Simon Property Group, Inc. $SPG Shares Purchased by Barclays PLC

Barclays PLC raised its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 78.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,103,843 shares of the real estate investment trust’s stock after buying an additional 486,967 shares during the quarter. Barclays PLC owned about 0.34% of Simon Property Group worth $207,158,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Colonial Trust Co SC increased its position in Simon Property Group by 25.7% during the 3rd quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 65 shares in the last quarter. Howard Capital Management Inc. boosted its stake in shares of Simon Property Group by 3.1% during the 3rd quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 66 shares during the last quarter. TIAA Trust National Association grew its holdings in shares of Simon Property Group by 3.9% during the third quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 67 shares in the last quarter. Wealth Alliance LLC raised its position in shares of Simon Property Group by 1.9% in the second quarter. Wealth Alliance LLC now owns 3,845 shares of the real estate investment trust’s stock valued at $618,000 after buying an additional 70 shares during the last quarter. Finally, SageView Advisory Group LLC lifted its stake in shares of Simon Property Group by 3.5% during the second quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 71 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gary M. Rodkin acquired 226 shares of Simon Property Group 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 $42,036.00. Following the purchase, the director directly owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. This trade represents a 1.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Glyn Aeppel bought 216 shares of the firm’s 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 $40,176.00. Following the acquisition, the director directly owned 19,481 shares in the company, valued at approximately $3,623,466. This trade represents a 1.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 2,192 shares of company stock worth $407,712. Corporate insiders own 8.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SPG. Morgan Stanley set a $205.00 target price on shares of Simon Property Group in a research note on Friday, January 16th. Evercore raised their price objective on Simon Property Group from $188.00 to $198.00 and gave the stock an “in-line” rating in a report on Tuesday, February 3rd. Citigroup lifted their price objective on Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. increased 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. Finally, Mizuho set a $192.00 price target on Simon Property Group in a research note on Friday, January 9th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $199.36.

Simon Property Group Stock Down 3.1%

Shares of SPG opened at $194.72 on Friday. The firm has a market cap of $63.57 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 6.62 and a beta of 1.36. The company’s fifty day moving average is $191.88 and its two-hundred day moving average is $184.99. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $205.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group announced that its board has initiated a stock repurchase program 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 purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Simon Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.5%. Simon Property Group’s dividend payout ratio is currently 62.06%.

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.