Simon Property Group, Inc. $SPG Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 78.9% in the third quarter, Holdings Channel reports. The firm owned 1,103,843 shares of the real estate investment trust’s stock after acquiring an additional 486,967 shares during the period. Barclays PLC’s holdings in Simon Property Group were worth $207,158,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Silicon Valley Capital Partners acquired a new position in shares of Simon Property Group during the second quarter worth about $30,000. VSM Wealth Advisory LLC purchased a new stake in shares of Simon Property Group in the second quarter worth about $30,000. Atlantic Union Bankshares Corp grew its stake in shares of Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 123 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Simon Property Group in the third quarter valued at about $39,000. Finally, City Holding Co. purchased a new stake in shares of Simon Property Group during the 3rd quarter valued at about $40,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Stifel Nicolaus boosted their price target on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, February 3rd. Mizuho set a $192.00 price objective on shares of Simon Property Group in a research note on Friday, January 9th. Citigroup boosted their target price on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Finally, Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research note on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $199.36.

Simon Property Group Stock Performance

Simon Property Group stock opened at $194.72 on Friday. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $205.12. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 4.42. The stock has a market cap of $63.57 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 6.62 and a beta of 1.36. The stock has a 50 day moving average of $191.88 and a 200-day moving average of $184.99.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping 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%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business 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 dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group declared that its Board of Directors has approved a stock repurchase program on Thursday, February 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Gary M. Rodkin purchased 226 shares of the firm’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 $42,036.00. Following the completion of the purchase, the director owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reuben S. Leibowitz purchased 480 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was 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 approximately $9,976,854. This represents a 0.90% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 2,192 shares of company stock worth $407,712. 8.66% of the stock is currently owned by insiders.

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.