Simon Property Group, Inc. $SPG Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 245,028 shares of the real estate investment trust’s stock after selling 4,460 shares during the quarter. Retirement Systems of Alabama owned about 0.08% of Simon Property Group worth $49,192,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC acquired a new position in Simon Property Group during the 2nd quarter valued at about $27,000. Fulcrum Asset Management LLP bought a new stake in shares of Simon Property Group during the 3rd quarter worth about $27,000. Osbon Capital Management LLC bought a new stake in shares of Simon Property Group during the 2nd quarter worth about $32,000. Fiduciary Financial Advisors bought a new stake in shares of Simon Property Group during the 2nd quarter worth about $34,000. Finally, N.E.W. Advisory Services LLC lifted its stake in shares of Simon Property Group by 335.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $234.79 on Wednesday. Simon Property Group, Inc. has a one year low of $177.88 and a one year high of $238.50. The stock has a fifty day moving average of $208.79 and a 200-day moving average of $207.25. The company has a market capitalization of $75.97 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 3.56 and a beta of 1.27. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.05 and a current ratio of 0.74.

Simon Property Group (NYSE:SPG) last issued its earnings results on Thursday, November 5th. The real estate investment trust reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $1.68. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Simon Property Group had a return on equity of 78.14% and a net margin of 63.08%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.22 EPS. Simon Property Group has set its FY 2026 guidance at 13.300-13.400 EPS. As a group, equities analysts anticipate that Simon Property Group, Inc. will post 13.35 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $9.20 dividend on an annualized basis and a yield of 3.9%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.25. Simon Property Group’s dividend payout ratio (DPR) is 66.38%.

Analyst Ratings Changes

Several research analysts have recently issued reports on SPG shares. The Goldman Sachs Group decreased their price objective on shares of Simon Property Group from $242.00 to $228.00 in a report on Wednesday, October 7th. BMO Capital Markets raised their price objective on shares of Simon Property Group from $230.00 to $250.00 and gave the company a “market perform” rating in a research note on Monday, August 17th. Scotiabank dropped their target price on Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Stifel Nicolaus boosted their target price on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Finally, Mizuho upped their target price on Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $228.67.

Insider Transactions at Simon Property Group

In other news, Director Gary M. Rodkin acquired 232 shares of Simon Property Group stock in a transaction on Wednesday, September 30th. The stock was bought at an average cost of $202.78 per share, with a total value of $47,044.96. Following the completion of the purchase, the director owned 21,248 shares of the company’s stock, valued at $4,308,669.44. This represents a 1.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marta R. Stewart bought 199 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was purchased at an average price of $202.78 per share, with a total value of $40,353.22. Following the completion of the acquisition, the director owned 18,199 shares of the company’s stock, valued at approximately $3,690,393.22. This trade represents a 1.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 1,668 shares of company stock worth $338,237 in the last three months. Insiders own 8.73% of the company’s stock.

Simon Property Group Profile

Simon Property Group is a real estate investment trust that owns, develops and manages shopping, dining and entertainment destinations. Its portfolio includes regional malls, premium outlet centers and mixed-use properties, which combine retail with other uses such as restaurants and entertainment. The company’s properties are located primarily in the United States, with additional investments and operations in international markets, including Europe and Asia. Its business activities include leasing space to retailers and other tenants, operating properties and investing in redevelopment and expansion projects.