Simon Property Group, Inc. $SPG Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 90.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,532 shares of the real estate investment trust’s stock after buying an additional 3,574 shares during the period. Vise Technologies Inc.’s holdings in Simon Property Group were worth $1,394,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board acquired a new position in Simon Property Group during the 3rd quarter valued at about $3,598,000. Clark Capital Management Group Inc. increased its stake in Simon Property Group by 1.7% during the 3rd quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock valued at $46,361,000 after buying an additional 4,177 shares during the period. Aew Capital Management L P increased its stake in Simon Property Group by 90.9% during 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 buying an additional 252,510 shares during the period. Varma Mutual Pension Insurance Co increased its stake in Simon Property Group by 8.6% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,349 shares of the real estate investment trust’s stock valued at $15,454,000 after buying an additional 6,500 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Simon Property Group by 5.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 383,719 shares of the real estate investment trust’s stock valued at $72,013,000 after buying an additional 18,652 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Evercore set a $208.00 target price on shares of Simon Property Group in a research note on Monday. Weiss Ratings cut shares of Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, June 1st. Stifel Nicolaus raised 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 note on Tuesday, May 12th. JPMorgan Chase & Co. raised their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Finally, Citigroup raised their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $205.64.

Simon Property Group Stock Performance

NYSE:SPG opened at $207.24 on Tuesday. Simon Property Group, Inc. has a twelve month low of $155.44 and a twelve month high of $211.68. 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 company has a 50-day moving average of $200.58 and a 200-day moving average of $192.89. The firm has a market cap of $67.21 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 3.80 and a beta of 1.31.

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, 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 company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm 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. Analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

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 dividend of $2.25 per share. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.3%. Simon Property Group’s payout ratio is 61.15%.

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.