Simon Property Group, Inc. $SPG is Smead Capital Management Inc.’s Largest Position

Smead Capital Management Inc. trimmed its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 7.1% during the third quarter, Holdings Channel reports. The institutional investor owned 1,915,505 shares of the real estate investment trust’s stock after selling 146,514 shares during the quarter. Simon Property Group comprises about 6.9% of Smead Capital Management Inc.’s portfolio, making the stock its largest holding. Smead Capital Management Inc.’s holdings in Simon Property Group were worth $359,483,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Inc. lifted its stake in Simon Property Group by 3.1% in the third quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock worth $408,000 after acquiring an additional 66 shares during the last quarter. Wealth Alliance LLC increased its position in shares of Simon Property Group by 1.9% in the 2nd quarter. Wealth Alliance LLC now owns 3,845 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 70 shares during the last quarter. SageView Advisory Group LLC raised its holdings in shares of Simon Property Group by 3.5% in the 2nd quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock valued at $344,000 after purchasing an additional 71 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of Simon Property Group by 8.4% during the 3rd quarter. Y.D. More Investments Ltd now owns 959 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 74 shares during the last quarter. Finally, William Allan Corp lifted its position in shares of Simon Property Group by 2.8% during the 3rd quarter. William Allan Corp now owns 2,744 shares of the real estate investment trust’s stock worth $515,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Piper Sandler reissued an “overweight” rating and issued a $230.00 target price (up previously from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Citigroup lifted their price target on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. increased their price objective on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Truist Financial raised their target price on Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Finally, Mizuho set a $192.00 target price on Simon Property Group in a research note on Friday, January 9th. Six 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 currently has an average rating of “Hold” and an average target price of $197.93.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin bought 226 shares of the business’s 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 acquisition, the director directly owned 19,455 shares of the company’s stock, valued at $3,618,630. The trade was a 1.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Larry C. Glasscock purchased 363 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, with a total value of $67,518.00. Following the purchase, the director owned 43,899 shares in the company, valued at $8,165,214. This trade represents a 0.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 2,192 shares of company stock valued at $407,712. 8.66% of the stock is owned by company insiders.

Simon Property Group Stock Up 0.9%

SPG opened at $201.48 on Friday. The business’s 50-day simple moving average is $188.83 and its 200-day simple moving average is $182.79. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.44 and a current ratio of 0.90. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $203.00. The stock has a market capitalization of $65.78 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 6.58 and a beta of 1.39.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The company also recently disclosed 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 4.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is presently 62.06%.

Simon Property Group declared that its board has initiated a share buyback program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.