APG Asset Management N.V. Grows Stock Holdings in Simon Property Group, Inc. $SPG

APG Asset Management N.V. raised its stake in Simon Property Group, Inc. (NYSE:SPG) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,522 shares of the real estate investment trust’s stock after purchasing an additional 7,600 shares during the quarter. APG Asset Management N.V. owned about 0.06% of Simon Property Group worth $38,007,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SPG. Silicon Valley Capital Partners acquired a new position in shares of Simon Property Group in the second quarter worth about $30,000. VSM Wealth Advisory LLC bought a new stake in shares of Simon Property Group during the 2nd quarter valued at about $30,000. Atlantic Union Bankshares Corp grew its holdings in shares of Simon Property Group by 143.0% during the third 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 Simon Property Group in the third quarter worth $39,000. Finally, City Holding Co. acquired a new stake in shares of Simon Property Group in the 3rd quarter worth about $40,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gary M. Rodkin bought 226 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director directly owned 19,455 shares in the company, valued at $3,618,630. The trade was a 1.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Reuben S. Leibowitz bought 480 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the completion of the transaction, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This trade represents a 0.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 2,192 shares of company stock worth $407,712. 8.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SPG. Citigroup lifted their target price on Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Stifel Nicolaus upped their price target on Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price objective on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Tuesday, January 20th. Finally, Barclays restated a “positive” rating and set a $188.00 price target on shares of Simon Property Group in a report on Tuesday, January 13th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $197.93.

Simon Property Group Stock Up 0.6%

SPG opened at $203.85 on Monday. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $205.12. The firm’s 50-day simple moving average is $190.56 and its 200-day simple moving average is $184.18. 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 $66.55 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 6.73 and a beta of 1.35.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.Simon Property Group’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are 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 4.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is 62.06%.

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.