Hamlin Capital Management LLC Has $167.54 Million Position in Simon Property Group, Inc. $SPG

Hamlin Capital Management LLC reduced its stake in Simon Property Group, Inc. (NYSE:SPG) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 905,071 shares of the real estate investment trust’s stock after selling 65,055 shares during the quarter. Simon Property Group accounts for 4.0% of Hamlin Capital Management LLC’s portfolio, making the stock its 10th largest position. Hamlin Capital Management LLC owned approximately 0.28% of Simon Property Group worth $167,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPG. Colonial Trust Co SC increased its holdings in Simon Property Group by 25.7% during the 3rd quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 65 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Simon Property Group by 4.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,582 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 65 shares in the last quarter. Howard Capital Management Inc. boosted its position in shares of Simon Property Group by 3.1% during the third quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 66 shares during the period. TIAA Trust National Association boosted its position in shares of Simon Property Group by 3.9% during the third quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 67 shares during the period. Finally, SageView Advisory Group LLC grew its holdings in shares of Simon Property Group by 3.5% during the second quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock worth $344,000 after buying an additional 71 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Performance

SPG opened at $184.49 on Friday. The business’s 50-day simple moving average is $192.72 and its 200 day simple moving average is $185.89. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $205.12. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $59.95 billion, a PE ratio of 13.01, a PEG ratio of 6.08 and a beta of 1.36.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share 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 the consensus estimate of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The business’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, sell-side analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s payout ratio is presently 62.06%.

Simon Property Group announced that its board has initiated a stock repurchase plan on Thursday, February 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus lifted 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. Truist Financial raised their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Mizuho set a $192.00 price objective on shares of Simon Property Group in a report on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and a consensus target price of $199.36.

Insider Activity

In other news, Director Gary M. Rodkin purchased 226 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the purchase, the director directly owned 19,455 shares in the company, valued at $3,618,630. The trade was a 1.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry C. Glasscock acquired 363 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $67,518.00. Following the transaction, the director owned 43,899 shares in the company, valued at approximately $8,165,214. This trade represents a 0.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 2,192 shares of company stock valued at $407,712. 8.66% of the stock is owned by corporate insiders.

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.