Chevy Chase Trust Holdings LLC Has $31.31 Million Stock Holdings in Simon Property Group, Inc. $SPG

Chevy Chase Trust Holdings LLC boosted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 2.8% in the third quarter, Holdings Channel reports. The firm owned 166,810 shares of the real estate investment trust’s stock after purchasing an additional 4,505 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Simon Property Group were worth $31,305,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC bought a new stake in shares of Simon Property Group in the 2nd quarter valued at approximately $30,000. Silicon Valley Capital Partners bought a new position in shares of Simon Property Group during the 2nd quarter worth approximately $30,000. Bell Investment Advisors Inc lifted its position in shares of Simon Property Group by 205.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 146 shares during the period. Salomon & Ludwin LLC acquired a new stake in Simon Property Group in the 3rd quarter valued at $39,000. Finally, Atlantic Union Bankshares Corp boosted its stake in Simon Property Group by 143.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 123 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Gary M. Rodkin acquired 226 shares of the stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the transaction, the director 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glyn Aeppel bought 216 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, with a total value of $40,176.00. Following the completion of the purchase, the director owned 19,481 shares of the company’s stock, valued at approximately $3,623,466. The trade was a 1.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 2,192 shares of company stock worth $407,712. 8.60% of the stock is currently owned by insiders.

Simon Property Group Trading Down 0.4%

Shares of SPG opened at $186.78 on Monday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $60.69 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 6.16 and a beta of 1.35. The stock has a fifty day moving average price of $192.26 and a two-hundred day moving average price of $185.61. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $205.12.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 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 analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the business earned $3.68 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

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

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a dividend of $2.20 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.7%. Simon Property Group’s dividend payout ratio is currently 62.06%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Morgan Stanley set a $205.00 price objective on Simon Property Group in a research note on Friday, January 16th. Scotiabank boosted their target price on shares of Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Stifel Nicolaus upped their target price on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, February 3rd. Piper Sandler reiterated an “overweight” rating and set a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Finally, Citigroup lifted their price target 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. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.