Simon Property Group, Inc. $SPG Stock Holdings Boosted by Xponance Inc.

Xponance Inc. increased its position in Simon Property Group, Inc. (NYSE:SPG) by 13.9% during the third quarter, Holdings Channel reports. The fund owned 93,548 shares of the real estate investment trust’s stock after purchasing an additional 11,389 shares during the quarter. Xponance Inc.’s holdings in Simon Property Group were worth $17,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $295,000. Focus Partners Advisor Solutions LLC raised its stake in Simon Property Group by 9.4% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 1,858 shares of the real estate investment trust’s stock valued at $299,000 after acquiring an additional 159 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Simon Property Group by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 348,259 shares of the real estate investment trust’s stock worth $55,986,000 after acquiring an additional 29,456 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Simon Property Group in the second quarter worth $1,333,000. Finally, Daymark Wealth Partners LLC acquired a new position in shares of Simon Property Group during the second quarter valued at $395,000. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPG. UBS Group upped their price objective on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Citigroup upped their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Scotiabank raised their price objective 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. Finally, JPMorgan Chase & Co. upped their target price on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and a consensus price target of $197.93.

Simon Property Group Stock Up 0.6%

SPG stock opened at $203.85 on Friday. The firm has a market cap of $66.55 billion, a PE ratio of 14.38, a P/E/G ratio of 6.69 and a beta of 1.39. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $205.12. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 1.44. The firm has a 50 day simple moving average of $190.56 and a 200 day simple moving average of $183.99.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.02. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior 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 forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is currently 62.06%.

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

Insiders Place Their Bets

In related news, Director Gary M. Rodkin purchased 226 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, with a total value of $42,036.00. Following the purchase, the director owned 19,455 shares of the company’s stock, valued at $3,618,630. This trade represents a 1.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Larry C. Glasscock acquired 363 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $67,518.00. Following the completion of the purchase, the director directly owned 43,899 shares of the company’s stock, valued at approximately $8,165,214. This represents a 0.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 2,192 shares of company stock worth $407,712 over the last three months. Company insiders own 8.66% of the company’s stock.

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.