ING Groep NV Sells 29,166 Shares of Simon Property Group, Inc. $SPG

ING Groep NV cut its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 72.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,208 shares of the real estate investment trust’s stock after selling 29,166 shares during the period. ING Groep NV’s holdings in Simon Property Group were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Silicon Valley Capital Partners purchased a new stake in shares of Simon Property Group in the second quarter valued at $30,000. VSM Wealth Advisory LLC bought a new position in Simon Property Group during the 2nd quarter valued at about $30,000. Atlantic Union Bankshares Corp raised its position in Simon Property Group by 143.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 123 shares during the period. Salomon & Ludwin LLC purchased a new stake in Simon Property Group in the 3rd quarter worth about $39,000. Finally, City Holding Co. bought a new stake in Simon Property Group in the third quarter worth about $40,000. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $196.86 on Friday. The company has a current ratio of 0.90, a quick ratio of 1.44 and a debt-to-equity ratio of 4.42. The stock’s fifty day moving average price is $186.97 and its 200-day moving average price is $181.55. The firm has a market cap of $64.27 billion, a P/E ratio of 13.88, a P/E/G ratio of 7.03 and a beta of 1.39. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $201.40.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, equities research analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $2.20 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.5%. Simon Property Group’s payout ratio is 62.06%.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SPG shares. Morgan Stanley set a $205.00 price target on Simon Property Group in a report on Friday, January 16th. Citigroup increased their target price on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Piper Sandler reissued an “overweight” rating and set a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Finally, Stifel Nicolaus lifted their price objective on shares of Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $197.93.

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 Simon Property Group stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, with a total value of $42,036.00. Following the completion of the transaction, the director owned 19,455 shares in the company, valued at approximately $3,618,630. This represents a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 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.

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.