Land & Buildings Investment Management LLC Has $38.70 Million Stock Holdings in Simon Property Group, Inc. $SPG

Land & Buildings Investment Management LLC grew its position in Simon Property Group, Inc. (NYSE:SPG) by 43.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 206,225 shares of the real estate investment trust’s stock after buying an additional 62,180 shares during the quarter. Simon Property Group accounts for 7.1% of Land & Buildings Investment Management LLC’s holdings, making the stock its 2nd largest holding. Land & Buildings Investment Management LLC owned about 0.06% of Simon Property Group worth $38,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPG. VSM Wealth Advisory LLC purchased a new stake in Simon Property Group in the second quarter worth about $30,000. Silicon Valley Capital Partners bought a new position in Simon Property Group during the 2nd quarter worth about $30,000. Bell Investment Advisors Inc increased its position in Simon Property Group by 205.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 146 shares during the period. Salomon & Ludwin LLC purchased a new position in Simon Property Group during the 3rd quarter valued at about $39,000. Finally, Atlantic Union Bankshares Corp raised its holdings in shares of Simon Property Group by 143.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Insider Activity

In other Simon Property Group news, Director Reuben S. Leibowitz bought 480 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, with a total value of $89,280.00. Following the transaction, the director directly owned 53,639 shares of the company’s stock, valued at approximately $9,976,854. This represents a 0.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glyn Aeppel purchased 216 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was acquired at an average price 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. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 2,192 shares of company stock worth $407,712. Company insiders own 8.60% of the company’s stock.

Simon Property Group Stock Up 1.3%

Shares of Simon Property Group stock opened at $189.32 on Tuesday. The firm’s 50 day moving average price is $192.39 and its 200-day moving average price is $185.68. 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, Inc. has a 52-week low of $136.34 and a 52-week high of $205.12. The company has a market cap of $61.52 billion, a P/E ratio of 13.35, a PEG ratio of 6.16 and a beta of 1.35.

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 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 net margin of 72.71% and a return on equity of 124.12%. 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 company posted $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, sell-side analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

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

Simon Property Group Dividend Announcement

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 issued a dividend of $2.20 per share. 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 currently 62.06%.

Analyst Ratings Changes

SPG has been the subject of several research reports. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research report on Friday, January 16th. Truist Financial boosted their price objective on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. UBS Group upped their target price on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Finally, Stifel Nicolaus lifted their price target on Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $199.36.

About Simon Property Group

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.