Aew Capital Management L P Boosts Stock Holdings in Simon Property Group, Inc. $SPG

Aew Capital Management L P grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 90.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 530,155 shares of the real estate investment trust’s stock after buying an additional 252,510 shares during the period. Simon Property Group makes up approximately 5.5% of Aew Capital Management L P’s holdings, making the stock its 8th biggest position. Aew Capital Management L P’s holdings in Simon Property Group were worth $99,494,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPG. Colonial Trust Co SC lifted its holdings in Simon Property Group by 25.7% in the 3rd quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 65 shares during the last quarter. Howard Capital Management Inc. lifted its stake in shares of Simon Property Group by 3.1% in the third quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 66 shares during the last quarter. Wealth Alliance LLC grew its stake in Simon Property Group by 1.9% in the 2nd quarter. Wealth Alliance LLC now owns 3,845 shares of the real estate investment trust’s stock valued at $618,000 after buying an additional 70 shares during the last quarter. SageView Advisory Group LLC raised its holdings in Simon Property Group by 3.5% in the 2nd quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock worth $344,000 after acquiring an additional 71 shares during the period. Finally, Y.D. More Investments Ltd lifted its position in Simon Property Group by 8.4% during the 3rd quarter. Y.D. More Investments Ltd now owns 959 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 74 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group Stock Performance

Shares of NYSE SPG opened at $199.56 on Wednesday. The firm has a market capitalization of $65.15 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 6.59 and a beta of 1.39. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $203.60. The business has a fifty day simple moving average of $189.49 and a 200 day simple moving average of $183.47. The company has a current ratio of 0.90, a quick ratio of 1.44 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share 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 firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company earned $3.68 earnings per share. The business’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. Sell-side analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in outstanding 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 plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Simon Property Group Announces Dividend

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

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Glyn Aeppel purchased 216 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, for a total transaction of $40,176.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reuben S. Leibowitz acquired 480 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, for a total transaction of $89,280.00. Following the completion of the acquisition, the director directly owned 53,639 shares of the company’s stock, valued at approximately $9,976,854. This represents a 0.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 2,192 shares of company stock valued at $407,712. Corporate insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPG. Barclays reaffirmed a “positive” rating and issued a $188.00 price target on shares of Simon Property Group in a research report on Tuesday, January 13th. Piper Sandler restated an “overweight” rating and set a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Scotiabank upped their price target on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Finally, Mizuho set a $192.00 price objective on shares of Simon Property Group in a research note on Friday, January 9th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $197.93.

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.