Simon Property Group, Inc. $SPG Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its stake in Simon Property Group, Inc. (NYSE:SPG) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,094 shares of the real estate investment trust’s stock after acquiring an additional 8,750 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.06% of Simon Property Group worth $33,893,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Simon Property Group during the second quarter worth approximately $1,051,262,000. Wellington Management Group LLP boosted its stake in Simon Property Group by 634.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock valued at $1,383,145,000 after purchasing an additional 6,366,711 shares in the last quarter. Capital World Investors boosted its stake in Simon Property Group by 45.0% during the 3rd quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock valued at $1,573,450,000 after purchasing an additional 2,600,508 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Simon Property Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after purchasing an additional 844,190 shares during the period. Finally, Barclays PLC raised its stake in shares of Simon Property Group by 78.9% in the 3rd quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock worth $207,158,000 after buying an additional 486,967 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Truist Financial upped their price objective on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Citigroup boosted their price target 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 reissued an “overweight” rating and issued a $230.00 price target (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Scotiabank lifted their price objective on shares of Simon Property Group from $189.00 to $192.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and an average price target of $199.57.

Simon Property Group Stock Performance

SPG opened at $181.86 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. The firm has a market cap of $59.09 billion, a PE ratio of 12.82, a P/E/G ratio of 5.98 and a beta of 1.36. The business has a fifty day simple moving average of $192.44 and a 200-day simple moving average of $185.85. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $205.12.

Simon Property Group (NYSE:SPG) last announced its 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. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $3.68 earnings per share. Simon Property Group’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, equities analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued 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 dividend payout ratio (DPR) is presently 62.06%.

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

Insider Buying and Selling

In other news, Director Glyn Aeppel purchased 216 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the transaction, the director owned 19,481 shares in the company, valued at $3,623,466. The trade was a 1.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reuben S. Leibowitz acquired 480 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $89,280.00. Following the purchase, the director directly owned 53,639 shares in the company, valued at approximately $9,976,854. This trade represents a 0.90% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 2,192 shares of company stock valued at $407,712. Company insiders own 8.66% of the company’s stock.

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.