American Century Companies Inc. Sells 59,345 Shares of Simon Property Group, Inc. $SPG

American Century Companies Inc. lowered its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 11.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 453,257 shares of the real estate investment trust’s stock after selling 59,345 shares during the quarter. American Century Companies Inc. owned approximately 0.14% of Simon Property Group worth $85,063,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SPG. Brighton Jones LLC bought a new stake in shares of Simon Property Group in the 4th quarter worth approximately $295,000. Arkadios Wealth Advisors increased its position in Simon Property Group by 79.3% in the second quarter. Arkadios Wealth Advisors now owns 4,284 shares of the real estate investment trust’s stock worth $689,000 after buying an additional 1,895 shares during the last quarter. Hantz Financial Services Inc. increased its position in Simon Property Group by 38.3% in the second quarter. Hantz Financial Services Inc. now owns 906 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 251 shares during the last quarter. Assetmark Inc. raised its stake in shares of Simon Property Group by 20.2% in the second quarter. Assetmark Inc. now owns 11,583 shares of the real estate investment trust’s stock valued at $1,862,000 after buying an additional 1,947 shares during the period. Finally, Pinnacle Associates Ltd. lifted its position in shares of Simon Property Group by 13.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 5,330 shares of the real estate investment trust’s stock valued at $857,000 after buying an additional 649 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SPG. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. UBS Group increased their target price 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, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research note on Friday, January 16th. Finally, Stifel Nicolaus lifted their price objective on shares of Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research note on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $199.36.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $201.85 on Wednesday. The stock’s 50-day simple moving average is $191.18 and its two-hundred day simple moving average is $184.60. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $205.12. The firm has a market capitalization of $65.90 billion, a P/E ratio of 14.23, a P/E/G ratio of 6.69 and a beta of 1.36. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 124.12% and a net margin of 72.71%.The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, equities analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

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 paid a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s payout ratio is currently 62.06%.

Simon Property Group declared that its Board of Directors has authorized a share 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 repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Simon Property Group

In other news, Director Gary M. Rodkin bought 226 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 $42,036.00. Following the completion of the purchase, the director directly owned 19,455 shares in the company, valued at $3,618,630. The trade was a 1.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel C. Smith purchased 347 shares of the 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 $64,542.00. Following the transaction, the director directly owned 32,680 shares of the company’s stock, valued at approximately $6,078,480. This represents a 1.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 2,192 shares of company stock worth $407,712. Company insiders own 8.60% of the company’s stock.

Simon Property Group 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.