Capital Advisors Inc. OK Has $75.27 Million Stock Holdings in Simon Property Group, Inc. $SPG

Capital Advisors Inc. OK increased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 1.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 406,599 shares of the real estate investment trust’s stock after purchasing an additional 6,630 shares during the quarter. Simon Property Group accounts for 1.2% of Capital Advisors Inc. OK’s holdings, making the stock its 19th biggest position. Capital Advisors Inc. OK’s holdings in Simon Property Group were worth $75,266,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Federated Hermes Inc. lifted its position in Simon Property Group by 68.8% in the 2nd quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock valued at $20,081,000 after acquiring an additional 50,932 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Simon Property Group by 15.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust’s stock worth $12,521,000 after purchasing an additional 8,965 shares during the period. Ontario Teachers Pension Plan Board bought a new position in Simon Property Group during the 3rd quarter worth about $3,598,000. National Pension Service increased its holdings in Simon Property Group by 3.2% during the 3rd quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock worth $202,743,000 after purchasing an additional 33,758 shares in the last quarter. Finally, Aew Capital Management L P raised its stake in shares of Simon Property Group by 90.9% in the 3rd quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock valued at $99,494,000 after purchasing an additional 252,510 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial boosted their price target on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Piper Sandler reissued an “overweight” rating and issued a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Morgan Stanley set a $205.00 price target on Simon Property Group in a research report on Friday, January 16th. Finally, UBS Group raised their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $199.57.

Simon Property Group Trading Up 2.2%

Simon Property Group stock opened at $186.45 on Wednesday. The firm has a 50-day moving average of $192.34 and a 200-day moving average of $185.93. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $205.12. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $60.59 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 6.01 and a beta of 1.36.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business earned $3.68 earnings per share. Simon Property Group’s quarterly 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. On average, equities 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 business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were given a dividend of $2.20 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.7%. Simon Property Group’s payout ratio is 62.06%.

Simon Property Group announced that its board has approved a stock 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 reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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.