Perpetual Ltd Acquires 4,128 Shares of Simon Property Group, Inc. $SPG

Perpetual Ltd increased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 46.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,063 shares of the real estate investment trust’s stock after acquiring an additional 4,128 shares during the quarter. Perpetual Ltd’s holdings in Simon Property Group were worth $2,418,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Sheets Smith Wealth Management grew its stake in Simon Property Group by 2.2% during the fourth quarter. Sheets Smith Wealth Management now owns 32,867 shares of the real estate investment trust’s stock worth $6,084,000 after buying an additional 697 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Simon Property Group by 10,033.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 608 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 602 shares during the period. SteelPeak Wealth LLC boosted its position in shares of Simon Property Group by 16.0% during the 4th quarter. SteelPeak Wealth LLC now owns 8,673 shares of the real estate investment trust’s stock worth $1,605,000 after acquiring an additional 1,198 shares in the last quarter. Aspiriant LLC boosted its position in shares of Simon Property Group by 1.7% during the 4th quarter. Aspiriant LLC now owns 5,380 shares of the real estate investment trust’s stock worth $996,000 after acquiring an additional 91 shares in the last quarter. Finally, Genesee Capital Advisors LLC increased its stake in Simon Property Group by 3.0% in the fourth quarter. Genesee Capital Advisors LLC now owns 5,718 shares of the real estate investment trust’s stock valued at $1,058,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPG. Truist Financial upped their target price on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Piper Sandler reiterated an “overweight” rating and issued 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 boosted their price target on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Tuesday, January 20th. Finally, Mizuho set a $192.00 target price on Simon Property Group in a research report on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $199.57.

Simon Property Group Price Performance

Shares of SPG opened at $188.71 on Friday. The firm has a market cap of $61.32 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 6.22 and a beta of 1.37. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $205.12. The business’s 50 day moving average price is $192.55 and its two-hundred day moving average price is $186.03. 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 (NYSE:SPG) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, equities analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were issued a $2.20 dividend. 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 payout ratio is 62.06%.

Simon Property Group announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.