Yousif Capital Management LLC Trims Position in Simon Property Group, Inc. $SPG

Yousif Capital Management LLC lessened its stake in Simon Property Group, Inc. (NYSE:SPG) by 6.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 46,365 shares of the real estate investment trust’s stock after selling 3,017 shares during the quarter. Yousif Capital Management LLC’s holdings in Simon Property Group were worth $8,546,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in Simon Property Group during the fourth quarter valued at about $60,000. Newbridge Financial Services Group Inc. boosted its holdings in Simon Property Group by 9.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 85 shares in the last quarter. Portside Wealth Group LLC lifted its holdings in shares of Simon Property Group by 9.5% during the fourth quarter. Portside Wealth Group LLC now owns 6,936 shares of the real estate investment trust’s stock worth $1,284,000 after purchasing an additional 602 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Simon Property Group by 5.6% during the fourth quarter. Sound Income Strategies LLC now owns 127,503 shares of the real estate investment trust’s stock worth $23,578,000 after purchasing an additional 6,774 shares during the period. Finally, Western Financial Corp CA lifted its holdings in shares of Simon Property Group by 2.6% during the fourth quarter. Western Financial Corp CA now owns 2,749 shares of the real estate investment trust’s stock worth $509,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

NYSE SPG opened at $194.35 on Thursday. The stock’s fifty day moving average is $192.98 and its two-hundred day moving average is $186.26. The firm has a market capitalization of $63.15 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 6.22 and a beta of 1.37. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $205.12.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group declared that its board has initiated a stock buyback program on Thursday, February 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were paid a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group’s dividend payout ratio is 62.06%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SPG. Mizuho set a $192.00 target price on Simon Property Group in a report on Friday, January 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Truist Financial boosted their price objective on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Barclays boosted their price objective on Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Finally, Scotiabank boosted their price objective on Simon Property Group from $189.00 to $192.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 24th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Simon Property Group presently has an average rating of “Hold” and a consensus price target of $199.57.

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.