Metis Global Partners LLC Purchases 21,324 Shares of Simon Property Group, Inc. $SPG

Metis Global Partners LLC increased its position in Simon Property Group, Inc. (NYSE:SPG) by 32.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,645 shares of the real estate investment trust’s stock after purchasing an additional 21,324 shares during the quarter. Metis Global Partners LLC’s holdings in Simon Property Group were worth $16,261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Simon Property Group during the 4th quarter worth approximately $295,000. Vontobel Holding Ltd. acquired a new position in Simon Property Group in the second quarter valued at approximately $252,000. CWM LLC boosted its stake in Simon Property Group by 22.1% in the second quarter. CWM LLC now owns 12,763 shares of the real estate investment trust’s stock valued at $2,052,000 after acquiring an additional 2,310 shares during the last quarter. TD Asset Management Inc grew its holdings in Simon Property Group by 2.6% during the 2nd quarter. TD Asset Management Inc now owns 142,870 shares of the real estate investment trust’s stock worth $22,968,000 after acquiring an additional 3,596 shares during the period. Finally, Mutual Advisors LLC raised its position in shares of Simon Property Group by 13.7% during the 2nd quarter. Mutual Advisors LLC now owns 2,754 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 331 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group Stock Down 1.6%

NYSE:SPG opened at $191.57 on Friday. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $201.40. The stock has a 50-day moving average price of $186.68 and a two-hundred day moving average price of $181.33. The stock has a market cap of $62.54 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 7.16 and a beta of 1.39. The company has a current ratio of 0.90, a quick ratio of 1.44 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping analysts’ consensus estimates 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 firm posted $3.68 earnings per share. Simon Property Group’s 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, equities analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a $2.20 dividend. 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 4.6%. Simon Property Group’s payout ratio is presently 62.06%.

Simon Property Group announced that its Board of Directors has approved 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 repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SPG shares. Barclays restated a “positive” rating and issued a $188.00 price target on shares of Simon Property Group in a research report on Tuesday, January 13th. Evercore increased their target price on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Tuesday, January 20th. Truist Financial upped their price target on Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Finally, UBS Group increased their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $197.93.

Insider Transactions at Simon Property Group

In related news, Director Larry C. Glasscock purchased 363 shares of Simon Property Group stock in a transaction dated Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $67,518.00. Following the completion of the acquisition, the director directly owned 43,899 shares of the company’s stock, valued at $8,165,214. This represents a 0.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reuben S. Leibowitz acquired 480 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the completion of the acquisition, the director owned 53,639 shares of the company’s stock, valued at $9,976,854. This trade represents a 0.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 2,192 shares of company stock valued at $407,712. 8.66% of the stock is currently owned by insiders.

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.