Simon Property Group, Inc. $SPG is Centersquare Investment Management LLC’s 10th Largest Position

Centersquare Investment Management LLC cut its stake in Simon Property Group, Inc. (NYSE:SPG) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,523,981 shares of the real estate investment trust’s stock after selling 61,312 shares during the quarter. Simon Property Group comprises about 2.9% of Centersquare Investment Management LLC’s portfolio, making the stock its 10th biggest position. Centersquare Investment Management LLC owned approximately 0.47% of Simon Property Group worth $286,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in SPG. Brighton Jones LLC purchased a new position in Simon Property Group in the fourth quarter valued at about $295,000. AlphaQuest LLC grew its position in shares of Simon Property Group by 1,432.3% in the 2nd quarter. AlphaQuest LLC now owns 3,555 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 3,323 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its stake in shares of Simon Property Group by 9.4% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 1,858 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 159 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Simon Property Group by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 348,259 shares of the real estate investment trust’s stock worth $55,986,000 after acquiring an additional 29,456 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Simon Property Group during the second quarter valued at approximately $1,333,000. 93.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a report on Friday, January 16th. 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 research note on Wednesday, December 17th. JPMorgan Chase & Co. increased their price target on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Scotiabank raised their price target on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Finally, Barclays restated a “positive” rating and set a $188.00 price objective on shares of Simon Property Group in a report on Tuesday, January 13th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and an average price target of $197.93.

Simon Property Group Stock Up 0.9%

Simon Property Group stock opened at $201.14 on Thursday. The business’s 50-day simple moving average is $189.83 and its two-hundred day simple moving average is $183.59. The company has a market cap of $65.67 billion, a PE ratio of 14.18, a PEG ratio of 6.57 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 $203.60. 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 (NYSE:SPG) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. The company had revenue of $1.79 billion during 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 revenue for the quarter was up 13.2% compared to the same quarter last year. 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 analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 4.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group announced that its board has approved a stock buyback plan on Thursday, February 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Simon Property Group

In related news, Director Daniel C. Smith acquired 347 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, with a total value of $64,542.00. Following the acquisition, the director directly owned 32,680 shares in the company, valued at $6,078,480. This represents a 1.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Reuben S. Leibowitz bought 480 shares of the stock in a transaction dated Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the purchase, the director directly owned 53,639 shares of the company’s stock, valued at approximately $9,976,854. The trade was a 0.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 2,192 shares of company stock worth $407,712. Insiders own 8.66% of the company’s stock.

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.