Van ECK Associates Corp Grows Holdings in Simon Property Group, Inc. $SPG

Van ECK Associates Corp increased its holdings in Simon Property Group, Inc. (NYSE:SPG) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,703 shares of the real estate investment trust’s stock after acquiring an additional 15,024 shares during the quarter. Van ECK Associates Corp owned about 0.06% of Simon Property Group worth $34,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of SPG. Capital World Investors lifted its holdings in shares of Simon Property Group by 45.0% during the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock valued at $1,573,450,000 after purchasing an additional 2,600,508 shares during the last quarter. Capital International Sarl boosted its holdings in Simon Property Group by 1.5% in the third quarter. Capital International Sarl now owns 5,648 shares of the real estate investment trust’s stock worth $1,060,000 after acquiring an additional 86 shares in the last quarter. Capital International Inc. CA grew its stake in shares of Simon Property Group by 127.8% in the third quarter. Capital International Inc. CA now owns 74,085 shares of the real estate investment trust’s stock worth $13,904,000 after acquiring an additional 41,560 shares during the last quarter. LGT Group Foundation increased its holdings in shares of Simon Property Group by 1.2% during the third quarter. LGT Group Foundation now owns 71,463 shares of the real estate investment trust’s stock valued at $13,275,000 after acquiring an additional 875 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Simon Property Group by 3.7% during the third quarter. Russell Investments Group Ltd. now owns 1,219,996 shares of the real estate investment trust’s stock valued at $228,914,000 after acquiring an additional 43,766 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Down 1.4%

Shares of SPG stock opened at $189.47 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 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 $205.12. The stock has a market capitalization of $61.57 billion, a P/E ratio of 13.36, a P/E/G ratio of 6.33 and a beta of 1.36. The firm’s 50 day moving average is $192.17 and its 200 day moving average is $185.41.

Simon Property Group (NYSE:SPG) last announced its 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 net margin of 72.71% and a return on equity of 124.12%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the business earned $3.68 EPS. The company’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. Research analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share 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. Stockholders of record on Tuesday, March 10th will be paid a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is 62.06%.

Simon Property Group announced that its board has initiated a stock buyback plan on Thursday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of 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. JPMorgan Chase & Co. boosted their price objective on shares of Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Truist Financial upped their price objective on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Citigroup increased their target price on Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, Morgan Stanley set a $205.00 price target on Simon Property Group in a research note on Friday, January 16th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $199.36.

Insider Buying and Selling

In other Simon Property Group news, Director Larry C. Glasscock bought 363 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, for a total transaction of $67,518.00. Following the completion of the transaction, the director owned 43,899 shares of the company’s stock, valued at $8,165,214. This represents a 0.83% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel C. Smith bought 347 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, with a total value of $64,542.00. Following the completion of the acquisition, the director owned 32,680 shares of the company’s stock, valued at $6,078,480. The trade was a 1.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 2,192 shares of company stock valued at $407,712 in the last 90 days. 8.66% of the stock is owned by insiders.

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.