First Pacific Financial Grows Position in Simon Property Group, Inc. $SPG

First Pacific Financial raised its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 1,526.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,139 shares of the real estate investment trust’s stock after acquiring an additional 4,823 shares during the period. First Pacific Financial’s holdings in Simon Property Group were worth $951,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Capital Advisors Inc. OK lifted its position in shares of Simon Property Group by 1.7% during the fourth quarter. Capital Advisors Inc. OK now owns 406,599 shares of the real estate investment trust’s stock valued at $75,266,000 after purchasing an additional 6,630 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in Simon Property Group by 1.1% in the 4th quarter. Frank Rimerman Advisors LLC now owns 7,502 shares of the real estate investment trust’s stock valued at $1,389,000 after buying an additional 82 shares during the last quarter. Nilsine Partners LLC increased its stake in Simon Property Group by 8.6% in the 4th quarter. Nilsine Partners LLC now owns 2,825 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 224 shares during the last quarter. Jamison Private Wealth Management Inc. lifted its position in shares of Simon Property Group by 2.9% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 29,911 shares of the real estate investment trust’s stock worth $5,537,000 after buying an additional 850 shares in the last quarter. Finally, Silver Oak Securities Incorporated bought a new position in shares of Simon Property Group during the 4th quarter worth approximately $131,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SPG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Citigroup lifted their price target on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Truist Financial boosted their price objective 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. Evercore upped their price objective on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research note on Tuesday, February 3rd. Finally, Stifel Nicolaus raised their target price on Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $199.57.

Simon Property Group Trading Up 0.3%

Shares of SPG stock opened at $188.71 on Friday. The company has a 50 day moving average of $192.48 and a 200-day moving average of $185.97. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $205.12. The firm has a market cap of $61.32 billion, a P/E ratio of 13.31, a PEG ratio of 6.20 and a beta of 1.37.

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

Simon Property Group announced that its Board of Directors has authorized 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 reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Simon Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group’s dividend payout ratio is currently 62.06%.

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.