Groupama Asset Managment Decreases Stock Holdings in Simon Property Group, Inc. $SPG

Groupama Asset Managment lowered its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 68.5% during the third quarter, Holdings Channel.com reports. The firm owned 3,169 shares of the real estate investment trust’s stock after selling 6,899 shares during the quarter. Groupama Asset Managment’s holdings in Simon Property Group were worth $595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Simon Property Group in the second quarter worth about $1,051,262,000. Wellington Management Group LLP boosted its holdings in shares of Simon Property Group by 634.5% in the 3rd quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock valued at $1,383,145,000 after buying an additional 6,366,711 shares in the last quarter. Capital World Investors grew its position in shares of Simon Property Group by 45.0% in the 3rd quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock worth $1,573,450,000 after buying an additional 2,600,508 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 buying an additional 1,660,188 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Simon Property Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock worth $8,761,093,000 after acquiring an additional 844,190 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In related news, Director Reuben S. Leibowitz acquired 480 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $9,976,854. The trade was a 0.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stefan M. Selig purchased 201 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, with a total value of $37,386.00. Following the transaction, the director owned 32,277 shares in the company, valued at approximately $6,003,522. The trade was a 0.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 2,192 shares of company stock worth $407,712. 8.66% of the stock is currently owned by company insiders.

Simon Property Group Trading Down 3.6%

Simon Property Group stock opened at $184.49 on Friday. 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, Inc. has a 52 week low of $136.34 and a 52 week high of $205.12. The company has a market capitalization of $59.95 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 6.30 and a beta of 1.36. The stock has a 50-day moving average price of $192.72 and a 200 day moving average price of $185.84.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. The firm had revenue of $1.79 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $2.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.8%. Simon Property Group’s dividend payout ratio is 62.06%.

Wall Street Analysts Forecast Growth

SPG has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on shares of Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Truist Financial upped their price target on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Citigroup increased their price objective on Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Simon Property Group has an average rating of “Hold” and a consensus price target of $199.36.

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.