Meeder Asset Management Inc. Decreases Stock Holdings in Simon Property Group, Inc. $SPG

Meeder Asset Management Inc. lessened its holdings in Simon Property Group, Inc. (NYSE:SPG) by 29.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 117,692 shares of the real estate investment trust’s stock after selling 49,724 shares during the quarter. Simon Property Group makes up approximately 1.3% of Meeder Asset Management Inc.’s holdings, making the stock its 20th largest position. Meeder Asset Management Inc.’s holdings in Simon Property Group were worth $22,087,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Trust Co. of Toledo NA OH acquired a new stake in shares of Simon Property Group during the 2nd quarter worth about $25,000. VSM Wealth Advisory LLC acquired a new stake in Simon Property Group during the second quarter worth approximately $30,000. Silicon Valley Capital Partners acquired a new stake in Simon Property Group during the second quarter worth approximately $30,000. Bell Investment Advisors Inc lifted its position in shares of Simon Property Group by 205.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 146 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Simon Property Group in the 3rd quarter valued at $39,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Price Performance

Shares of SPG opened at $184.60 on Monday. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.13. The company has a market capitalization of $60.27 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 8.80 and a beta of 1.37. The firm has a 50-day simple moving average of $183.78 and a 200-day simple moving average of $177.30. 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 posted 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 return on equity of 79.30% and a net margin of 38.18%.The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business earned $3.05 EPS. The firm’s 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. On average, equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were issued a dividend of $2.20 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.15. This represents a $8.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Wednesday, December 10th. Simon Property Group’s dividend payout ratio is 128.09%.

Analyst Ratings Changes

Several brokerages recently commented on SPG. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research note on Tuesday, October 14th. Evercore ISI raised their price objective on Simon Property Group from $187.00 to $188.00 and gave the stock an “in-line” rating in a report on Friday, October 17th. Mizuho set a $192.00 target price on Simon Property Group in a research report on Friday. UBS Group boosted their target price on Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Stifel Nicolaus upped their target price on Simon Property Group from $179.00 to $184.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $191.54.

Insider Activity

In other news, Director Stefan M. Selig acquired 201 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, with a total value of $37,386.00. Following the purchase, the director owned 32,277 shares of the company’s stock, valued at $6,003,522. This represents a 0.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Larry C. Glasscock acquired 363 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, with a total value 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 2,192 shares of company stock valued at $407,712. 8.66% of the stock is currently owned by company insiders.

About Simon Property Group

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.