WealthBridge Capital Management LLC Makes New $517,000 Investment in Simon Property Group, Inc. $SPG

WealthBridge Capital Management LLC bought a new stake in Simon Property Group, Inc. (NYSE:SPG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,773 shares of the real estate investment trust’s stock, valued at approximately $517,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Clark Capital Management Group Inc. increased its stake in shares of Simon Property Group by 1.7% in the third quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock worth $46,361,000 after acquiring an additional 4,177 shares during the last quarter. Aew Capital Management L P lifted its holdings in shares of Simon Property Group by 90.9% during the 3rd quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock valued at $99,494,000 after buying an additional 252,510 shares during the last quarter. Union Bancaire Privee UBP SA grew its stake in shares of Simon Property Group by 22.6% in the 4th quarter. Union Bancaire Privee UBP SA now owns 39,366 shares of the real estate investment trust’s stock valued at $7,287,000 after buying an additional 7,266 shares in the last quarter. Danske Bank A S increased its holdings in Simon Property Group by 11.1% in the fourth quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock worth $35,901,000 after buying an additional 19,300 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Simon Property Group in the third quarter worth approximately $1,768,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SPG shares. Morgan Stanley lifted their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. JPMorgan Chase & Co. raised their price target on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Truist Financial upped their price objective on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday. Scotiabank increased their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $209.64.

Simon Property Group Price Performance

Shares of Simon Property Group stock opened at $216.86 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a fifty day simple moving average of $205.87 and a 200-day simple moving average of $195.25. The stock has a market capitalization of $70.33 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 3.88 and a beta of 1.31. Simon Property Group, Inc. has a 1-year low of $157.05 and a 1-year high of $220.43.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. Simon Property Group’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, sell-side analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.2%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is presently 62.54%.

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.