Simon Property Group, Inc. $SPG Shares Sold by Presima Securities ULC

Presima Securities ULC lessened its stake in Simon Property Group, Inc. (NYSE:SPG) by 31.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,894 shares of the real estate investment trust’s stock after selling 3,679 shares during the quarter. Presima Securities ULC’s holdings in Simon Property Group were worth $1,481,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Simon Property Group by 1.8% during the 3rd 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 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 valued at $3,448,703,000 after buying an additional 228,819 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Simon Property Group by 1.3% during the second quarter. Geode Capital Management LLC now owns 9,592,471 shares of the real estate investment trust’s stock valued at $1,536,565,000 after acquiring an additional 127,636 shares in the last quarter. Norges Bank purchased a new stake in shares of Simon Property Group during the second quarter worth about $1,051,262,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Simon Property Group by 34.2% in the second 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. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

Shares of SPG opened at $199.63 on Thursday. The stock has a market capitalization of $65.17 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 7.41 and a beta of 1.39. The business’s fifty day moving average price is $188.08 and its 200 day moving average price is $182.40. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 1.44. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $203.00.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping 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 company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $3.68 earnings per share. The firm’s 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. Equities research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.4%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SPG shares. Morgan Stanley set a $205.00 price objective on Simon Property Group in a research note on Friday, January 16th. Piper Sandler reiterated an “overweight” rating and set a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. UBS Group lifted their price target on shares of 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 raised 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 report on Tuesday, January 20th. Finally, Evercore raised their price objective on shares of Simon Property Group from $188.00 to $198.00 and gave the stock an “in-line” rating in a report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Simon Property Group presently has a consensus rating of “Hold” and a consensus price target of $197.93.

Insider Buying and Selling

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

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.