MUFG Securities EMEA plc Has $2.48 Million Stake in Simon Property Group, Inc. $SPG

MUFG Securities EMEA plc lifted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 114.4% during the 4th quarter, HoldingsChannel reports. The fund owned 13,400 shares of the real estate investment trust’s stock after purchasing an additional 7,151 shares during the period. MUFG Securities EMEA plc’s holdings in Simon Property Group were worth $2,480,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SPG. Brighton Jones LLC acquired a new stake in shares of Simon Property Group during the 4th quarter valued at $295,000. Marshall Wace LLP raised its position in Simon Property Group by 316.2% during the 2nd quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after purchasing an additional 15,033 shares during the last quarter. Jump Financial LLC raised its position in Simon Property Group by 80.1% during the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock worth $2,714,000 after purchasing an additional 7,506 shares during the last quarter. Cerity Partners LLC raised its position in Simon Property Group by 1.7% during the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock worth $5,745,000 after purchasing an additional 598 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in Simon Property Group by 13.4% during the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock worth $4,573,000 after purchasing an additional 3,372 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

SPG has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday. Truist Financial raised their target price 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. Weiss Ratings raised Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 18th. Evercore set a $207.00 target price on Simon Property Group in a research report on Tuesday, May 12th. Finally, UBS Group raised their target price on Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $205.57.

Simon Property Group Stock Performance

SPG stock opened at $202.77 on Tuesday. The stock has a 50-day moving average price of $198.10 and a 200-day moving average price of $192.06. Simon Property Group, Inc. has a 1-year low of $155.44 and a 1-year high of $208.79. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a market cap of $65.76 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 3.71 and a beta of 1.33.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company posted $2.95 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities research analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group announced that its Board of Directors has approved a share repurchase plan 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 repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a $2.25 dividend. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.4%. Simon Property Group’s dividend payout ratio is 62.54%.

Simon Property Group Company 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.