Hamlin Capital Management LLC Sells 65,055 Shares of Simon Property Group, Inc. $SPG

Hamlin Capital Management LLC lessened its holdings in Simon Property Group, Inc. (NYSE:SPG) by 6.7% during the fourth quarter, Holdings Channel reports. The fund owned 905,071 shares of the real estate investment trust’s stock after selling 65,055 shares during the period. Simon Property Group makes up 4.0% of Hamlin Capital Management LLC’s holdings, making the stock its 10th largest holding. Hamlin Capital Management LLC’s holdings in Simon Property Group were worth $167,538,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Colonial Trust Co SC boosted its position in Simon Property Group by 25.7% during the third 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 period. MassMutual Private Wealth & Trust FSB raised its position in shares of Simon Property Group by 4.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,582 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 65 shares during the period. Howard Capital Management Inc. raised its position 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 valued at $408,000 after purchasing an additional 66 shares during the period. TIAA Trust National Association lifted its stake in shares of Simon Property Group by 3.9% during the 3rd 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. Finally, SageView Advisory Group LLC lifted its stake in shares of Simon Property Group by 3.5% during the 2nd quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock worth $344,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In related news, Director Larry C. Glasscock bought 363 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, for a total transaction of $67,518.00. Following the transaction, the director owned 43,899 shares in the company, valued at $8,165,214. The trade was a 0.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glyn Aeppel bought 216 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, with a total value of $40,176.00. Following the completion of the transaction, the director owned 19,481 shares in the company, valued at approximately $3,623,466. This trade represents a 1.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 2,192 shares of company stock valued at $407,712 over the last ninety days. 8.66% of the stock is owned by corporate insiders.

Simon Property Group Price Performance

NYSE:SPG opened at $184.49 on Friday. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $205.12. The firm has a market cap of $59.95 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 6.08 and a beta of 1.36. The firm’s 50-day simple moving average is $192.72 and its 200 day simple moving average is $185.89. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm posted $3.68 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group announced that its board has authorized a stock buyback program on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Simon Property Group Announces Dividend

The business also recently declared 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. This represents a $8.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s payout ratio is 62.06%.

Analyst Upgrades and Downgrades

SPG has been the topic of a number of research reports. Barclays upped their price target on shares of Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Stifel Nicolaus raised their price objective on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Evercore upped their target price on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research report on Tuesday, February 3rd. Finally, Scotiabank increased their target price on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $199.36.

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.