Simon Property Group, Inc. $SPG Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC decreased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 30.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,499 shares of the real estate investment trust’s stock after selling 2,840 shares during the quarter. Diversify Advisory Services LLC’s holdings in Simon Property Group were worth $1,148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPG. Colonial Trust Co SC lifted its position in Simon Property Group by 25.7% during the third quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 65 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in Simon Property Group by 3.1% in 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 during the period. TIAA Trust National Association lifted its holdings in Simon Property Group by 3.9% in the 3rd quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock valued at $333,000 after acquiring an additional 67 shares during the last quarter. Wealth Alliance LLC increased its stake in Simon Property Group by 1.9% in the 2nd 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 in the last quarter. Finally, SageView Advisory Group LLC boosted its position in 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 worth $344,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on SPG shares. Mizuho set a $192.00 price target on Simon Property Group in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Tuesday, January 20th. JPMorgan Chase & Co. increased their price objective on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Piper Sandler reiterated an “overweight” rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Finally, UBS Group raised their price objective on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $199.36.

Simon Property Group Trading Down 0.5%

Shares of Simon Property Group stock opened at $191.86 on Wednesday. The firm has a market capitalization of $62.34 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 6.35 and a beta of 1.36. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 4.42. The firm’s 50 day moving average is $192.08 and its 200 day moving average is $185.39. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $205.12.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $3.68 earnings per share. Simon Property Group’s revenue for the quarter was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders 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 annualized dividend and a dividend yield of 4.6%. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

Simon Property Group declared that its Board of Directors has authorized a stock buyback program 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 stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Larry C. Glasscock purchased 363 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, with a total value of $67,518.00. Following the completion of the purchase, the director directly owned 43,899 shares of the company’s stock, valued at $8,165,214. The trade was a 0.83% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary M. Rodkin bought 226 shares of Simon Property Group 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 $42,036.00. Following the acquisition, the director directly owned 19,455 shares in the company, valued at approximately $3,618,630. This trade represents a 1.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 2,192 shares of company stock worth $407,712 in the last ninety days. Insiders own 8.60% 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.