Vanguard Group Inc. Boosts Stock Position in Simon Property Group, Inc. $SPG

Vanguard Group Inc. boosted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,683,502 shares of the real estate investment trust’s stock after acquiring an additional 844,190 shares during the quarter. Vanguard Group Inc. owned about 0.14% of Simon Property Group worth $8,761,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of SPG. Silicon Valley Capital Partners acquired a new stake in shares of Simon Property Group during the second quarter worth $30,000. VSM Wealth Advisory LLC purchased a new position in Simon Property Group during the 2nd quarter worth $30,000. Atlantic Union Bankshares Corp raised its position in Simon Property Group by 143.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 123 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Simon Property Group in the 3rd quarter worth $39,000. Finally, City Holding Co. purchased a new stake in shares of Simon Property Group in the third quarter valued at about $40,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Up 2.8%

SPG stock opened at $196.86 on Tuesday. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $201.40. The company has a quick ratio of 1.44, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. The stock has a market cap of $64.27 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 7.23 and a beta of 1.39. The firm’s 50-day simple moving average is $187.31 and its 200 day simple moving average is $181.99.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results 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 business’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 business posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, sell-side analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current 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 repurchase $2.00 billion in shares. This repurchase authorization allows the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Simon Property Group Announces Dividend

The company also recently disclosed 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. 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 dividend payout ratio (DPR) is presently 62.06%.

Insiders Place Their Bets

In other Simon Property Group news, Director Reuben S. Leibowitz bought 480 shares of the stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, with a total value of $89,280.00. Following the acquisition, the director directly owned 53,639 shares of the company’s stock, valued at $9,976,854. This represents a 0.90% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary M. Rodkin bought 226 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the transaction, the director owned 19,455 shares of the company’s stock, valued at $3,618,630. This represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 2,192 shares of company stock worth $407,712 in the last quarter. Corporate insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

SPG has been the topic of a number of analyst reports. Scotiabank lifted their price objective on Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Truist Financial lifted their target price on shares of Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Mizuho set a $192.00 target price on shares of Simon Property Group in a report on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Tuesday, January 20th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $197.93.

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.