Vestmark Advisory Solutions Inc. Has $893,000 Stake in Simon Property Group, Inc. $SPG

Vestmark Advisory Solutions Inc. trimmed its position in Simon Property Group, Inc. (NYSE:SPG) by 34.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,761 shares of the real estate investment trust’s stock after selling 2,503 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Simon Property Group were worth $893,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Simon Property Group during the 4th quarter worth approximately $295,000. Focus Partners Advisor Solutions LLC lifted its position in shares of Simon Property Group by 9.4% in the second quarter. Focus Partners Advisor Solutions LLC now owns 1,858 shares of the real estate investment trust’s stock worth $299,000 after purchasing an additional 159 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Simon Property Group by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 348,259 shares of the real estate investment trust’s stock worth $55,986,000 after purchasing an additional 29,456 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Simon Property Group in the second quarter valued at $1,333,000. Finally, Howard Capital Management Inc. grew its position in Simon Property Group by 9.7% in the second quarter. Howard Capital Management Inc. now owns 2,109 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 187 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Performance

Shares of NYSE SPG opened at $202.68 on Friday. The company has a current ratio of 0.90, a quick ratio of 1.44 and a debt-to-equity ratio of 4.42. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $204.05. The stock has a 50 day moving average of $190.18 and a 200-day moving average of $183.73. The company has a market capitalization of $66.17 billion, a P/E ratio of 14.29, a P/E/G ratio of 6.64 and a beta of 1.39.

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

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $2.20 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.3%. Simon Property Group’s payout ratio is currently 62.06%.

Simon Property Group announced that its Board of Directors has authorized a share buyback program on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have commented on SPG. Stifel Nicolaus boosted their price target on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Tuesday, January 20th. Barclays reissued a “positive” rating and set a $188.00 price target on shares of Simon Property Group in a research report on Tuesday, January 13th. Evercore boosted their price target on Simon Property Group from $188.00 to $198.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 3rd. Finally, Citigroup increased their price objective on Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Simon Property Group currently has an average rating of “Hold” and an average target price of $197.93.

Insider Activity

In other Simon Property Group news, Director Daniel C. Smith purchased 347 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, for a total transaction of $64,542.00. Following the completion of the transaction, the director owned 32,680 shares in the company, valued at approximately $6,078,480. This represents a 1.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Glyn Aeppel acquired 216 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, with a total value of $40,176.00. Following the completion of the acquisition, the director directly owned 19,481 shares in the company, valued at approximately $3,623,466. This represents a 1.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 2,192 shares of company stock worth $407,712. Insiders own 8.66% of the company’s stock.

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.