Hazelview Securities Inc. Raises Stock Holdings in Simon Property Group, Inc. $SPG

Hazelview Securities Inc. lifted its stake in Simon Property Group, Inc. (NYSE:SPG) by 7,774.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,630 shares of the real estate investment trust’s stock after buying an additional 122,060 shares during the quarter. Simon Property Group comprises 3.6% of Hazelview Securities Inc.’s portfolio, making the stock its 16th biggest holding. Hazelview Securities Inc.’s holdings in Simon Property Group were worth $20,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC purchased a new position in Simon Property Group during the fourth quarter valued at approximately $295,000. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Simon Property Group by 2.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,712 shares of the real estate investment trust’s stock valued at $1,613,000 after purchasing an additional 224 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in shares of Simon Property Group by 54.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 7,744 shares of the real estate investment trust’s stock valued at $1,286,000 after buying an additional 2,729 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Simon Property Group by 11.6% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 1,516 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 158 shares during the period. Finally, Horizon Investments LLC boosted its holdings in Simon Property Group by 5.3% in the 1st quarter. Horizon Investments LLC now owns 4,442 shares of the real estate investment trust’s stock worth $738,000 after buying an additional 222 shares during the period. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Trading Up 0.1%

SPG stock opened at $181.98 on Friday. The firm has a fifty day moving average price of $180.56 and a 200 day moving average price of $173.48. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.13. The firm has a market cap of $59.41 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 8.86 and a beta of 1.37. The company has a debt-to-equity ratio of 9.59, a quick ratio of 1.44 and a current ratio of 1.44.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 EPS for the quarter, beating the consensus estimate of $3.09 by $0.13. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $3.05 earnings per share. Simon Property Group’s quarterly revenue was up 8.2% compared to the same quarter last year. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a $2.20 dividend. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. This represents a $8.80 annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, December 10th. Simon Property Group’s dividend payout ratio (DPR) is 128.09%.

Analyst Ratings Changes

SPG has been the topic of a number of recent analyst reports. Barclays raised their price target on Simon Property Group from $180.00 to $186.00 and gave the company an “equal weight” rating in a report on Tuesday, November 18th. Stifel Nicolaus lifted their target price on Simon Property Group from $179.00 to $184.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. upped their price target on Simon Property Group from $180.00 to $184.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Morgan Stanley increased their price objective on shares of Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Finally, Scotiabank boosted their target price on shares of Simon Property Group from $173.00 to $186.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group currently has an average rating of “Hold” and a consensus price target of $189.93.

Insider Activity at Simon Property Group

In related news, Director Gary M. Rodkin acquired 219 shares of Simon Property Group stock in a transaction on Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, with a total value of $40,723.05. Following the completion of the purchase, the director directly owned 19,229 shares of the company’s stock, valued at $3,575,632.55. The trade was a 1.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stefan M. Selig acquired 195 shares of the stock in a transaction dated Tuesday, September 30th. The stock was bought at an average cost of $185.95 per share, with a total value of $36,260.25. Following the completion of the purchase, the director directly owned 32,076 shares in the company, valued at approximately $5,964,532.20. The trade was a 0.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 2,121 shares of company stock valued at $394,400 over the last ninety days. 8.66% of the stock is currently owned by company 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.