Vestmark Advisory Solutions Inc. Sells 2,503 Shares of Simon Property Group, Inc. $SPG

Vestmark Advisory Solutions Inc. lessened its holdings in Simon Property Group, Inc. (NYSE:SPG) by 34.5% during the third quarter, HoldingsChannel reports. The firm owned 4,761 shares of the real estate investment trust’s stock after selling 2,503 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Simon Property Group were worth $893,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Lansforsakringar Fondforvaltning AB publ lifted its position in shares of Simon Property Group by 4.1% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 103,404 shares of the real estate investment trust’s stock worth $19,406,000 after buying an additional 4,043 shares during the last quarter. White Pine Capital LLC grew its position in Simon Property Group by 13.0% in the third quarter. White Pine Capital LLC now owns 3,954 shares of the real estate investment trust’s stock valued at $742,000 after acquiring an additional 455 shares during the last quarter. Raiffeisen Bank International AG raised its stake in Simon Property Group by 98.6% during the third quarter. Raiffeisen Bank International AG now owns 6,112 shares of the real estate investment trust’s stock worth $1,136,000 after acquiring an additional 3,035 shares in the last quarter. New Millennium Group LLC acquired a new position in Simon Property Group during the third quarter worth about $60,000. Finally, Y.D. More Investments Ltd lifted its holdings in shares of Simon Property Group by 8.4% in the third 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 last quarter. Institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling

In other news, Director Gary M. Rodkin bought 226 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the acquisition, the director directly owned 19,455 shares in the company, valued at approximately $3,618,630. This represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Reuben S. Leibowitz purchased 480 shares of the firm’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 completion of the acquisition, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This trade represents a 0.90% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 2,192 shares of company stock worth $407,712. Corporate insiders own 8.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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 report on Tuesday, January 20th. Stifel Nicolaus boosted their target price on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research note on Tuesday, February 3rd. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a report on Friday, January 16th. Evercore raised their price objective on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a report on Tuesday, February 3rd. Finally, Piper Sandler restated an “overweight” rating and set a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and a consensus price target of $197.93.

Simon Property Group Stock Performance

NYSE SPG opened at $202.68 on Friday. The company has a market capitalization of $66.17 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 6.64 and a beta of 1.39. The company has a quick ratio of 1.44, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $204.05. The stock has a fifty day simple moving average of $190.18 and a 200 day simple moving average of $183.73.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping the consensus estimate of $3.47 by $0.02. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Sell-side analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group announced that its board has approved a stock repurchase program on Thursday, February 5th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the real estate investment trust to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Simon Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a dividend of $2.20 per share. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.3%. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

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.