Quantbot Technologies LP Has $3.73 Million Position in Simon Property Group, Inc. $SPG

Quantbot Technologies LP lessened its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 17.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,882 shares of the real estate investment trust’s stock after selling 4,265 shares during the period. Quantbot Technologies LP’s holdings in Simon Property Group were worth $3,731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Simon Property Group by 1.8% in 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 buying an additional 844,190 shares in the last quarter. State Street Corp increased its position in shares of Simon Property Group by 1.1% during the second quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock worth $3,448,703,000 after acquiring an additional 228,819 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Simon Property Group by 1.3% during the second quarter. Geode Capital Management LLC now owns 9,592,471 shares of the real estate investment trust’s stock worth $1,536,565,000 after acquiring an additional 127,636 shares during the period. Norges Bank bought a new stake in Simon Property Group in the 2nd quarter valued at $1,051,262,000. Finally, JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 1,660,188 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 480 shares of the stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, with a total value of $89,280.00. Following the completion of the transaction, the director directly owned 53,639 shares in the company, valued at $9,976,854. This represents a 0.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry C. Glasscock acquired 363 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $67,518.00. Following the purchase, the director directly owned 43,899 shares of the company’s stock, valued at approximately $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. Insiders have purchased a total of 2,192 shares of company stock valued at $407,712 in the last three months. Corporate insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SPG. Stifel Nicolaus lifted their price target on Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research note on Tuesday, February 3rd. Evercore lifted their target price on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research report on Tuesday, February 3rd. Truist Financial boosted their target price 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. Barclays reaffirmed a “positive” rating and set a $188.00 price target on shares of Simon Property Group in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $197.93.

Simon Property Group Trading Up 0.6%

Shares of Simon Property Group stock opened at $203.85 on Monday. The stock has a market cap of $66.55 billion, a P/E ratio of 14.38, a P/E/G ratio of 6.73 and a beta of 1.35. 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 12-month low of $136.34 and a 12-month high of $205.12. The business’s 50 day moving average is $190.56 and its 200-day moving average is $184.18.

Simon Property Group (NYSE:SPG) last issued its earnings results 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 business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group declared that its board has approved a stock buyback plan on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase 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 shares are undervalued.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is 62.06%.

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.