Metis Global Partners LLC Has $16.26 Million Stock Holdings in Simon Property Group, Inc. $SPG

Metis Global Partners LLC raised its position in Simon Property Group, Inc. (NYSE:SPG) by 32.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 86,645 shares of the real estate investment trust’s stock after acquiring an additional 21,324 shares during the period. Metis Global Partners LLC’s holdings in Simon Property Group were worth $16,261,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC raised its holdings in shares of Simon Property Group by 0.5% in the second quarter. Legacy Wealth Asset Management LLC now owns 13,768 shares of the real estate investment trust’s stock valued at $2,213,000 after purchasing an additional 66 shares during the last quarter. Howard Capital Management Inc. boosted its holdings in Simon Property Group by 3.1% during the third quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 66 shares during the last quarter. Wealth Alliance LLC grew its position in Simon Property Group by 1.9% in the second quarter. Wealth Alliance LLC now owns 3,845 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 70 shares in the last quarter. SageView Advisory Group LLC increased its stake in Simon Property Group by 3.5% in the 2nd quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 71 shares during the last quarter. Finally, William Allan Corp increased its stake in Simon Property Group by 2.8% in the 3rd quarter. William Allan Corp now owns 2,744 shares of the real estate investment trust’s stock valued at $515,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Trading Down 1.6%

Shares of NYSE:SPG opened at $191.57 on Friday. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $201.40. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.44 and a current ratio of 0.90. The company has a market capitalization of $62.54 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 7.16 and a beta of 1.39. The company has a 50-day simple moving average of $186.68 and a 200 day simple moving average of $181.33.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data 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. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company earned $3.68 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is 62.06%.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on SPG. Morgan Stanley set a $205.00 price objective on shares of Simon Property Group in a research note on Friday, January 16th. Mizuho set a $192.00 target price on Simon Property Group in a report on Friday, January 9th. Stifel Nicolaus increased their price target on Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Tuesday, February 3rd. Truist Financial raised 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 boosted their price target on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $197.93.

Insider Buying and Selling at Simon Property Group

In related news, Director Gary M. Rodkin acquired 226 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $42,036.00. Following the completion of the transaction, the director directly owned 19,455 shares in the company, valued at $3,618,630. This trade represents a 1.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stefan M. Selig acquired 201 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $37,386.00. Following the completion of the acquisition, the director owned 32,277 shares of the company’s stock, valued at approximately $6,003,522. The trade was a 0.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 2,192 shares of company stock worth $407,712. 8.66% of the stock is currently owned by corporate 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.