Simon Property Group, Inc. $SPG Stock Position Increased by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Simon Property Group, Inc. (NYSE:SPG) by 145.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,958 shares of the real estate investment trust’s stock after purchasing an additional 14,199 shares during the period. SG Americas Securities LLC’s holdings in Simon Property Group were worth $4,496,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Simon Property Group during the fourth quarter worth approximately $295,000. Geneos Wealth Management Inc. boosted its position in Simon Property Group by 68.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,433 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 583 shares during the period. Voya Investment Management LLC grew its stake in shares of Simon Property Group by 16.3% in the first quarter. Voya Investment Management LLC now owns 210,720 shares of the real estate investment trust’s stock worth $34,996,000 after purchasing an additional 29,479 shares in the last quarter. Swedbank AB grew its stake in shares of Simon Property Group by 1.3% in the first quarter. Swedbank AB now owns 130,654 shares of the real estate investment trust’s stock worth $21,699,000 after purchasing an additional 1,667 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Simon Property Group by 29.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 929 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 211 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Activity at Simon Property Group

In related news, Director Reuben S. Leibowitz acquired 480 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the acquisition, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This represents a 0.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Rodkin acquired 226 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $42,036.00. Following the completion of the purchase, the director directly owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. This represents a 1.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 2,192 shares of company stock valued at $407,712 over the last ninety days. Company insiders own 8.66% of the company’s stock.

Simon Property Group Stock Performance

Shares of SPG opened at $184.60 on Monday. The company has a debt-to-equity ratio of 9.59, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s 50 day moving average is $183.78 and its 200-day moving average is $177.30. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $190.13. The stock has a market capitalization of $60.27 billion, a P/E ratio of 26.87, a P/E/G ratio of 8.80 and a beta of 1.37.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.13. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $3.05 earnings per share. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were issued a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Wednesday, December 10th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s payout ratio is presently 128.09%.

Wall Street Analysts Forecast Growth

SPG has been the subject of several research analyst reports. Citigroup upped their price objective on shares of Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. UBS Group boosted their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $179.00 to $184.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Truist Financial boosted their target price on Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a report on Wednesday, December 17th. Finally, Piper Sandler upped their target price on Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and a consensus target price of $191.54.

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.