Natixis Advisors LLC Buys 15,722 Shares of Simon Property Group, Inc. $SPG

Natixis Advisors LLC boosted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 7.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 237,791 shares of the real estate investment trust’s stock after purchasing an additional 15,722 shares during the period. Natixis Advisors LLC’s holdings in Simon Property Group were worth $44,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPG. Stance Capital LLC bought a new stake in Simon Property Group during the 3rd quarter valued at about $26,000. Atlantic Union Bankshares Corp raised its holdings in shares of Simon Property Group by 143.0% in the 3rd 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 in the last quarter. Tompkins Financial Corp bought a new stake in shares of Simon Property Group in the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. raised its holdings in shares of Simon Property Group by 79.3% in the 4th 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 in the last quarter. Finally, Camelot Portfolios LLC bought a new stake in shares of Simon Property Group in the 4th quarter valued at about $53,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Up 0.2%

Shares of Simon Property Group stock opened at $203.91 on Thursday. The firm’s 50 day moving average price is $198.93 and its 200-day moving average price is $192.34. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 52-week low of $155.44 and a 52-week high of $208.79. The company has a market cap of $66.13 billion, a P/E ratio of 14.17, a PEG ratio of 3.68 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm 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 firm earned $2.95 EPS. The company’s quarterly revenue 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. On average, sell-side analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

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

Simon Property Group Increases Dividend

The company 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 $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is presently 61.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings lowered shares of Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday. UBS Group boosted their price target on shares of Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Barclays boosted their price target on shares of Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Evercore set a $207.00 price target on shares of Simon Property Group in a report on Tuesday, May 12th. Finally, Stifel Nicolaus boosted their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Five 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 currently has a consensus rating of “Hold” and a consensus target price of $205.57.

Simon Property Group 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.