Edgar Lomax Co. VA Sells 13,830 Shares of Simon Property Group, Inc. $SPG

Edgar Lomax Co. VA lowered its stake in Simon Property Group, Inc. (NYSE:SPG) by 22.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,085 shares of the real estate investment trust’s stock after selling 13,830 shares during the quarter. Edgar Lomax Co. VA’s holdings in Simon Property Group were worth $8,836,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SPG. Colonial Trust Co SC increased its position in shares of Simon Property Group by 25.7% during 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. increased its holdings in Simon Property Group by 3.1% during 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. TIAA Trust National Association increased its holdings in Simon Property Group by 3.9% during the third quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 67 shares during the last quarter. Wealth Alliance LLC raised its position in Simon Property Group by 1.9% during the second quarter. Wealth Alliance LLC now owns 3,845 shares of the real estate investment trust’s stock worth $618,000 after acquiring an additional 70 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its stake in Simon Property Group by 3.5% in the second quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 71 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Price Performance

Simon Property Group stock opened at $201.13 on Friday. The company has a market capitalization of $65.66 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 6.69 and a beta of 1.36. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 4.42. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $205.12. The stock’s 50 day moving average is $191.74 and its 200-day moving average is $184.84.

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

Simon Property Group announced that its board has initiated a stock repurchase program 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 repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Simon Property Group Announces Dividend

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

Insiders Place Their Bets

In related news, Director Glyn Aeppel purchased 216 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the purchase, the director owned 19,481 shares in the company, valued at approximately $3,623,466. This represents a 1.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Rodkin purchased 226 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the transaction, the director directly owned 19,455 shares of the company’s stock, valued at $3,618,630. This represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 2,192 shares of company stock worth $407,712. 8.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SPG shares. 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 report on Tuesday, February 3rd. Evercore upped their price objective on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. raised their price objective on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Citigroup lifted their target price on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, Mizuho set a $192.00 price target on Simon Property Group in a research note on Friday, January 9th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and an average price target of $199.36.

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.