Simon Property Group, Inc. $SPG Position Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,514,638 shares of the real estate investment trust’s stock after selling 60,157 shares during the period. Dimensional Fund Advisors LP’s holdings in Simon Property Group were worth $847,238,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Simon Property Group

In other news, Director Daniel C. Smith purchased 347 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, with a total value of $64,542.00. Following the acquisition, the director directly owned 32,680 shares in the company, valued at approximately $6,078,480. The trade was a 1.07% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Glyn Aeppel acquired 216 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, with a total value of $40,176.00. Following the transaction, the director directly owned 19,481 shares in the company, 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 have acquired 2,192 shares of company stock valued at $407,712 in the last three months. Company insiders own 8.60% of the company’s stock.

Simon Property Group Stock Down 0.6%

Shares of SPG stock opened at $201.85 on Wednesday. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $205.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. The firm has a market cap of $65.90 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 6.69 and a beta of 1.36. The stock has a 50 day moving average of $191.18 and a 200-day moving average of $184.60.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $3.68 earnings per share. Simon Property Group’s revenue 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. On average, equities analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group declared that its Board of Directors has approved a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $2.20 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.4%. Simon Property Group’s dividend payout ratio is currently 62.06%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SPG. Piper Sandler reiterated an “overweight” rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Barclays increased their price objective on Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a report on Monday. Citigroup boosted their target price on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Truist Financial upped their target price on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus target price 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.