Wellington Management Group LLP Raises Stock Holdings in Simon Property Group, Inc. $SPG

Wellington Management Group LLP increased its holdings in Simon Property Group, Inc. (NYSE:SPG) by 634.5% in the 3rd quarter, Holdings Channel reports. The fund owned 7,370,089 shares of the real estate investment trust’s stock after buying an additional 6,366,711 shares during the quarter. Wellington Management Group LLP’s holdings in Simon Property Group were worth $1,383,145,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Simon Property Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after purchasing an additional 844,190 shares in the last quarter. State Street Corp boosted its position in shares of Simon Property Group by 1.1% in the 2nd quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock worth $3,448,703,000 after purchasing an additional 228,819 shares in the last quarter. Capital World Investors grew its stake in shares of Simon Property Group by 45.0% in the 3rd quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock worth $1,573,450,000 after buying an additional 2,600,508 shares during the last quarter. Norges Bank purchased a new stake in shares of Simon Property Group in the 2nd quarter worth approximately $1,051,262,000. Finally, JPMorgan Chase & Co. increased its position in Simon Property Group by 34.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock valued at $1,046,943,000 after buying an additional 1,660,188 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on SPG. Morgan Stanley set a $205.00 target price on Simon Property Group in a report on Friday, January 16th. Evercore raised their price target on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a report on Tuesday, February 3rd. Scotiabank lifted their price target on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Finally, Barclays raised their price objective on shares of Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $199.36.

Simon Property Group Stock Down 0.4%

SPG opened at $186.78 on Friday. The stock has a market capitalization of $60.69 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 6.18 and a beta of 1.36. The firm has a 50 day moving average price of $192.26 and a 200-day moving average price of $185.50. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $205.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

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

Simon Property Group Announces Dividend

The company also recently disclosed 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 4.7%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

Simon Property Group declared that its board has approved a stock buyback program on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Larry C. Glasscock acquired 363 shares of the stock in a transaction dated Wednesday, December 31st. The shares were acquired 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 directly owned 43,899 shares of the company’s stock, valued at approximately $8,165,214. The trade was a 0.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Glyn Aeppel bought 216 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, for a total transaction of $40,176.00. Following the purchase, the director directly owned 19,481 shares in the company, valued at $3,623,466. This trade represents a 1.12% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 2,192 shares of company stock worth $407,712 in the last 90 days. Company 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.