Simon Property Group, Inc. $SPG Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP reduced its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 46.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,541 shares of the real estate investment trust’s stock after selling 18,726 shares during the period. Brevan Howard Capital Management LP’s holdings in Simon Property Group were worth $4,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SPG. Norges Bank bought a new stake in Simon Property Group in the second quarter valued at about $1,051,262,000. Wellington Management Group LLP lifted its holdings in Simon Property Group by 634.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock worth $1,383,145,000 after buying an additional 6,366,711 shares during the last quarter. Capital World Investors lifted its holdings in Simon Property Group by 45.0% during 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. JPMorgan Chase & Co. grew its position in shares of Simon Property Group by 34.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock worth $1,046,943,000 after acquiring an additional 1,660,188 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Simon Property Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock worth $8,761,093,000 after acquiring an additional 844,190 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

Shares of NYSE SPG opened at $186.78 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 4.42. The stock has a 50 day simple moving average of $192.26 and a 200-day simple moving average of $185.61. The company has a market cap of $60.69 billion, a PE ratio of 13.17, a P/E/G ratio of 6.16 and a beta of 1.35. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $205.12.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating the consensus estimate of $3.47 by $0.02. The firm had revenue of $1.79 billion for 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%.The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, equities research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is 62.06%.

Simon Property Group announced that its Board of Directors has authorized a share repurchase 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 repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently issued reports on SPG. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. UBS Group boosted their target price on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Truist Financial increased their target price on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, March 2nd. Citigroup raised their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Mizuho set a $192.00 price target on shares of Simon Property Group in a report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and an average price target of $199.36.

Insider Activity at Simon Property Group

In related news, Director Glyn Aeppel acquired 216 shares of the business’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 completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Larry C. Glasscock acquired 363 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, with a total value of $67,518.00. Following the acquisition, the director directly owned 43,899 shares of the company’s stock, valued at approximately $8,165,214. This trade represents a 0.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 2,192 shares of company stock valued at $407,712. 8.60% of the stock is owned by corporate insiders.

Simon Property Group 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.