Candriam S.C.A. Lowers Position in Simon Property Group, Inc. $SPG

Candriam S.C.A. trimmed its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 50.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,798 shares of the real estate investment trust’s stock after selling 14,048 shares during the period. Candriam S.C.A.’s holdings in Simon Property Group were worth $2,589,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Slagle Financial LLC increased its stake in Simon Property Group by 3.4% during the third quarter. Slagle Financial LLC now owns 14,458 shares of the real estate investment trust’s stock worth $2,713,000 after acquiring an additional 471 shares during the last quarter. Key Financial Inc boosted its holdings in shares of Simon Property Group by 40.0% in the 3rd quarter. Key Financial Inc now owns 357 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 102 shares during the period. Plato Investment Management Ltd increased its position in shares of Simon Property Group by 10.2% during the 3rd quarter. Plato Investment Management Ltd now owns 19,853 shares of the real estate investment trust’s stock valued at $3,697,000 after purchasing an additional 1,835 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Simon Property Group by 69.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 4,120 shares of the real estate investment trust’s stock valued at $766,000 after buying an additional 1,694 shares during the period. Finally, a16z Perennial Management L.P. bought a new stake in Simon Property Group in the third quarter worth $211,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $194.89 on Thursday. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $201.40. The company has a market cap of $63.62 billion, a PE ratio of 13.74, a P/E/G ratio of 7.21 and a beta of 1.39. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.44 and a current ratio of 0.90. The business has a 50-day simple moving average of $186.52 and a two-hundred day simple moving average of $181.26.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data 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. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm posted $3.68 EPS. Simon Property Group’s revenue 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 analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued 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 dividend yield of 4.5%. Simon Property Group’s payout ratio is 62.06%.

Simon Property Group declared that its board has authorized a stock repurchase plan on Thursday, February 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SPG shares. Deutsche Bank Aktiengesellschaft upgraded 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. Evercore increased their target price on Simon Property Group from $188.00 to $198.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 3rd. Mizuho set a $192.00 target price on shares of Simon Property Group in a research note on Friday, January 9th. JPMorgan Chase & Co. upped their price target on shares of Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $197.93.

Insiders Place Their Bets

In other Simon Property Group news, Director Gary M. Rodkin acquired 226 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 $42,036.00. Following the completion of the acquisition, the director owned 19,455 shares in the company, valued at approximately $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Reuben S. Leibowitz bought 480 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, with a total value of $89,280.00. Following the purchase, the director directly 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 disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 2,192 shares of company stock worth $407,712. Company insiders own 8.66% 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.