Advisors Asset Management Inc. Has $3.24 Million Position in Simon Property Group, Inc. $SPG

Advisors Asset Management Inc. reduced its position in Simon Property Group, Inc. (NYSE:SPG) by 21.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,269 shares of the real estate investment trust’s stock after selling 4,660 shares during the quarter. Advisors Asset Management Inc.’s holdings in Simon Property Group were worth $3,241,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in SPG. Brighton Jones LLC acquired a new position in Simon Property Group during the 4th quarter valued at about $295,000. CWM LLC increased its holdings in Simon Property Group by 22.1% during the second quarter. CWM LLC now owns 12,763 shares of the real estate investment trust’s stock worth $2,052,000 after buying an additional 2,310 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Simon Property Group by 2.6% in the 2nd quarter. TD Asset Management Inc now owns 142,870 shares of the real estate investment trust’s stock worth $22,968,000 after purchasing an additional 3,596 shares during the period. Mutual Advisors LLC lifted its position in shares of Simon Property Group by 13.7% during the 2nd quarter. Mutual Advisors LLC now owns 2,754 shares of the real estate investment trust’s stock valued at $460,000 after buying an additional 331 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Simon Property Group during the second quarter valued at about $217,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Trading Up 2.8%

NYSE:SPG opened at $196.86 on Friday. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $201.40. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 1.44. The firm has a market capitalization of $64.27 billion, a P/E ratio of 13.88, a PEG ratio of 7.23 and a beta of 1.39. The company’s 50-day simple moving average is $186.97 and its 200 day simple moving average is $181.65.

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

Simon Property Group announced that its board has initiated a stock repurchase plan on Thursday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Simon Property Group Announces Dividend

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

Insider Buying and Selling at Simon Property Group

In related news, Director Reuben S. Leibowitz acquired 480 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, with a total value of $89,280.00. Following the completion of the purchase, the director directly owned 53,639 shares of the company’s stock, valued at $9,976,854. This represents a 0.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stefan M. Selig bought 201 shares of the firm’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 $37,386.00. Following the purchase, the director owned 32,277 shares in the company, valued at $6,003,522. This trade represents a 0.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 2,192 shares of company stock worth $407,712. 8.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SPG has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Scotiabank upped their target price on shares of Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. UBS Group increased 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 report on Thursday, January 8th. Truist Financial raised their price objective on Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $197.93.

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.