Centersquare Investment Management LLC Acquires 7,600 Shares of Simon Property Group, Inc. $SPG

Centersquare Investment Management LLC increased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,531,581 shares of the real estate investment trust’s stock after purchasing an additional 7,600 shares during the quarter. Simon Property Group accounts for 2.8% of Centersquare Investment Management LLC’s portfolio, making the stock its 11th biggest holding. Centersquare Investment Management LLC’s holdings in Simon Property Group were worth $283,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Simon Property Group by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock valued at $8,694,610,000 after purchasing an additional 286,464 shares in the last quarter. State Street Corp lifted its holdings in shares of Simon Property Group by 1.5% during the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock valued at $4,084,730,000 after purchasing an additional 312,995 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Simon Property Group by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock valued at $1,950,967,000 after purchasing an additional 363,337 shares in the last quarter. Capital World Investors lifted its holdings in shares of Simon Property Group by 2.7% during the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock valued at $1,593,872,000 after purchasing an additional 226,271 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Simon Property Group by 634.5% during the third quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock valued at $1,383,145,000 after purchasing an additional 6,366,711 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group Stock Performance

Shares of SPG opened at $214.79 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The business has a 50-day simple moving average of $202.40 and a two-hundred day simple moving average of $193.57. The stock has a market cap of $69.65 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 3.85 and a beta of 1.31. Simon Property Group, Inc. has a 52 week low of $155.44 and a 52 week high of $216.28.

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

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $2.25 dividend. The ex-dividend date is Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Analyst Upgrades and Downgrades

SPG has been the topic of a number of research analyst reports. Weiss Ratings downgraded Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, June 1st. Stifel Nicolaus increased their target price on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. UBS Group increased their target price on Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Citigroup increased their target price on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Morgan Stanley increased their target price on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $205.79.

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.