Simon Property Group, Inc. $SPG Holdings Increased by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 35.2% during the third quarter, HoldingsChannel.com reports. The firm owned 14,841 shares of the real estate investment trust’s stock after buying an additional 3,861 shares during the period. Vise Technologies Inc.’s holdings in Simon Property Group were worth $2,980,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SPG. BlackRock Inc. grew its stake in shares of Simon Property Group by 1.2% during the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after purchasing an additional 455,543 shares during the period. Wellington Management Group LLP boosted its holdings in Simon Property Group by 2.7% during the second quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock worth $2,100,146,000 after buying an additional 242,709 shares during the last quarter. Bank of America Corp DE grew its position in shares of Simon Property Group by 6.1% during the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after buying an additional 491,519 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Simon Property Group by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust’s stock worth $859,209,000 after buying an additional 105,524 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Simon Property Group by 13,579.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock valued at $806,167,000 after acquiring an additional 3,578,240 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPG has been the topic of a number of analyst reports. Mizuho increased their price target on shares of Simon Property Group from $211.00 to $226.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Weiss Ratings lowered shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Truist Financial assumed coverage on shares of Simon Property Group in a research report on Friday, October 2nd. They set a “hold” rating and a $215.00 price target on the stock. Citigroup boosted their price target on shares of Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a report on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft cut Simon Property Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $205.00 to $220.00 in a research note on Thursday, July 9th. Nine analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and a consensus price target of $228.67.

Insider Buying and Selling at Simon Property Group

In other news, Director Reuben Leibowitz purchased 480 shares of Simon Property Group stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average price of $202.78 per share, for a total transaction of $97,334.40. Following the transaction, the director owned 56,277 shares of the company’s stock, valued at approximately $11,411,850.06. The trade was a 0.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stefan Selig bought 208 shares of the stock in a transaction on Wednesday, September 30th. The shares were acquired at an average cost of $202.78 per share, with a total value of $42,178.24. Following the purchase, the director owned 34,020 shares of the company’s stock, valued at approximately $6,898,575.60. This represents a 0.62% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 1,668 shares of company stock valued at $338,237 over the last three months. 8.73% of the stock is owned by insiders.

Simon Property Group Price Performance

NYSE:SPG opened at $228.21 on Thursday. Simon Property Group, Inc. has a one year low of $177.88 and a one year high of $238.50. The company has a market cap of $73.84 billion, a P/E ratio of 16.09, a P/E/G ratio of 3.42 and a beta of 1.27. The firm’s fifty day moving average price is $207.49 and its two-hundred day moving average price is $206.33. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $1.70 EPS. The company’s revenue was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities analysts expect that Simon Property Group, Inc. will post 13.24 earnings per share for the current year.

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

Simon Property Group Company Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.