West Family Investments Inc. Invests $3.60 Million in Simon Property Group, Inc. $SPG

West Family Investments Inc. bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,162 shares of the real estate investment trust’s stock, valued at approximately $3,596,000. Simon Property Group makes up approximately 0.8% of West Family Investments Inc.’s investment portfolio, making the stock its 19th largest position.

Several other hedge funds have also made changes to their positions in SPG. VSM Wealth Advisory LLC bought a new stake in Simon Property Group during the 2nd quarter valued at $30,000. Silicon Valley Capital Partners purchased a new stake in shares of Simon Property Group during the 2nd quarter worth $30,000. Bell Investment Advisors Inc lifted its stake 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 purchasing an additional 146 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Simon Property Group during the third quarter valued at about $39,000. Finally, Atlantic Union Bankshares Corp grew its stake in Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SPG shares. Truist Financial lifted their price objective on shares of Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Barclays reaffirmed a “positive” rating and issued a $188.00 price target on shares of Simon Property Group in a report on Tuesday, January 13th. JPMorgan Chase & Co. increased their price objective on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Finally, UBS Group upped their target price on Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $197.93.

Simon Property Group Price Performance

NYSE:SPG opened at $201.14 on Thursday. The firm’s fifty day moving average is $189.83 and its two-hundred day moving average is $183.59. The firm has a market cap of $65.67 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 6.57 and a beta of 1.39. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.44 and a current ratio of 0.90. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $203.60.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $3.68 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Research analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is currently 62.06%.

Simon Property Group declared that its board has authorized a share repurchase program on Thursday, February 5th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the real estate investment trust to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Simon Property Group

In other news, Director Glyn Aeppel acquired 216 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the transaction, the director owned 19,481 shares in the company, valued at approximately $3,623,466. The trade was a 1.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Rodkin bought 226 shares of the stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the purchase, the director owned 19,455 shares in the company, valued at approximately $3,618,630. This represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 2,192 shares of company stock worth $407,712. 8.66% of the stock is currently owned by insiders.

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.