Sound Income Strategies LLC Acquires 6,774 Shares of Simon Property Group, Inc. $SPG

Sound Income Strategies LLC increased its holdings in Simon Property Group, Inc. (NYSE:SPG) by 5.6% during the 4th quarter, HoldingsChannel reports. The firm owned 127,503 shares of the real estate investment trust’s stock after buying an additional 6,774 shares during the period. Simon Property Group accounts for approximately 1.1% of Sound Income Strategies LLC’s portfolio, making the stock its 16th largest position. Sound Income Strategies LLC’s holdings in Simon Property Group were worth $23,578,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SPG. Stance Capital LLC bought a new stake in Simon Property Group in the third quarter worth $26,000. Silicon Valley Capital Partners bought a new stake in Simon Property Group in the second quarter worth $30,000. Salomon & Ludwin LLC bought a new stake in Simon Property Group in the third quarter worth $39,000. Atlantic Union Bankshares Corp increased its position in Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 123 shares during the last quarter. Finally, City Holding Co. bought a new stake in Simon Property Group in the third quarter worth $40,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Up 0.8%

SPG stock opened at $190.23 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $205.12. The stock has a market capitalization of $61.82 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 6.22 and a beta of 1.37. The firm’s fifty day simple moving average is $192.65 and its two-hundred day simple moving average is $186.13.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business posted $3.68 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group declared that its board has authorized a share buyback plan on Thursday, February 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Simon Property Group Dividend Announcement

The company also recently disclosed 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 was Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.6%. Simon Property Group’s payout ratio is 62.06%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SPG. Barclays boosted their price target on shares of Simon Property Group from $188.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Tuesday, January 20th. UBS Group boosted 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 report on Thursday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Stifel Nicolaus boosted their price target on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $199.57.

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.