Simon Property Group, Inc. $SPG Shares Sold by Diversified Trust Co.

Diversified Trust Co. cut its stake in Simon Property Group, Inc. (NYSE:SPG) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,871 shares of the real estate investment trust’s stock after selling 3,499 shares during the period. Diversified Trust Co.’s holdings in Simon Property Group were worth $2,383,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SPG. Stance Capital LLC purchased a new position in shares of Simon Property Group during the third quarter worth about $26,000. Silicon Valley Capital Partners acquired a new stake in shares of Simon Property Group during the second quarter worth about $30,000. Atlantic Union Bankshares Corp lifted its holdings in shares of Simon Property Group by 143.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 123 shares during 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. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Activity

In other news, Director Larry C. Glasscock acquired 363 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, with a total value of $67,518.00. Following the purchase, the director owned 43,899 shares of the company’s stock, valued at $8,165,214. This represents a 0.83% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stefan M. Selig acquired 201 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, with a total value of $37,386.00. Following the transaction, the director owned 32,277 shares in the company, valued at $6,003,522. The trade was a 0.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 2,192 shares of company stock valued at $407,712. 8.60% of the stock is currently owned by company insiders.

Simon Property Group Stock Performance

Shares of SPG stock opened at $177.93 on Wednesday. The stock has a market capitalization of $57.82 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 5.98 and a beta of 1.36. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $205.12. The stock’s 50-day moving average price is $192.53 and its 200 day moving average price is $185.90. 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 posted its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping 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 company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $3.68 EPS. The firm’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. As a group, equities research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group declared that its Board of Directors has initiated a share repurchase program 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 purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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. This represents a $8.80 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is 62.06%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Scotiabank increased their price objective on Simon Property Group from $189.00 to $192.00 and gave the company a “sector perform” rating in a report on Tuesday. Mizuho set a $192.00 target price on shares of Simon Property Group in a research report on Friday, January 9th. UBS Group lifted their target price on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, Citigroup upped their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $199.57.

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.