Aberdeen Group plc Trims Stock Position in Simon Property Group, Inc. $SPG

Aberdeen Group plc lessened its stake in Simon Property Group, Inc. (NYSE:SPG) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 669,834 shares of the real estate investment trust’s stock after selling 9,702 shares during the quarter. Aberdeen Group plc owned 0.21% of Simon Property Group worth $123,993,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in Simon Property Group by 634.5% in the 3rd quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock worth $1,383,145,000 after purchasing an additional 6,366,711 shares in the last quarter. Capital World Investors increased its holdings in shares of Simon Property Group by 45.0% during the 3rd quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock valued at $1,573,450,000 after purchasing an additional 2,600,508 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Simon Property Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after purchasing an additional 844,190 shares during the period. Barclays PLC boosted its holdings in Simon Property Group by 78.9% during the third quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock worth $207,158,000 after buying an additional 486,967 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Simon Property Group by 93.2% during the third quarter. AQR Capital Management LLC now owns 680,102 shares of the real estate investment trust’s stock worth $126,336,000 after buying an additional 328,116 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Up 0.3%

Shares of SPG opened at $188.71 on Friday. The stock has a 50 day moving average price of $192.48 and a 200 day moving average price of $185.97. 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 stock has a market capitalization of $61.32 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 6.20 and a beta of 1.37. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $205.12.

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

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

Simon Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were paid a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is 62.06%.

Wall Street Analysts Forecast Growth

SPG has been the subject of a number of recent analyst reports. Citigroup lifted their price objective on shares of Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Truist Financial increased their price target 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. Piper Sandler restated an “overweight” rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Finally, Scotiabank increased their target price 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.