Van ECK Associates Corp Boosts Stock Position in Simon Property Group, Inc. $SPG

Van ECK Associates Corp increased its position in Simon Property Group, Inc. (NYSE:SPG) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,703 shares of the real estate investment trust’s stock after acquiring an additional 15,024 shares during the quarter. Van ECK Associates Corp’s holdings in Simon Property Group were worth $34,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Colonial Trust Co SC raised its holdings in Simon Property Group by 25.7% during the third quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 65 shares during the period. Howard Capital Management Inc. boosted its stake in Simon Property Group by 3.1% in the 3rd quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 66 shares during the period. TIAA Trust National Association grew its holdings in Simon Property Group by 3.9% during the 3rd quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 67 shares in the last quarter. Wealth Alliance LLC grew its holdings in Simon Property Group by 1.9% during the 2nd quarter. Wealth Alliance LLC now owns 3,845 shares of the real estate investment trust’s stock valued at $618,000 after buying an additional 70 shares in the last quarter. Finally, SageView Advisory Group LLC raised its position in shares of Simon Property Group by 3.5% during the second quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 71 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Down 1.4%

NYSE:SPG opened at $189.47 on Thursday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $61.57 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 6.33 and a beta of 1.36. The company has a 50-day moving average of $192.17 and a 200 day moving average of $185.41. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $205.12.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business posted $3.68 EPS. The company’s quarterly 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. As a group, research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group declared that its Board of Directors has initiated a stock 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 purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Simon Property Group Announces Dividend

The business 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 dividend of $2.20 per share. 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 dividend payout ratio is currently 62.06%.

Insider Activity at Simon Property Group

In related news, Director Reuben S. Leibowitz bought 480 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, with a total value of $89,280.00. Following the transaction, the director 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary M. Rodkin purchased 226 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the acquisition, the director directly owned 19,455 shares in the company, valued at approximately $3,618,630. This trade represents a 1.18% 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 over the last 90 days. Insiders own 8.66% of the company’s stock.

Analysts Set New Price Targets

SPG has been the topic of a number of research reports. Morgan Stanley set a $205.00 price objective on Simon Property Group in a research note on Friday, January 16th. Truist Financial boosted their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Stifel Nicolaus raised their price target on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.