Simon Property Group, Inc. $SPG Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,587 shares of the real estate investment trust’s stock after selling 12,136 shares during the period. Nisa Investment Advisors LLC’s holdings in Simon Property Group were worth $23,205,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPG. Diversify Advisory Services LLC increased its holdings in Simon Property Group by 4.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 5,460 shares of the real estate investment trust’s stock worth $1,110,000 after acquiring an additional 220 shares during the last quarter. Genesee Capital Advisors LLC raised its stake in Simon Property Group by 1.1% in the 3rd quarter. Genesee Capital Advisors LLC now owns 5,348 shares of the real estate investment trust’s stock valued at $1,074,000 after acquiring an additional 56 shares during the period. Focused Alpha LLC purchased a new stake in Simon Property Group during the third quarter valued at about $519,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Simon Property Group by 5.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 129,734 shares of the real estate investment trust’s stock valued at $26,045,000 after purchasing an additional 6,475 shares during the last quarter. Finally, Novem Group lifted its holdings in Simon Property Group by 1.8% during the third quarter. Novem Group now owns 6,453 shares of the real estate investment trust’s stock valued at $1,295,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Insider Activity

In other news, Director Marta Stewart purchased 199 shares of the stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average cost of $202.78 per share, with a total value of $40,353.22. Following the completion of the acquisition, the director owned 18,199 shares in the company, valued at $3,690,393.22. This represents a 1.11% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel Smith acquired 350 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average price of $202.78 per share, with a total value of $70,973.00. Following the completion of the transaction, the director directly owned 34,830 shares of the company’s stock, valued at $7,062,827.40. This trade represents a 1.02% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 1,668 shares of company stock valued at $338,237. 8.73% of the stock is currently owned by insiders.

Simon Property Group Stock Performance

NYSE:SPG opened at $205.52 on Thursday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. Simon Property Group, Inc. has a 52-week low of $172.19 and a 52-week high of $238.50. The firm has a market cap of $66.50 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 3.19 and a beta of 1.30. The business’s fifty day moving average is $208.06 and its 200 day moving average is $211.07.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company posted $1.70 EPS. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Research analysts predict that Simon Property Group, Inc. will post 13.23 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.4%. Simon Property Group’s dividend payout ratio is currently 63.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. UBS Group lowered their price target on shares of Simon Property Group from $222.00 to $205.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Barclays dropped their price target on shares of Simon Property Group from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, September 28th. Citigroup upped their price target on shares of Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday, August 17th. Finally, Bank of America raised their price objective on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $224.07.

Simon Property Group Company Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.