MGO One Seven LLC Acquires 7,531 Shares of Simon Property Group, Inc. $SPG

MGO One Seven LLC raised its holdings in Simon Property Group, Inc. (NYSE:SPG) by 265.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,370 shares of the real estate investment trust’s stock after acquiring an additional 7,531 shares during the period. MGO One Seven LLC’s holdings in Simon Property Group were worth $1,946,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Simon Property Group during the 2nd quarter valued at approximately $1,051,262,000. JPMorgan Chase & Co. boosted its position in Simon Property Group by 34.2% in the second quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock valued at $1,046,943,000 after buying an additional 1,660,188 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Simon Property Group during the second quarter worth $68,013,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Simon Property Group during the second quarter worth $60,849,000. Finally, State Street Corp lifted its stake in shares of Simon Property Group by 1.1% in the 2nd quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock valued at $3,448,703,000 after acquiring an additional 228,819 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Performance

NYSE:SPG opened at $185.55 on Thursday. The company has a debt-to-equity ratio of 9.59, a quick ratio of 1.44 and a current ratio of 1.44. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.13. The company has a 50 day simple moving average of $184.06 and a two-hundred day simple moving average of $177.69. The company has a market capitalization of $60.58 billion, a PE ratio of 27.01, a P/E/G ratio of 8.78 and a beta of 1.37.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.13. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company earned $3.05 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 4.7%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. The ex-dividend date of this dividend was Wednesday, December 10th. Simon Property Group’s payout ratio is currently 128.09%.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Daniel C. Smith bought 347 shares of the stock in a transaction on Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, for a total transaction of $64,542.00. Following the completion of the acquisition, the director owned 32,680 shares in the company, valued at $6,078,480. This trade represents a 1.07% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gary M. Rodkin purchased 226 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the acquisition, the director directly owned 19,455 shares in the company, valued at approximately $3,618,630. This represents a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 2,192 shares of company stock worth $407,712. Corporate insiders own 8.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SPG shares. Mizuho set a $192.00 price objective on Simon Property Group in a research report on Friday, January 9th. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Scotiabank raised their price objective on shares of Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a report on Wednesday. Citigroup boosted their target price on shares of Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, UBS Group raised their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $191.92.

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.