Simon Property Group, Inc. $SPG Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in Simon Property Group, Inc. (NYSE:SPG) by 634.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,370,089 shares of the real estate investment trust’s stock after buying an additional 6,366,711 shares during the quarter. Wellington Management Group LLP owned 2.26% of Simon Property Group worth $1,383,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Colonial Trust Co SC increased its holdings in Simon Property Group by 25.7% in the 3rd quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 65 shares in the last quarter. Howard Capital Management Inc. grew its position in shares of Simon Property Group by 3.1% in the third quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 66 shares during the period. TIAA Trust National Association grew its position in shares of Simon Property Group by 3.9% in the third quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 67 shares during the period. SageView Advisory Group LLC boosted its holdings 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 worth $344,000 after buying an additional 71 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its stake in shares of Simon Property Group by 8.4% in the third quarter. Y.D. More Investments Ltd now owns 959 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

NYSE SPG opened at $186.78 on Friday. The company has a 50-day simple moving average of $192.26 and a two-hundred day simple moving average of $185.50. 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 has a market cap of $60.69 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 6.18 and a beta of 1.36.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping 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 the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business earned $3.68 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, equities analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group announced that its Board of Directors has approved a share repurchase program 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Simon Property Group Announces Dividend

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 dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s payout ratio is presently 62.06%.

Insider Activity at Simon Property Group

In other news, Director Reuben S. Leibowitz purchased 480 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, with a total value of $89,280.00. Following the transaction, the director directly owned 53,639 shares of the company’s stock, valued at approximately $9,976,854. This represents a 0.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Glyn Aeppel acquired 216 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the transaction, the director directly owned 19,481 shares of the company’s stock, valued at approximately $3,623,466. This trade represents a 1.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 2,192 shares of company stock worth $407,712 over the last ninety days. Insiders own 8.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SPG shares. Mizuho set a $192.00 price objective on shares of Simon Property Group in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Tuesday, January 20th. Truist Financial lifted their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Evercore boosted their price target on shares of Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research note on Tuesday, February 3rd. Finally, 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. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Simon Property Group presently has an average rating of “Hold” and a consensus price target of $199.36.

Simon Property Group Company 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.