Simon Property Group, Inc. $SPG Shares Sold by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC lessened its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 506,392 shares of the real estate investment trust’s stock after selling 7,668 shares during the period. Simon Property Group makes up about 3.7% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 8th biggest position. Lasalle Investment Management Securities LLC owned approximately 0.16% of Simon Property Group worth $95,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Simon Property Group during the second quarter valued at $30,000. Silicon Valley Capital Partners purchased a new position in Simon Property Group in the 2nd quarter worth $30,000. Bell Investment Advisors Inc lifted its position in Simon Property Group by 205.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 146 shares during the period. Salomon & Ludwin LLC purchased a new stake in Simon Property Group during the 3rd quarter valued at about $39,000. Finally, Atlantic Union Bankshares Corp grew its stake 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 valued at $39,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insiders Place Their Bets

In related news, Director Stefan M. Selig acquired 201 shares of Simon Property Group 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 $37,386.00. Following the completion of the transaction, the director owned 32,277 shares of the company’s stock, valued at approximately $6,003,522. The trade was a 0.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary M. Rodkin bought 226 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the transaction, the director owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 2,192 shares of company stock valued at $407,712. 8.66% of the stock is owned by insiders.

Simon Property Group Stock Up 0.6%

SPG opened at $203.85 on Friday. The company has a fifty day moving average of $190.56 and a two-hundred day moving average of $184.10. The stock has a market capitalization of $66.55 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 6.73 and a beta of 1.39. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $205.12. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.44 and a current ratio of 0.90.

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

Simon Property Group announced that its board has initiated a stock buyback 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 repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Simon Property Group Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on SPG shares. Morgan Stanley set a $205.00 price objective on Simon Property Group in a research note on Friday, January 16th. Truist Financial lifted their price objective on shares of Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Stifel Nicolaus raised their target price on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $197.93.

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.