Envestnet Asset Management Inc. Trims Stock Holdings in Simon Property Group, Inc. $SPG

Envestnet Asset Management Inc. lowered its holdings in Simon Property Group, Inc. (NYSE:SPG) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,198 shares of the real estate investment trust’s stock after selling 33,061 shares during the period. Envestnet Asset Management Inc.’s holdings in Simon Property Group were worth $59,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SPG. Federated Hermes Inc. boosted its holdings in shares of Simon Property Group by 68.8% in the 2nd quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock worth $20,081,000 after purchasing an additional 50,932 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Simon Property Group by 15.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust’s stock valued at $12,521,000 after buying an additional 8,965 shares in the last quarter. National Pension Service lifted its position in Simon Property Group by 3.2% in the 3rd quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock worth $202,743,000 after buying an additional 33,758 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Simon Property Group by 8.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 119,798 shares of the real estate investment trust’s stock worth $22,482,000 after buying an additional 9,267 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake 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 buying an additional 156,448 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group Price Performance

Shares of Simon Property Group stock opened at $196.78 on Tuesday. The company’s fifty day simple moving average is $185.98 and its two-hundred day simple moving average is $180.96. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $201.40. The firm has a market cap of $64.24 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 7.34 and a beta of 1.39. The company has a quick ratio of 1.44, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating the consensus estimate of $3.47 by $0.02. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, equities analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $2.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.5%. Simon Property Group’s dividend payout ratio (DPR) is 62.06%.

Simon Property Group announced that its Board of Directors has approved a stock buyback program on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have commented on SPG. Truist Financial lifted their price target on shares of Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Evercore boosted their price target on shares of Simon Property Group from $188.00 to $198.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 3rd. Mizuho set a $192.00 price objective on Simon Property Group in a research note on Friday, January 9th. Finally, UBS Group boosted their target price on Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and an average target price of $197.93.

Insider Activity

In related news, Director Larry C. Glasscock acquired 363 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, with a total value of $67,518.00. Following the transaction, the director owned 43,899 shares in the company, valued at $8,165,214. This trade represents a 0.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Glyn Aeppel acquired 216 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, with a total value of $40,176.00. Following the completion of the acquisition, the director directly owned 19,481 shares in the company, valued at approximately $3,623,466. This represents a 1.12% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 2,192 shares of company stock valued at $407,712. 8.60% of the stock is owned by insiders.

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.