Westerkirk Capital Inc. Has $2.07 Million Holdings in Simon Property Group, Inc. $SPG

by · The Cerbat Gem

Westerkirk Capital Inc. boosted its position in Simon Property Group, Inc. (NYSE:SPG – Free Report) by 41.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,200 shares of the real estate investment trust’s stock after buying an additional 3,300 shares during the quarter. Westerkirk Capital Inc.’s holdings in Simon Property Group were worth $2,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPG. Stance Capital LLC acquired a new position in Simon Property Group in the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp grew its stake in 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 buying an additional 123 shares during the last quarter. Tompkins Financial Corp acquired a new position in Simon Property Group in the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. grew its stake in 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 buying an additional 111 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new position in Simon Property Group in the 4th quarter valued at $53,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SPG shares. Stifel Nicolaus raised their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Evercore set a $208.00 target price on shares of Simon Property Group in a research note on Monday. UBS Group raised their price target on shares of Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Truist Financial raised 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, JPMorgan Chase & Co. raised their price target on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $205.64.

Check Out Our Latest Research Report on SPG

Simon Property Group Price Performance

NYSE:SPG opened at $207.24 on Tuesday. The company has a 50-day moving average of $200.58 and a 200-day moving average of $192.89. The company has a market capitalization of $67.21 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 3.80 and a beta of 1.31. Simon Property Group, Inc. has a 52 week low of $155.44 and a 52 week high of $211.68. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84.

Simon Property Group (NYSE:SPG – Get Free Report) last released its quarterly earnings data 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 during 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%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued 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 yield of 4.3%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is 61.15%.

Simon Property Group Company Profile

(Free Report)

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.

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