Edgar Lomax Co. VA Has $8.84 Million Stake in Simon Property Group, Inc. $SPG

Edgar Lomax Co. VA reduced its position in Simon Property Group, Inc. (NYSE:SPG) by 22.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,085 shares of the real estate investment trust’s stock after selling 13,830 shares during the quarter. Edgar Lomax Co. VA’s holdings in Simon Property Group were worth $8,836,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts recently weighed in on SPG shares. Mizuho set a $192.00 price objective on Simon Property Group in a research note on Friday, January 9th. Citigroup raised their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. UBS Group lifted their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research note on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and an average price target of $199.36.

Simon Property Group Stock Down 1.0%

Shares of NYSE SPG opened at $201.13 on Friday. The company has a 50 day simple moving average of $191.74 and a 200 day simple moving average of $184.84. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $205.12. The firm has a market cap of $65.66 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 6.69 and a beta of 1.36.

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

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors 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 yield of 4.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group declared that its Board of Directors has authorized a share repurchase program on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, Director Daniel C. Smith acquired 347 shares of the business’s 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 $64,542.00. Following the completion of the purchase, the director directly owned 32,680 shares in the company, valued at $6,078,480. The trade was a 1.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Reuben S. Leibowitz bought 480 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the completion of the acquisition, the director directly owned 53,639 shares of the company’s stock, valued at $9,976,854. The trade was a 0.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 2,192 shares of company stock worth $407,712. 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.