Simon Property Group, Inc. $SPG Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its position in Simon Property Group, Inc. (NYSE:SPG) by 7.3% in the third quarter, Holdings Channel reports. The fund owned 973,895 shares of the real estate investment trust’s stock after selling 76,691 shares during the period. Schroder Investment Management Group’s holdings in Simon Property Group were worth $182,771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 valued at $8,761,093,000 after purchasing an additional 844,190 shares in the last quarter. State Street Corp grew its stake in shares of Simon Property Group by 1.1% during the second quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock worth $3,448,703,000 after purchasing an additional 228,819 shares in the last quarter. Geode Capital Management LLC increased its holdings in Simon Property Group by 1.3% in 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 buying an additional 127,636 shares during the last quarter. Norges Bank purchased a new position in Simon Property Group in the second quarter valued at $1,051,262,000. Finally, JPMorgan Chase & Co. raised its stake in 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 valued at $1,046,943,000 after buying an additional 1,660,188 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on SPG shares. Scotiabank lifted their price target on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. JPMorgan Chase & Co. boosted their target price on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Mizuho set a $192.00 price target on Simon Property Group in a report on Friday, January 9th. Finally, Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research note on Friday, January 16th. 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, the company presently has a consensus rating of “Hold” and an average price target of $199.36.

Insider Buying and Selling

In other Simon Property Group news, Director Stefan M. Selig purchased 201 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $37,386.00. Following the transaction, the director directly owned 32,277 shares in the company, valued at $6,003,522. This trade represents a 0.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Larry C. Glasscock acquired 363 shares of the stock in a transaction on Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, for a total transaction of $67,518.00. Following the completion of the transaction, the director directly owned 43,899 shares in the company, valued at $8,165,214. The trade was a 0.83% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 2,192 shares of company stock valued at $407,712 in the last 90 days. Company insiders own 8.60% of the company’s stock.

Simon Property Group Stock Down 1.1%

SPG opened at $192.76 on Tuesday. The business’s 50-day simple moving average is $191.98 and its 200-day simple moving average is $185.28. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $205.12. The stock has a market capitalization of $62.64 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 6.42 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 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.02. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a $2.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.6%. Simon Property Group’s payout ratio is currently 62.06%.

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

Simon Property Group Company 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.