Simon Property Group, Inc. $SPG Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 12.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 222,069 shares of the real estate investment trust’s stock after purchasing an additional 25,427 shares during the period. Natixis Advisors LLC’s holdings in Simon Property Group were worth $41,676,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SPG. Colonial Trust Co SC raised its holdings in Simon Property Group by 25.7% in the 3rd quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 65 shares during the period. Howard Capital Management Inc. increased its position in shares of Simon Property Group by 3.1% in the third quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 66 shares in the last quarter. TIAA Trust National Association raised its stake in shares of Simon Property Group by 3.9% during the 3rd quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 67 shares during the period. Wealth Alliance LLC lifted its position in shares of Simon Property Group by 1.9% during the 2nd quarter. Wealth Alliance LLC now owns 3,845 shares of the real estate investment trust’s stock valued at $618,000 after buying an additional 70 shares in the last quarter. Finally, SageView Advisory Group LLC grew its stake in Simon Property Group by 3.5% in the 2nd quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 71 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Price Performance

Simon Property Group stock opened at $192.76 on Tuesday. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $205.12. The firm has a market capitalization of $62.64 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 6.42 and a beta of 1.35. The company has a fifty day simple moving average of $191.98 and a 200-day simple moving average of $185.28. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

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

Simon Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $2.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.6%. Simon Property Group’s dividend payout ratio is presently 62.06%.

Simon Property Group announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Scotiabank upped their price objective on shares of Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their target price on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Stifel Nicolaus lifted their price objective on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, February 3rd. Finally, Truist Financial boosted their price objective on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $199.36.

Insiders Place Their Bets

In other Simon Property Group news, Director Glyn Aeppel bought 216 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, with a total value of $40,176.00. Following the purchase, the director directly owned 19,481 shares of the company’s stock, valued at $3,623,466. This trade represents a 1.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Larry C. Glasscock bought 363 shares of the stock in a transaction dated Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $67,518.00. Following the completion of the acquisition, the director owned 43,899 shares in the company, valued at approximately $8,165,214. The trade was a 0.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 2,192 shares of company stock worth $407,712. 8.60% of the stock is currently owned by 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.