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

Quantbot Technologies LP lowered its stake in Simon Property Group, Inc. (NYSE:SPG) by 17.7% during the third quarter, Holdings Channel reports. 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 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new stake in shares of Simon Property Group during the second quarter worth approximately $30,000. Silicon Valley Capital Partners bought a new position in shares of Simon Property Group during the second quarter worth approximately $30,000. Bell Investment Advisors Inc lifted its holdings in Simon Property Group by 205.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 146 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Simon Property Group in the 3rd quarter valued at $39,000. Finally, Atlantic Union Bankshares Corp grew its holdings in Simon Property Group by 143.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 123 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group Trading Up 0.6%

Shares of Simon Property Group stock opened at $203.85 on Monday. The company has a market capitalization of $66.55 billion, a price-to-earnings ratio of 14.38, a PEG 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 firm’s 50-day moving average price is $190.56 and its two-hundred day moving average price is $184.18.

Simon Property Group (NYSE:SPG) last issued its quarterly 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 company had revenue of $1.79 billion during 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 quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group declared that its Board of Directors has approved a share buyback plan on Thursday, February 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Simon Property Group Announces Dividend

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

Insider Transactions at Simon Property Group

In related news, Director Larry C. Glasscock acquired 363 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, for a total transaction of $67,518.00. Following the transaction, the director directly owned 43,899 shares in the company, valued at $8,165,214. This trade represents a 0.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary M. Rodkin bought 226 shares of the business’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 $42,036.00. Following the transaction, the director directly owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. This represents a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 2,192 shares of company stock valued at $407,712. 8.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their target price on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Stifel Nicolaus raised their price target on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, February 3rd. Truist Financial boosted their price objective on shares of Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. raised their target price on shares of Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Scotiabank lifted their price target on shares of Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 14th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $197.93.

Simon Property Group Profile

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.