Smead Capital Management Inc. Reduces Position in Simon Property Group, Inc. $SPG

Smead Capital Management Inc. decreased its position in Simon Property Group, Inc. (NYSE:SPG) by 6.5% during the fourth quarter, HoldingsChannel reports. The firm owned 1,791,330 shares of the real estate investment trust’s stock after selling 124,175 shares during the quarter. Simon Property Group comprises approximately 6.9% of Smead Capital Management Inc.’s holdings, making the stock its biggest position. Smead Capital Management Inc.’s holdings in Simon Property Group were worth $331,593,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SPG. Stance Capital LLC bought a new position in shares of Simon Property Group in the third quarter valued at approximately $26,000. Atlantic Union Bankshares Corp raised its position in shares of 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 valued at $39,000 after purchasing an additional 123 shares during the period. Tompkins Financial Corp bought a new position in shares of Simon Property Group in the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. raised its position in shares of Simon Property Group by 79.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 111 shares during the period. Finally, Camelot Portfolios LLC bought a new position in shares of Simon Property Group in the fourth quarter valued at approximately $53,000. Institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SPG shares. Truist Financial lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Stifel Nicolaus lifted their price target 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. Citigroup boosted their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Evercore set a $207.00 target price on shares of Simon Property Group in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Simon Property Group has an average rating of “Hold” and a consensus target price of $205.07.

Simon Property Group Stock Down 0.2%

Shares of NYSE:SPG opened at $204.50 on Friday. Simon Property Group, Inc. has a 52 week low of $155.44 and a 52 week high of $208.28. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The company’s fifty day moving average is $196.17 and its 200-day moving average is $191.00. The company has a market capitalization of $66.45 billion, a PE ratio of 14.21, a P/E/G ratio of 3.70 and a beta of 1.33.

Simon Property Group (NYSE:SPG) last issued its 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 company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company earned $2.95 EPS. The firm’s revenue for the quarter 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. Equities research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

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

Simon Property Group declared that its Board of Directors has initiated a stock buyback program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.