owns 87,486 shares of the real estate investment trust’s stock worth $15,743,000 after purchasing an additional 10,323 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Up 0.8%

Shares of NYSE:SPG opened at $211.46 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The business has a fifty day moving average of $204.88 and a two-hundred day moving average of $194.59. The stock has a market cap of $68.57 billion, a P/E ratio of 14.69, a PEG ratio of 3.79 and a beta of 1.31. Simon Property Group, Inc. has a 52-week low of $155.92 and a 52-week high of $220.43.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the company earned $2.95 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $2.25 per share. The ex-dividend date is Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.3%. Simon Property Group’s dividend payout ratio (DPR) is 62.54%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group set a $220.00 target price on shares of Simon Property Group in a research report on Thursday. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Scotiabank upped their price objective on shares of Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research note on Thursday. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Finally, Evercore set a $208.00 price objective on shares of Simon Property Group in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $208.29.

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.