Vanderbilt University Buys 3,157 Shares of Simon Property Group, Inc. $SPG

Vanderbilt University raised its stake in Simon Property Group, Inc. (NYSE:SPG) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,241 shares of the real estate investment trust’s stock after acquiring an additional 3,157 shares during the quarter. Simon Property Group makes up approximately 0.9% of Vanderbilt University’s investment portfolio, making the stock its 22nd largest position. Vanderbilt University’s holdings in Simon Property Group were worth $4,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SPG. Nuveen LLC bought a new position in shares of Simon Property Group in the first quarter worth about $724,937,000. Principal Financial Group Inc. increased its stake in shares of Simon Property Group by 133.0% in the first quarter. Principal Financial Group Inc. now owns 3,206,458 shares of the real estate investment trust’s stock valued at $532,529,000 after buying an additional 1,830,264 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Simon Property Group in the first quarter valued at approximately $197,377,000. Goldman Sachs Group Inc. increased its stake in shares of Simon Property Group by 25.5% in the first quarter. Goldman Sachs Group Inc. now owns 2,976,076 shares of the real estate investment trust’s stock valued at $494,267,000 after buying an additional 604,016 shares during the period. Finally, Resolution Capital Ltd increased its stake in shares of Simon Property Group by 45.8% in the first quarter. Resolution Capital Ltd now owns 1,799,574 shares of the real estate investment trust’s stock valued at $298,873,000 after buying an additional 565,084 shares during the period. Institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SPG shares. Scotiabank upped their price objective on Simon Property Group from $163.00 to $173.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Stifel Nicolaus downgraded Simon Property Group from a “buy” rating to a “hold” rating and set a $179.00 price objective for the company. in a research note on Tuesday, September 2nd. Mizuho lowered their price objective on Simon Property Group from $182.00 to $169.00 and set a “neutral” rating for the company in a research note on Tuesday, June 10th. Morgan Stanley upped their price objective on Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, September 11th. Finally, Piper Sandler increased their target price on shares of Simon Property Group from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $186.46.

Insider Activity at Simon Property Group

In related news, Director Stefan M. Selig acquired 195 shares of Simon Property Group stock in a transaction dated Tuesday, September 30th. The stock was bought at an average price of $185.95 per share, with a total value of $36,260.25. Following the transaction, the director directly owned 32,076 shares in the company, valued at $5,964,532.20. This represents a 0.61% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Glyn Aeppel acquired 208 shares of Simon Property Group stock in a transaction dated Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, with a total value of $38,677.60. Following the transaction, the director owned 19,265 shares in the company, valued at approximately $3,582,326.75. This trade represents a 1.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 2,163 shares of company stock worth $401,605. Corporate insiders own 8.66% of the company’s stock.

Simon Property Group Trading Down 0.4%

NYSE SPG opened at $185.05 on Friday. The stock has a market capitalization of $60.42 billion, a P/E ratio of 28.60, a P/E/G ratio of 11.25 and a beta of 1.50. The business has a 50 day simple moving average of $176.41 and a 200 day simple moving average of $165.35. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.23 and a quick ratio of 1.23. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $190.13.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $3.05 EPS for the quarter, topping the consensus estimate of $3.04 by $0.01. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.40 billion. Simon Property Group had a net margin of 36.78% and a return on equity of 72.38%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.90 EPS. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. Research analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were given a dividend of $2.15 per share. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.10. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $8.60 annualized dividend and a dividend yield of 4.6%. Simon Property Group’s payout ratio is 132.92%.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.