Advisors Asset Management Inc. Has $3.24 Million Holdings in Simon Property Group, Inc. $SPG

Advisors Asset Management Inc. lowered its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 21.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,269 shares of the real estate investment trust’s stock after selling 4,660 shares during the period. Advisors Asset Management Inc.’s holdings in Simon Property Group were worth $3,241,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Federated Hermes Inc. lifted its stake in Simon Property Group by 68.8% in the second quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock valued at $20,081,000 after buying an additional 50,932 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Simon Property Group by 15.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust’s stock valued at $12,521,000 after acquiring an additional 8,965 shares in the last quarter. National Pension Service boosted its stake in Simon Property Group by 3.2% in the 3rd quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock worth $202,743,000 after purchasing an additional 33,758 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Simon Property Group by 8.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 119,798 shares of the real estate investment trust’s stock worth $22,482,000 after purchasing an additional 9,267 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Simon Property Group by 740.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 177,568 shares of the real estate investment trust’s stock worth $28,546,000 after purchasing an additional 156,448 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Price Performance

Shares of SPG opened at $196.86 on Friday. The company’s 50-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 current ratio of 0.90 and a quick ratio of 1.44. The firm has a market capitalization of $64.27 billion, a PE ratio of 13.88, a PEG ratio of 7.23 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 $201.40.

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

Simon Property Group announced that its board has authorized a share buyback program on Thursday, February 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Simon Property Group Dividend Announcement

The company 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. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.5%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Insiders Place Their Bets

In related news, Director Larry C. Glasscock purchased 363 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, with a total value of $67,518.00. Following the completion of the transaction, the director directly owned 43,899 shares of the company’s stock, valued at $8,165,214. This represents a 0.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Rodkin bought 226 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the acquisition, the director owned 19,455 shares in the company, valued at approximately $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 2,192 shares of company stock valued at $407,712 in the last quarter. Company insiders own 8.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SPG. Truist Financial boosted their price target on Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a report on Wednesday, December 17th. Citigroup raised their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Barclays reissued a “positive” rating and issued a $188.00 price objective on shares of Simon Property Group in a research report on Tuesday, January 13th. Mizuho set a $192.00 target price on shares of Simon Property Group in a report on Friday, January 9th. Finally, Morgan Stanley set a $205.00 price objective on Simon Property Group in a report on Friday, January 16th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $197.93.

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.