Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $33.67 Million Holdings in Simon Property Group, Inc. $SPG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in Simon Property Group, Inc. (NYSE:SPG) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,904 shares of the real estate investment trust’s stock after selling 2,789 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Simon Property Group were worth $33,672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPG. Wellington Management Group LLP raised its holdings in shares of 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 acquiring an additional 6,366,711 shares during the last quarter. Norges Bank purchased a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $1,112,111,000. Capital World Investors increased its position in shares of Simon Property Group by 45.0% during the third 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 acquiring an additional 2,600,508 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Simon Property Group by 1.8% during the third 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 acquiring an additional 844,190 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Simon Property Group by 78.9% during the 3rd quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock valued at $207,158,000 after acquiring an additional 486,967 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Down 0.2%

Shares of NYSE:SPG opened at $204.52 on Monday. The firm has a fifty day moving average price of $197.87 and a two-hundred day moving average price of $191.93. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. Simon Property Group, Inc. has a one year low of $155.44 and a one year high of $208.79. The company has a market cap of $66.32 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 3.71 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm earned $2.95 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group declared that its Board of Directors has approved a stock buyback 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 an indication that the company’s board of directors believes its shares are undervalued.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is 61.15%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPG. UBS Group increased their target price on shares of Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Piper Sandler reissued an “overweight” rating and set a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Truist Financial increased their target price on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Scotiabank increased their target price on shares of Simon Property Group from $192.00 to $206.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Finally, Stifel Nicolaus increased their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $205.07.

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.