Sage Investment Advisers LLC Buys Shares of 2,495 Simon Property Group, Inc. $SPG

Sage Investment Advisers LLC bought a new stake in Simon Property Group, Inc. (NYSE:SPG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,495 shares of the real estate investment trust’s stock, valued at approximately $462,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Simon Property Group by 0.6% in 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 buying an additional 286,464 shares during the last quarter. State Street Corp lifted its stake in Simon Property Group by 1.5% in 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 buying an additional 312,995 shares during the last quarter. Geode Capital Management LLC lifted its stake in Simon Property Group by 3.6% in 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 buying an additional 363,337 shares during the last quarter. Capital World Investors lifted its stake in Simon Property Group by 45.0% in 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 buying an additional 2,600,508 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Simon Property Group by 634.5% in 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 buying an additional 6,366,711 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SPG shares. Citigroup lifted 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 note on Thursday, May 14th. Evercore set a $207.00 price objective on shares of Simon Property Group in a research note on Tuesday, May 12th. Weiss Ratings raised shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. Truist Financial boosted their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Finally, Barclays boosted their price target on shares of Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Simon Property Group has an average rating of “Hold” and an average target price of $205.07.

Simon Property Group Trading Down 0.2%

Shares of SPG opened at $204.52 on Monday. The business’s 50-day moving average price is $197.87 and its 200 day moving average price is $191.93. The stock has a market capitalization of $66.32 billion, a P/E ratio of 14.21, a P/E/G ratio of 3.71 and a beta of 1.31. Simon Property Group, Inc. has a 1-year low of $155.44 and a 1-year high of $208.79. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.

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

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend 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 dividend payout ratio (DPR) is presently 61.15%.

Simon Property Group announced 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 buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is 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.