Landscape Capital Management L.L.C. Makes New $2.83 Million Investment in Simon Property Group, Inc. $SPG

Landscape Capital Management L.L.C. bought a new position in Simon Property Group, Inc. (NYSE:SPG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,676 shares of the real estate investment trust’s stock, valued at approximately $2,835,000.

A number of other hedge funds also recently made changes to their positions in SPG. Vanguard Group Inc. lifted its stake in Simon Property Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock valued at $8,694,610,000 after purchasing an additional 286,464 shares during the last quarter. BlackRock Inc. boosted its position in Simon Property Group by 1.2% in the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock valued at $8,335,255,000 after buying an additional 455,543 shares in the last quarter. State Street Corp grew its stake in shares of Simon Property Group by 1.5% during the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock worth $4,084,730,000 after buying an additional 312,995 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Simon Property Group by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after buying an additional 363,337 shares during the last quarter. Finally, Capital World Investors increased its holdings in shares of Simon Property Group by 2.7% during the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock worth $1,593,872,000 after buying an additional 226,271 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Stock Down 0.6%

Shares of NYSE:SPG opened at $218.52 on Friday. The firm has a market cap of $70.70 billion, a P/E ratio of 15.41, a P/E/G ratio of 2.74 and a beta of 1.30. Simon Property Group, Inc. has a 12-month low of $172.19 and a 12-month high of $238.50. The business has a fifty day simple moving average of $223.06 and a 200 day simple moving average of $207.13. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be issued a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 annualized dividend and a yield of 4.1%. Simon Property Group’s dividend payout ratio is presently 63.47%.

Insiders Place Their Bets

In other news, Director Larry C. Glasscock bought 397 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, with a total value of $88,681.86. Following the transaction, the director owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel C. Smith purchased 372 shares of the stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $223.31 per share, with a total value of $83,071.32. Following the acquisition, the director owned 34,480 shares in the company, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 2,387 shares of company stock valued at $533,056 over the last three months. Insiders own 8.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SPG shares. Morgan Stanley increased their price target on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Truist Financial lifted their price target on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Barclays boosted their price target on Simon Property Group from $213.00 to $215.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Citigroup upped their price objective on Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $223.00.

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.