LDR Capital Management LLC Buys New Position in Simon Property Group, Inc. $SPG

LDR Capital Management LLC acquired a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,419 shares of the real estate investment trust’s stock, valued at approximately $829,000. Simon Property Group accounts for about 1.2% of LDR Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding.

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

Insider Activity

In other Simon Property Group news, Director Stefan M. Selig bought 201 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, with a total value of $37,386.00. Following the completion of the acquisition, the director owned 32,277 shares in the company, valued at approximately $6,003,522. This represents a 0.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary M. Rodkin acquired 226 shares of Simon Property Group stock in a transaction dated Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, with a total value of $42,036.00. Following the completion of the purchase, the director directly owned 19,455 shares in the company, valued at $3,618,630. This represents a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 2,192 shares of company stock worth $407,712. 8.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SPG. Scotiabank increased their price target on shares of Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Piper Sandler lifted their target price on shares of Simon Property Group from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, November 10th. UBS Group upped their price target on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Truist Financial lifted their price objective on Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $194.64.

Simon Property Group Stock Performance

SPG stock opened at $185.21 on Tuesday. The stock has a market capitalization of $60.46 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 8.81 and a beta of 1.37. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $190.13. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 9.59. The stock’s 50 day simple moving average is $184.15 and its 200 day simple moving average is $178.20.

Simon Property Group (NYSE:SPG) last posted its 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. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.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 company earned $3.05 EPS. The company’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. As a group, research analysts forecast 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 was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were paid a dividend of $2.20 per share. The ex-dividend date was Wednesday, December 10th. This represents a $8.80 annualized dividend and a yield of 4.8%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s dividend payout ratio (DPR) is currently 128.09%.

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.