Aberdeen Group plc Boosts Stake in Simon Property Group, Inc. $SPG

Aberdeen Group plc grew its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,536 shares of the real estate investment trust’s stock after acquiring an additional 27,751 shares during the period. Aberdeen Group plc owned about 0.21% of Simon Property Group worth $126,292,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Legacy Wealth Asset Management LLC boosted its stake in Simon Property Group by 0.5% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 13,768 shares of the real estate investment trust’s stock valued at $2,213,000 after purchasing an additional 66 shares during the period. Howard Capital Management Inc. raised its holdings in Simon Property Group by 3.1% during the third quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 66 shares in the last quarter. Wealth Alliance LLC lifted its position in Simon Property Group by 1.9% in the second quarter. Wealth Alliance LLC now owns 3,845 shares of the real estate investment trust’s stock worth $618,000 after purchasing an additional 70 shares during the period. SageView Advisory Group LLC boosted its position in shares of Simon Property Group by 3.5% during the 2nd quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock valued at $344,000 after purchasing an additional 71 shares in the last quarter. Finally, William Allan Corp grew its position in Simon Property Group by 2.8% in the third quarter. William Allan Corp now owns 2,744 shares of the real estate investment trust’s stock worth $515,000 after buying an additional 76 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Wall Street Analyst Weigh In

SPG has been the topic of several research analyst reports. Evercore lifted their price objective on shares of Simon Property Group from $188.00 to $198.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Tuesday, January 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 target price (up previously from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Mizuho set a $192.00 price target on Simon Property Group in a research note on Friday, January 9th. Finally, Stifel Nicolaus raised their price objective 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. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and a consensus price target of $197.93.

Insider Buying and Selling

In other Simon Property Group news, Director Stefan M. Selig purchased 201 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, with a total value of $37,386.00. Following the completion of the acquisition, the director directly owned 32,277 shares of the company’s stock, valued at $6,003,522. This represents a 0.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glyn Aeppel acquired 216 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, for a total transaction of $40,176.00. Following the acquisition, the director owned 19,481 shares in the company, valued at approximately $3,623,466. The trade was a 1.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 2,192 shares of company stock valued at $407,712 in the last 90 days. 8.66% of the stock is owned by corporate insiders.

Simon Property Group Stock Up 2.8%

Shares of NYSE:SPG opened at $196.86 on Friday. The company’s fifty day moving average is $186.97 and its 200-day moving average is $181.65. 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, Inc. has a 52 week low of $136.34 and a 52 week high of $201.40. The company has a market capitalization of $64.27 billion, a PE ratio of 13.88, a P/E/G ratio of 7.23 and a beta of 1.39.

Simon Property Group (NYSE:SPG) last announced its quarterly 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 firm had revenue of $1.79 billion during 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 firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend 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 permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

About Simon Property Group

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.