Vanguard Group Inc. Grows Position in Simon Property Group, Inc. $SPG

Vanguard Group Inc. lifted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,683,502 shares of the real estate investment trust’s stock after buying an additional 844,190 shares during the period. Vanguard Group Inc. owned approximately 14.30% of Simon Property Group worth $8,761,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SPG. VSM Wealth Advisory LLC acquired a new stake in shares of Simon Property Group in the second quarter valued at approximately $30,000. Silicon Valley Capital Partners acquired a new stake in Simon Property Group during the second quarter worth about $30,000. Bell Investment Advisors Inc grew its stake in shares of Simon Property Group by 205.6% in the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 146 shares during the period. Salomon & Ludwin LLC acquired a new position in Simon Property Group in the third quarter valued at approximately $39,000. Finally, Atlantic Union Bankshares Corp raised its position in Simon Property Group by 143.0% in the third 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 during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $196.86 on Tuesday. The stock’s 50-day moving average is $187.31 and its two-hundred day moving average is $181.99. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 1.44. The company has a market cap of $64.27 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 7.23 and a beta of 1.39. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $201.40.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm earned $3.68 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 5th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Simon Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is 62.06%.

Insider Transactions at Simon Property Group

In other news, Director Glyn Aeppel bought 216 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the transaction, the director owned 19,481 shares of the company’s stock, valued at approximately $3,623,466. This trade represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel C. Smith purchased 347 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, for a total transaction of $64,542.00. Following the transaction, the director owned 32,680 shares of the company’s stock, valued at $6,078,480. This trade represents a 1.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 2,192 shares of company stock valued at $407,712 over the last three months. 8.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SPG has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Piper Sandler reiterated an “overweight” rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Barclays restated a “positive” rating and issued a $188.00 price objective on shares of Simon Property Group in a report on Tuesday, January 13th. Morgan Stanley set a $205.00 target price on shares of Simon Property Group in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Simon Property Group currently has an average rating of “Hold” and a consensus price target of $197.93.

Simon Property Group Company 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.