Simon Property Group, Inc. $SPG Position Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its holdings in Simon Property Group, Inc. (NYSE:SPG) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,514,638 shares of the real estate investment trust’s stock after selling 60,157 shares during the quarter. Dimensional Fund Advisors LP owned 1.38% of Simon Property Group worth $847,238,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SPG. Vanguard Group Inc. increased its holdings in shares of Simon Property Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after purchasing an additional 844,190 shares during the period. State Street Corp grew its position in Simon Property Group by 1.1% in the 2nd quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock valued at $3,448,703,000 after buying an additional 228,819 shares in the last quarter. Geode Capital Management LLC increased its stake in Simon Property Group by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 9,592,471 shares of the real estate investment trust’s stock valued at $1,536,565,000 after buying an additional 127,636 shares during the period. Norges Bank bought a new stake in shares of Simon Property Group during the 2nd quarter worth about $1,051,262,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Simon Property Group by 34.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock worth $1,046,943,000 after acquiring an additional 1,660,188 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

SPG has been the topic of a number of research 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 research note on Thursday, February 5th. Piper Sandler reiterated an “overweight” rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Tuesday, January 20th. Morgan Stanley set a $205.00 target price on Simon Property Group in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $199.36.

Insider Buying and Selling

In other Simon Property Group news, Director Gary M. Rodkin bought 226 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 19,455 shares in the company, valued at approximately $3,618,630. This represents a 1.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reuben S. Leibowitz acquired 480 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, with a total value of $89,280.00. Following the completion of the purchase, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This represents a 0.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 2,192 shares of company stock valued at $407,712. 8.60% of the stock is currently owned by company insiders.

Simon Property Group Trading Down 0.6%

NYSE:SPG opened at $201.85 on Wednesday. The stock has a fifty day simple moving average of $191.18 and a 200 day simple moving average of $184.60. The firm has a market capitalization of $65.90 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 6.69 and a beta of 1.36. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year 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 posted 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 company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Sell-side analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

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 paid a dividend of $2.20 per share. 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 payout ratio is 62.06%.

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

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.