Simon Property Group, Inc. $SPG Shares Acquired by Aew Capital Management L P

Aew Capital Management L P boosted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 90.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 530,155 shares of the real estate investment trust’s stock after buying an additional 252,510 shares during the quarter. Simon Property Group accounts for approximately 5.5% of Aew Capital Management L P’s investment portfolio, making the stock its 8th largest position. Aew Capital Management L P owned approximately 0.16% of Simon Property Group worth $99,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. VSM Wealth Advisory LLC bought a new position in shares of Simon Property Group during the 2nd quarter valued at about $30,000. Silicon Valley Capital Partners acquired a new stake in Simon Property Group during the second quarter valued at approximately $30,000. Bell Investment Advisors Inc boosted its holdings in Simon Property Group by 205.6% during the second quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 146 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in Simon Property Group during the third quarter worth approximately $39,000. Finally, Atlantic Union Bankshares Corp grew its position in Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 123 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Price Performance

Shares of SPG opened at $199.56 on Wednesday. The business’s 50-day moving average is $189.49 and its 200-day moving average is $183.47. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 1.44. The company has a market capitalization of $65.15 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 6.59 and a beta of 1.39. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $203.60.

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 analysts’ consensus estimates of $3.47 by $0.02. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.68 earnings per share. 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 declared that its board has authorized a share repurchase plan on Thursday, February 5th that allows the company to buyback $2.00 billion in outstanding 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 often a sign that the company’s management believes its shares are undervalued.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is presently 62.06%.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Stefan M. Selig acquired 201 shares of the business’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary M. Rodkin bought 226 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, with a total value of $42,036.00. Following the completion of the purchase, the director directly owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. The trade was a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 2,192 shares of company stock worth $407,712. 8.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SPG has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Tuesday, January 20th. Scotiabank boosted their price objective on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Mizuho set a $192.00 price objective on shares of Simon Property Group in a research note on Friday, January 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $197.93.

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.