Alpine Woods Capital Investors LLC Raises Stock Position in Simon Property Group, Inc. $SPG

Alpine Woods Capital Investors LLC grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 24.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,470 shares of the real estate investment trust’s stock after buying an additional 3,246 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Simon Property Group were worth $3,072,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SPG. Norges Bank acquired a new position in Simon Property Group in the fourth quarter valued at $1,112,111,000. Wellington Management Group LLP grew its holdings in shares of Simon Property Group by 7.7% during the fourth quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock worth $1,469,748,000 after purchasing an additional 569,772 shares during the last quarter. Bank of America Corp DE increased its position in shares of Simon Property Group by 6.1% during the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after purchasing an additional 491,519 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Simon Property Group by 1,329.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock worth $86,723,000 after purchasing an additional 435,721 shares in the last quarter. Finally, Bbfit Investments PTE Ltd. purchased a new stake in shares of Simon Property Group in the 4th quarter valued at about $80,060,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $229.84 on Friday. The stock has a fifty day moving average price of $218.91 and a 200 day moving average price of $203.28. Simon Property Group, Inc. has a 1-year low of $159.70 and a 1-year high of $238.50. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $74.54 billion, a PE ratio of 15.97, a P/E/G ratio of 2.98 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company posted $2.95 EPS. Simon Property Group’s revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Sell-side analysts forecast that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 3.9%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date was Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Insider Activity

In other news, Director Glyn Aeppel purchased 243 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $223.36 per share, with a total value of $54,276.48. Following the completion of the acquisition, the director directly owned 21,067 shares of the company’s stock, valued at approximately $4,705,525.12. This trade represents a 1.17% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Reuben S. Leibowitz acquired 508 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.38 per share, with a total value of $113,477.04. Following the transaction, the director owned 55,797 shares of the company’s stock, valued at $12,463,933.86. This trade represents a 0.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 2,387 shares of company stock valued at $533,056 over the last ninety days. 8.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SPG has been the subject of a number of research analyst reports. Evercore set a $215.00 target price on Simon Property Group in a research report on Tuesday, July 7th. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Scotiabank boosted their price objective on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Piper Sandler increased their price objective on Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus target price of $216.14.

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.