Simon Property Group, Inc. $SPG Position Increased by Land & Buildings Investment Management LLC

Land & Buildings Investment Management LLC raised its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 43.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,225 shares of the real estate investment trust’s stock after purchasing an additional 62,180 shares during the quarter. Simon Property Group comprises 7.1% of Land & Buildings Investment Management LLC’s holdings, making the stock its 2nd biggest position. Land & Buildings Investment Management LLC’s holdings in Simon Property Group were worth $38,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Colonial Trust Co SC lifted its stake in shares of 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 worth $59,000 after buying an additional 65 shares during the period. Howard Capital Management Inc. increased its position in shares of 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 valued at $408,000 after acquiring an additional 66 shares during the period. TIAA Trust National Association raised its stake in Simon Property Group by 3.9% in the 3rd quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 67 shares during the last quarter. SageView Advisory Group LLC raised its stake in Simon Property Group by 3.5% in the 2nd quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock worth $344,000 after acquiring an additional 71 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its position in Simon Property Group by 8.4% during the 3rd quarter. Y.D. More Investments Ltd now owns 959 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 74 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling

In other news, Director Glyn Aeppel bought 216 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $40,176.00. Following the acquisition, the director directly owned 19,481 shares in the company, valued at $3,623,466. This trade represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Reuben S. Leibowitz bought 480 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $89,280.00. Following the completion of the acquisition, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This represents a 0.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 2,192 shares of company stock valued at $407,712 in the last three months. 8.60% of the stock is currently owned by company insiders.

Simon Property Group Price Performance

Shares of SPG opened at $189.32 on Tuesday. The business’s 50-day moving average is $192.39 and its two-hundred day moving average is $185.68. The company has a market capitalization of $61.52 billion, a P/E ratio of 13.35, a P/E/G ratio of 6.16 and a beta of 1.35. 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 fifty-two week low of $136.34 and a fifty-two week high of $205.12.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data 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. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $3.68 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

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

Simon Property Group Dividend Announcement

The business also recently declared 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 4.6%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Wall Street Analyst Weigh In

Several analysts have weighed in on SPG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Scotiabank raised their price objective on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Evercore lifted their target price on Simon Property Group from $188.00 to $198.00 and gave the stock an “in-line” rating in a report on Tuesday, February 3rd. Truist Financial upped their target price on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Finally, UBS Group increased their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $199.36.

Simon Property Group 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.