Simon Property Group, Inc. $SPG Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its position in Simon Property Group, Inc. (NYSE:SPG) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,375 shares of the real estate investment trust’s stock after selling 6,796 shares during the quarter. Teacher Retirement System of Texas’ holdings in Simon Property Group were worth $9,454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPG. iA Global Asset Management Inc. increased its stake in shares of Simon Property Group by 12.6% in the third quarter. iA Global Asset Management Inc. now owns 16,633 shares of the real estate investment trust’s stock valued at $3,122,000 after purchasing an additional 1,864 shares during the period. Strs Ohio grew its holdings in Simon Property Group by 1.6% in the 3rd quarter. Strs Ohio now owns 378,501 shares of the real estate investment trust’s stock worth $71,033,000 after buying an additional 5,903 shares in the last quarter. SAM Advisors LLC increased its position in Simon Property Group by 0.4% in the 3rd quarter. SAM Advisors LLC now owns 21,731 shares of the real estate investment trust’s stock valued at $4,078,000 after acquiring an additional 89 shares during the period. Outlook Wealth Advisors LLC bought a new stake in Simon Property Group during the 3rd quarter valued at $308,000. Finally, Simplicity Wealth LLC acquired a new position in Simon Property Group during the 3rd quarter worth $339,000. Institutional investors own 93.01% of the company’s stock.

Insider Activity at Simon Property Group

In related news, Director Reuben S. Leibowitz acquired 480 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the acquisition, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This represents a 0.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Rodkin acquired 226 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $42,036.00. Following the completion of the purchase, the director directly owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. This represents a 1.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 2,192 shares of company stock valued at $407,712 over the last ninety days. Company insiders own 8.60% of the company’s stock.

Simon Property Group Stock Performance

Shares of SPG opened at $184.83 on Monday. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $190.13. The stock has a market capitalization of $60.34 billion, a P/E ratio of 26.90, a P/E/G ratio of 6.85 and a beta of 1.37. The firm’s 50 day moving average is $184.23 and its 200-day moving average is $178.77. The company has a debt-to-equity ratio of 9.59, a current ratio of 1.44 and a quick ratio of 1.44.

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

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were issued a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Wednesday, December 10th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s payout ratio is presently 128.09%.

Analyst Upgrades and Downgrades

SPG has been the topic of a number of research analyst reports. Truist Financial raised their price target on Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a report on Wednesday, December 17th. Mizuho set a $192.00 target price on shares of Simon Property Group in a research report on Friday, January 9th. Morgan Stanley set a $205.00 target price on shares of Simon Property Group in a research note on Friday, January 16th. Citigroup boosted their price target on shares of Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and a consensus price target of $194.64.

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.