Caprock Group LLC Buys Shares of 14,871 Simon Property Group, Inc. $SPG

Caprock Group LLC purchased a new position in Simon Property Group, Inc. (NYSE:SPG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,871 shares of the real estate investment trust’s stock, valued at approximately $2,687,000.

Several other hedge funds have also recently made changes to their positions in SPG. Norges Bank purchased a new stake in Simon Property Group during the 2nd quarter valued at $1,051,262,000. JPMorgan Chase & Co. increased its position in Simon Property Group by 34.2% during the second quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock valued at $1,046,943,000 after acquiring an additional 1,660,188 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Simon Property Group during the second quarter valued at $68,013,000. State Street Corp lifted its holdings in Simon Property Group by 1.1% in the second quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock valued at $3,448,703,000 after acquiring an additional 228,819 shares during the period. Finally, Aviva PLC boosted its position in Simon Property Group by 698.3% in the second quarter. Aviva PLC now owns 243,931 shares of the real estate investment trust’s stock worth $39,214,000 after purchasing an additional 213,374 shares during the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SPG shares. Stifel Nicolaus boosted their price target on Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research note on Tuesday, February 3rd. Piper Sandler restated an “overweight” rating and set a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded 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 research report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Finally, Citigroup raised their target price on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $197.93.

Simon Property Group Trading Down 1.6%

Shares of SPG stock opened at $191.57 on Friday. 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 stock has a fifty day simple moving average of $186.68 and a two-hundred day simple moving average of $181.33. The firm has a market capitalization of $62.54 billion, a PE ratio of 13.51, a PEG ratio of 7.16 and a beta of 1.39. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $201.40.

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

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s payout ratio is 62.06%.

Simon Property Group declared that its Board of Directors has approved a share repurchase plan on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, Director Larry C. Glasscock bought 363 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, with a total value of $67,518.00. Following the completion of the purchase, the director owned 43,899 shares of the company’s stock, valued at approximately $8,165,214. The trade was a 0.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary M. Rodkin purchased 226 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the purchase, the director owned 19,455 shares in the company, valued at approximately $3,618,630. This represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 2,192 shares of company stock valued at $407,712 in the last quarter. Company insiders own 8.66% of the company’s stock.

Simon Property Group 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.