Simon Property Group, Inc. $SPG Holdings Boosted by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA raised its stake in Simon Property Group, Inc. (NYSE:SPG) by 44.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,862 shares of the real estate investment trust’s stock after acquiring an additional 17,496 shares during the period. Union Bancaire Privee UBP SA’s holdings in Simon Property Group were worth $10,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cambient Family Office LLC acquired a new position in Simon Property Group during the 1st quarter valued at approximately $231,000. Pinnacle Wealth Management Advisory Group LLC increased its position in Simon Property Group by 4.5% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,692 shares of the real estate investment trust’s stock worth $875,000 after buying an additional 202 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Simon Property Group during the first quarter valued at $3,096,000. Kestra Private Wealth Services LLC boosted its holdings in shares of Simon Property Group by 1.8% during the first quarter. Kestra Private Wealth Services LLC now owns 13,387 shares of the real estate investment trust’s stock valued at $2,497,000 after acquiring an additional 239 shares during the period. Finally, Vanderbilt University grew its position in shares of Simon Property Group by 1.5% during the first quarter. Vanderbilt University now owns 28,903 shares of the real estate investment trust’s stock worth $5,391,000 after acquiring an additional 420 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Stock Performance

Shares of SPG opened at $227.13 on Friday. The firm has a market capitalization of $73.66 billion, a PE ratio of 15.78, a P/E/G ratio of 4.07 and a beta of 1.31. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a 50-day moving average price of $207.23 and a 200 day moving average price of $196.03. Simon Property Group, Inc. has a 52-week low of $158.00 and a 52-week high of $228.58.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping 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 net margin of 70.60% and a return on equity of 104.54%. Simon Property Group’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, sell-side analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. 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 dividend payout ratio is 62.54%.

Analysts Set New Price Targets

A number of analysts recently weighed in on SPG shares. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. Scotiabank raised their price target on shares of Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. UBS Group set a $220.00 price objective on Simon Property Group in a research report on Thursday, June 18th. Finally, Citigroup increased their price objective on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.71.

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.