Simon Property Group, Inc. $SPG Shares Purchased by FORA Capital LLC

FORA Capital LLC boosted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 545.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,035 shares of the real estate investment trust’s stock after purchasing an additional 13,552 shares during the quarter. FORA Capital LLC’s holdings in Simon Property Group were worth $3,009,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Pathstone Holdings LLC increased its stake in shares of Simon Property Group by 0.4% during the third quarter. Pathstone Holdings LLC now owns 44,784 shares of the real estate investment trust’s stock worth $8,405,000 after buying an additional 177 shares during the period. Boston Partners lifted its stake in Simon Property Group by 2.2% in the third quarter. Boston Partners now owns 2,446,272 shares of the real estate investment trust’s stock worth $459,035,000 after acquiring an additional 51,748 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in Simon Property Group by 139.9% in the third quarter. Johnson Financial Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 824 shares during the last quarter. Kepler Cheuvreux Suisse SA acquired a new position in Simon Property Group during the 3rd quarter worth approximately $4,980,000. Finally, Van ECK Associates Corp grew its holdings in Simon Property Group by 9.0% during the 3rd quarter. Van ECK Associates Corp now owns 181,703 shares of the real estate investment trust’s stock worth $34,101,000 after acquiring an additional 15,024 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of SPG opened at $186.78 on Friday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $205.12. The stock has a market cap of $60.69 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 6.18 and a beta of 1.36. The firm has a fifty day moving average price of $192.26 and a 200 day moving average price of $185.50.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data 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. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company posted $3.68 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

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 given a dividend of $2.20 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.7%. Simon Property Group’s payout ratio is 62.06%.

Simon Property Group declared that its Board of Directors has initiated a stock buyback program 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 repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

SPG has been the topic of a number of analyst reports. Citigroup raised their price objective on shares of Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Scotiabank increased their target price on Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Morgan Stanley set a $205.00 price target on Simon Property Group in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. lifted their price target on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $199.36.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin bought 226 shares of the stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the transaction, the director owned 19,455 shares in the company, valued at approximately $3,618,630. The trade was a 1.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reuben S. Leibowitz bought 480 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, for a total transaction of $89,280.00. Following the completion of the acquisition, the director directly owned 53,639 shares in the company, valued at approximately $9,976,854. This trade represents a 0.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 2,192 shares of company stock valued at $407,712 over the last 90 days. 8.66% of the stock is owned by insiders.

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.