Vanguard Group Inc. Boosts Stock Holdings in Simon Property Group, Inc. $SPG

Vanguard Group Inc. lifted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 45,839,312 shares of the real estate investment trust’s stock after acquiring an additional 149,314 shares during the quarter. Vanguard Group Inc. owned approximately 14.04% of Simon Property Group worth $7,369,128,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SPG. Brighton Jones LLC bought a new stake in shares of Simon Property Group during the 4th quarter valued at $295,000. Private Advisor Group LLC grew its position in shares of Simon Property Group by 0.5% during the 1st quarter. Private Advisor Group LLC now owns 32,261 shares of the real estate investment trust’s stock valued at $5,358,000 after purchasing an additional 169 shares in the last quarter. Csenge Advisory Group bought a new position in shares of Simon Property Group in the first quarter worth $221,000. IFP Advisors Inc raised its position in shares of Simon Property Group by 9.6% in the first quarter. IFP Advisors Inc now owns 4,094 shares of the real estate investment trust’s stock worth $680,000 after buying an additional 359 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in Simon Property Group during the first quarter valued at $895,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on SPG shares. Argus reissued a “buy” rating and set a $185.00 price objective on shares of Simon Property Group in a report on Friday, September 5th. Morgan Stanley lifted their price objective on Simon Property Group from $170.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Piper Sandler increased their price target on shares of Simon Property Group from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Stifel Nicolaus lifted their price objective on Simon Property Group from $179.00 to $184.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Finally, Scotiabank boosted their price target on shares of Simon Property Group from $173.00 to $186.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $190.31.

Simon Property Group Price Performance

Shares of SPG opened at $181.85 on Wednesday. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.13. The firm’s 50-day simple moving average is $180.76 and its two-hundred day simple moving average is $170.97. The stock has a market cap of $59.37 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 12.73 and a beta of 1.50. The company has a debt-to-equity ratio of 9.05, a quick ratio of 1.23 and a current ratio of 1.23.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.13. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Simon Property Group had a return on equity of 72.38% and a net margin of 36.78%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.05 EPS. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a $2.20 dividend. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, December 10th. Simon Property Group’s payout ratio is currently 128.09%.

Insider Activity

In other news, Director Reuben S. Leibowitz acquired 464 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, with a total value of $86,280.80. Following the transaction, the director owned 58,659 shares of the company’s stock, valued at $10,907,641.05. This trade represents a 0.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Glyn Aeppel bought 208 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was purchased at an average cost of $185.95 per share, with a total value of $38,677.60. Following the completion of the acquisition, the director directly owned 19,265 shares of the company’s stock, valued at approximately $3,582,326.75. The trade was a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 2,121 shares of company stock valued at $394,400. 8.60% of the stock is currently owned by insiders.

Simon Property Group Profile

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.