ING Groep NV Sells 29,166 Shares of Simon Property Group, Inc. $SPG

ING Groep NV decreased its position in Simon Property Group, Inc. (NYSE:SPG) by 72.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,208 shares of the real estate investment trust’s stock after selling 29,166 shares during the quarter. ING Groep NV’s holdings in Simon Property Group were worth $2,103,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Silicon Valley Capital Partners bought a new position in shares of Simon Property Group in the 2nd quarter worth approximately $30,000. VSM Wealth Advisory LLC purchased a new stake in Simon Property Group during the second quarter valued at approximately $30,000. 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 worth $39,000 after acquiring an additional 123 shares during the period. Salomon & Ludwin LLC bought a new position in Simon Property Group in the third quarter worth approximately $39,000. Finally, City Holding Co. purchased a new position in shares of Simon Property Group during the 3rd quarter worth $40,000. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SPG shares. Scotiabank upped their price objective on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. UBS Group raised their price objective on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Tuesday, January 20th. Finally, Citigroup raised their target price on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $197.93.

Simon Property Group Stock Up 2.8%

Shares of SPG opened at $196.86 on Friday. The business’s 50 day moving average is $186.97 and its 200 day moving average is $181.55. 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 $201.40. The company has a market capitalization of $64.27 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 7.03 and a beta of 1.39.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $3.68 EPS. 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 fiscal year.

Simon Property Group Announces Dividend

The business also recently declared 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. This represents a $8.80 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s payout ratio is currently 62.06%.

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

Insiders Place Their Bets

In other news, Director Stefan M. Selig bought 201 shares of Simon Property Group stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $37,386.00. Following the completion of the acquisition, the director owned 32,277 shares of the company’s stock, valued at $6,003,522. This trade represents a 0.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glyn Aeppel purchased 216 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $40,176.00. Following the completion of the purchase, the director owned 19,481 shares of the company’s stock, valued at $3,623,466. The trade was a 1.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 2,192 shares of company stock worth $407,712. 8.66% 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.