Exchange Traded Concepts LLC Decreases Holdings in Simon Property Group, Inc. $SPG

Exchange Traded Concepts LLC decreased its holdings in Simon Property Group, Inc. (NYSE:SPG) by 9.6% in the fourth quarter, Holdings Channel reports. The fund owned 74,418 shares of the real estate investment trust’s stock after selling 7,887 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Simon Property Group were worth $13,776,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stance Capital LLC purchased a new position in shares of Simon Property Group during the third quarter valued at approximately $26,000. Silicon Valley Capital Partners purchased a new stake in shares of Simon Property Group in the second quarter worth approximately $30,000. Salomon & Ludwin LLC purchased a new stake in shares of Simon Property Group in the third quarter worth approximately $39,000. Atlantic Union Bankshares Corp lifted its stake in shares of Simon Property Group by 143.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 123 shares during the last quarter. Finally, City Holding Co. bought a new stake in shares of Simon Property Group during the 3rd quarter worth approximately $40,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPG has been the topic of several research analyst reports. Barclays upped their price objective on Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Piper Sandler reiterated an “overweight” rating and set a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Tuesday, January 20th. Finally, Morgan Stanley set a $205.00 price objective on shares of Simon Property Group in a research report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $199.57.

Insider Activity at Simon Property Group

In related news, Director Glyn Aeppel bought 216 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were bought 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 of the company’s stock, valued at approximately $3,623,466. This trade represents a 1.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reuben S. Leibowitz bought 480 shares of Simon Property Group stock in a transaction 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 acquisition, the director directly owned 53,639 shares of the company’s stock, valued at $9,976,854. This represents a 0.90% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 2,192 shares of company stock valued at $407,712 over the last 90 days. Company insiders own 8.66% of the company’s stock.

Simon Property Group Stock Performance

Shares of SPG stock opened at $180.17 on Friday. The firm has a market cap of $58.55 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 5.94 and a beta of 1.36. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $205.12. 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 company’s 50 day moving average is $192.35 and its 200 day moving average is $185.87.

Simon Property Group (NYSE:SPG) last posted its 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. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.Simon Property Group’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, sell-side analysts anticipate 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. Investors of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is 62.06%.

Simon Property Group announced that its board has approved a share buyback plan 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 reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.