Exchange Traded Concepts LLC Sells 7,887 Shares of Simon Property Group, Inc. $SPG

Exchange Traded Concepts LLC cut its holdings in Simon Property Group, Inc. (NYSE:SPG) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,418 shares of the real estate investment trust’s stock after selling 7,887 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Simon Property Group were worth $13,776,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SPG. Brighton Jones LLC purchased a new position in Simon Property Group in the fourth quarter worth about $295,000. Global Retirement Partners LLC bought a new position in shares of Simon Property Group in the second quarter worth approximately $325,000. J.W. Cole Advisors Inc. grew its holdings in shares of Simon Property Group by 1.9% during the second quarter. J.W. Cole Advisors Inc. now owns 5,488 shares of the real estate investment trust’s stock valued at $882,000 after buying an additional 100 shares during the last quarter. Inceptionr LLC bought a new stake in shares of Simon Property Group during the second quarter valued at approximately $482,000. Finally, Quadrant Capital Group LLC increased its position in shares of Simon Property Group by 1.4% during the second quarter. Quadrant Capital Group LLC now owns 10,682 shares of the real estate investment trust’s stock valued at $1,717,000 after acquiring an additional 152 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Simon Property Group

In other news, Director Glyn Aeppel acquired 216 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, with a total value of $40,176.00. Following the acquisition, the director directly owned 19,481 shares of the company’s stock, valued at approximately $3,623,466. The trade was a 1.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel C. Smith bought 347 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 $64,542.00. Following the completion of the transaction, the director directly owned 32,680 shares in the company, valued at approximately $6,078,480. The trade was a 1.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 2,192 shares of company stock valued at $407,712 in the last 90 days. 8.66% of the stock is currently owned by insiders.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $180.17 on Friday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $58.55 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 5.94 and a beta of 1.36. The firm has a fifty day moving average price of $192.35 and a 200 day moving average price of $185.87. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $205.12.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS 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 business 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 company earned $3.68 EPS. The business’s quarterly 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. As a group, sell-side analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group declared that its board has approved a stock buyback plan 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 reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Simon Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.9%. Simon Property Group’s dividend payout ratio is presently 62.06%.

Analyst Ratings Changes

SPG has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Stifel Nicolaus increased their price objective on Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their target price on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $199.57.

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.