CIBC Private Wealth Group LLC Buys 4,343 Shares of Simon Property Group, Inc. $SPG

CIBC Private Wealth Group LLC lifted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 21.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,304 shares of the real estate investment trust’s stock after acquiring an additional 4,343 shares during the period. CIBC Private Wealth Group LLC’s holdings in Simon Property Group were worth $4,561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPG. Stance Capital LLC bought a new stake in Simon Property Group in the 3rd quarter valued at $26,000. Silicon Valley Capital Partners bought a new position in Simon Property Group during the 2nd quarter worth about $30,000. Atlantic Union Bankshares Corp increased its holdings in Simon Property Group by 143.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Simon Property Group in the 3rd quarter valued at about $39,000. Finally, City Holding Co. acquired a new stake in shares of Simon Property Group in the 3rd quarter valued at about $40,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Price Performance

SPG stock opened at $184.49 on Friday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50-day moving average is $192.72 and its 200-day moving average is $185.84. The stock has a market capitalization of $59.95 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 6.30 and a beta of 1.36. 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 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. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $3.68 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. 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 disclosed 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 is Tuesday, March 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.8%. Simon Property Group’s payout ratio is currently 62.06%.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Mizuho set a $192.00 price target on Simon Property Group in a research report on Friday, January 9th. Finally, 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. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $199.36.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Larry C. Glasscock purchased 363 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $67,518.00. Following the purchase, the director owned 43,899 shares of the company’s stock, valued at $8,165,214. This trade represents a 0.83% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Glyn Aeppel acquired 216 shares of the stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the acquisition, the director owned 19,481 shares of the company’s stock, valued at approximately $3,623,466. The trade was a 1.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 2,192 shares of company stock valued at $407,712 over the last three months. 8.66% of the stock is currently owned by company insiders.

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.