SG Americas Securities LLC Has $4.50 Million Stake in Simon Property Group, Inc. $SPG

SG Americas Securities LLC boosted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 145.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,958 shares of the real estate investment trust’s stock after purchasing an additional 14,199 shares during the period. SG Americas Securities LLC’s holdings in Simon Property Group were worth $4,496,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in Simon Property Group by 68.8% in the second quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock worth $20,081,000 after acquiring an additional 50,932 shares in the last quarter. Highland Capital Management LLC acquired a new stake in shares of Simon Property Group in the 2nd quarter valued at $1,196,000. Arrowstreet Capital Limited Partnership boosted its holdings in Simon Property Group by 740.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 177,568 shares of the real estate investment trust’s stock worth $28,546,000 after purchasing an additional 156,448 shares in the last quarter. Capital Advisors Inc. OK increased its position in Simon Property Group by 0.5% during the second quarter. Capital Advisors Inc. OK now owns 393,756 shares of the real estate investment trust’s stock worth $63,300,000 after buying an additional 2,064 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in Simon Property Group by 4.4% during the third quarter. Asset Management One Co. Ltd. now owns 620,397 shares of the real estate investment trust’s stock valued at $116,430,000 after buying an additional 26,343 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Gary M. Rodkin bought 226 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, with a total value of $42,036.00. Following the completion of the transaction, the director directly owned 19,455 shares in the company, valued at $3,618,630. This represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stefan M. Selig purchased 201 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $37,386.00. Following the acquisition, the director owned 32,277 shares in the company, valued at approximately $6,003,522. This represents a 0.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 2,192 shares of company stock valued at $407,712 in the last quarter. 8.66% of the stock is currently owned by insiders.

Simon Property Group Stock Performance

Shares of NYSE SPG opened at $184.60 on Monday. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.13. The company has a market cap of $60.27 billion, a P/E ratio of 26.87, a P/E/G ratio of 8.80 and a beta of 1.37. The business’s 50 day moving average is $183.78 and its two-hundred day moving average is $177.30. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 9.59.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $3.05 earnings per share. Simon Property Group’s quarterly revenue 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. On average, equities analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were given a dividend of $2.20 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Wednesday, December 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 128.09%.

Analysts Set New Price Targets

Several analysts have recently issued reports on SPG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research note on Tuesday, October 14th. Piper Sandler boosted their target price on Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Stifel Nicolaus increased their price target on Simon Property Group from $179.00 to $184.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Barclays lifted their price target on shares of Simon Property Group from $180.00 to $186.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 18th. 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. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and a consensus price target of $191.54.

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.