CreativeOne Wealth LLC Buys 3,636 Shares of Simon Property Group, Inc. $SPG

CreativeOne Wealth LLC lifted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 15.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,856 shares of the real estate investment trust’s stock after purchasing an additional 3,636 shares during the period. CreativeOne Wealth LLC’s holdings in Simon Property Group were worth $5,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. boosted its position in Simon Property Group by 68.8% during the second quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock worth $20,081,000 after purchasing an additional 50,932 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Simon Property Group by 15.5% during the third 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 buying an additional 8,965 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in shares of Simon Property Group during the 3rd quarter valued at about $3,598,000. National Pension Service raised its position in shares of Simon Property Group by 3.2% during the 3rd quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock valued at $202,743,000 after buying an additional 33,758 shares in the last quarter. Finally, Aew Capital Management L P raised its position in Simon Property Group by 90.9% during the third quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock valued at $99,494,000 after purchasing an additional 252,510 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Scotiabank raised their price objective on Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. upped their target price on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. UBS Group lifted their price target on Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, January 20th. Finally, Truist Financial upped their price objective on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $199.36.

Insider Activity

In other news, Director Reuben S. Leibowitz bought 480 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, for a total transaction of $89,280.00. Following the completion of the transaction, the director owned 53,639 shares of the company’s stock, valued at approximately $9,976,854. This represents a 0.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Glyn Aeppel bought 216 shares of the stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, with a total value of $40,176.00. Following the completion of the transaction, the director directly owned 19,481 shares in the company, valued at approximately $3,623,466. The trade was a 1.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 2,192 shares of company stock worth $407,712. 8.60% of the stock is currently owned by insiders.

Simon Property Group Trading Down 3.1%

Shares of NYSE SPG opened at $194.72 on Monday. The firm’s 50 day moving average price is $191.88 and its 200-day moving average price is $185.14. The company has a market cap of $63.27 billion, a PE ratio of 13.73, a P/E/G ratio of 6.42 and a beta of 1.35. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $205.12. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating the consensus estimate of $3.47 by $0.02. The business had revenue of $1.79 billion for 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 was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, equities research analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.5%. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

Simon Property Group declared that its Board of Directors has approved a stock buyback plan on Thursday, February 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is 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.