NEOS Investment Management LLC Grows Stock Position in Simon Property Group, Inc. $SPG

NEOS Investment Management LLC lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 79.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 71,823 shares of the real estate investment trust’s stock after acquiring an additional 31,869 shares during the period. NEOS Investment Management LLC’s holdings in Simon Property Group were worth $13,479,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in shares of Simon Property Group by 68.8% in the 2nd quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock valued at $20,081,000 after acquiring an additional 50,932 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Simon Property Group by 15.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust’s stock worth $12,521,000 after purchasing an additional 8,965 shares during the last quarter. National Pension Service lifted its position in Simon Property Group by 3.2% during the third quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock valued at $202,743,000 after purchasing an additional 33,758 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Simon Property Group by 8.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 119,798 shares of the real estate investment trust’s stock valued at $22,482,000 after purchasing an additional 9,267 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Simon Property Group by 740.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 177,568 shares of the real estate investment trust’s stock worth $28,546,000 after purchasing an additional 156,448 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPG. Piper Sandler restated an “overweight” rating and issued a $230.00 target price (up previously from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Citigroup lifted their target price on shares of Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Evercore raised their price target on shares of Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research report on Tuesday, February 3rd. Mizuho set a $192.00 target price on Simon Property Group in a research report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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 research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and a consensus target price of $197.93.

Insider Buying and Selling

In other Simon Property Group news, Director Glyn Aeppel purchased 216 shares of the stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, for a total transaction of $40,176.00. Following the acquisition, the director owned 19,481 shares in the company, valued at $3,623,466. This trade represents a 1.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry C. Glasscock bought 363 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, for a total transaction of $67,518.00. Following the transaction, the director directly owned 43,899 shares of the company’s stock, valued at $8,165,214. The trade was a 0.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 2,192 shares of company stock valued at $407,712. 8.66% of the stock is currently owned by company insiders.

Simon Property Group Stock Performance

SPG opened at $201.99 on Wednesday. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $202.09. The firm has a market capitalization of $65.94 billion, a PE ratio of 14.24, a PEG ratio of 7.23 and a beta of 1.39. 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 firm’s 50-day moving average price is $187.72 and its 200 day moving average price is $182.28.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $3.68 earnings per share. The business’s 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, sell-side analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.4%. Simon Property Group’s dividend payout ratio (DPR) is 62.06%.

Simon Property Group declared that its Board of Directors has initiated a share 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 repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.