Simon Property Group, Inc. $SPG Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP decreased its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 46.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,541 shares of the real estate investment trust’s stock after selling 18,726 shares during the period. Brevan Howard Capital Management LP’s holdings in Simon Property Group were worth $4,043,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPG. VSM Wealth Advisory LLC bought a new position in Simon Property Group during the 2nd quarter valued at $30,000. Silicon Valley Capital Partners bought a new position in Simon Property Group during the second quarter valued at about $30,000. Bell Investment Advisors Inc grew its holdings in Simon Property Group by 205.6% during the second 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 acquired a new position in Simon Property Group during the third quarter worth about $39,000. Finally, Atlantic Union Bankshares Corp raised its position in Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SPG shares. Truist Financial upped their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Citigroup boosted their target price on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Barclays increased their target price on shares of Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. UBS Group raised their target price on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and an average price target of $199.36.

Simon Property Group Trading Down 0.4%

Simon Property Group stock opened at $186.78 on Monday. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $205.12. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $60.69 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 6.16 and a beta of 1.35. The company has a 50 day moving average price of $192.26 and a 200 day moving average price of $185.61.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.02. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The company’s revenue was up 13.2% on a year-over-year basis. 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. Research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The firm also recently declared 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. This represents a $8.80 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s payout ratio is presently 62.06%.

Simon Property Group declared that its Board of Directors has approved a share buyback plan on Thursday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 480 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $89,280.00. Following the purchase, the director owned 53,639 shares in the company, valued at approximately $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 link. Also, Director Stefan M. Selig acquired 201 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 $37,386.00. Following the completion of the transaction, the director directly owned 32,277 shares in the company, valued at approximately $6,003,522. This trade represents a 0.63% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 2,192 shares of company stock worth $407,712. 8.60% of the stock is currently owned by company insiders.

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.