Sapient Capital LLC Sells 94,340 Shares of Simon Property Group, Inc. $SPG

Sapient Capital LLC cut its holdings in Simon Property Group, Inc. (NYSE:SPG) by 46.2% during the fourth quarter, Holdings Channel reports. The firm owned 110,046 shares of the real estate investment trust’s stock after selling 94,340 shares during the quarter. Sapient Capital LLC’s holdings in Simon Property Group were worth $20,560,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its position in Simon Property Group by 15.5% in the third 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 acquiring an additional 8,965 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Simon Property Group in the third quarter worth about $3,598,000. National Pension Service raised its position in Simon Property Group by 3.2% in the third quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock worth $202,743,000 after acquiring an additional 33,758 shares in the last quarter. Aew Capital Management L P raised its position in Simon Property Group by 90.9% in the third quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock worth $99,494,000 after acquiring an additional 252,510 shares in the last quarter. Finally, Clark Capital Management Group Inc. raised its position in Simon Property Group by 1.7% in the third quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock worth $46,361,000 after acquiring an additional 4,177 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Price Performance

NYSE SPG opened at $199.98 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 1 year low of $155.44 and a 1 year high of $208.28. The stock’s 50-day moving average price is $195.27 and its two-hundred day moving average price is $190.13. The company has a market cap of $64.98 billion, a PE ratio of 13.90, a PEG ratio of 3.62 and a beta of 1.33.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating 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 company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the business posted $2.95 EPS. The business’s revenue for the quarter 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. On average, analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group declared that its board has authorized a stock buyback plan on Thursday, February 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. 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 yield of 4.5%. Simon Property Group’s dividend payout ratio (DPR) is presently 61.15%.

Analyst Ratings Changes

SPG has been the topic of several recent analyst reports. Citigroup boosted their price objective on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday. Stifel Nicolaus boosted their price objective on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. boosted their price objective on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Weiss Ratings upgraded Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Finally, Evercore set a $207.00 price objective on Simon Property Group in a report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and a consensus price target of $202.57.

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.