Quantbot Technologies LP Raises Holdings in Simon Property Group, Inc. $SPG

Quantbot Technologies LP boosted its position in Simon Property Group, Inc. (NYSE:SPG) by 617.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,147 shares of the real estate investment trust’s stock after purchasing an additional 20,779 shares during the quarter. Quantbot Technologies LP’s holdings in Simon Property Group were worth $3,882,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new stake in shares of Simon Property Group during the second quarter worth $25,000. VSM Wealth Advisory LLC purchased a new position in shares of Simon Property Group in the second quarter worth about $30,000. Bell Investment Advisors Inc boosted 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 worth $35,000 after acquiring an additional 146 shares during the last quarter. Clearstead Trust LLC grew its stake in Simon Property Group by 68.4% during the 2nd quarter. Clearstead Trust LLC now owns 266 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 108 shares in the last quarter. Finally, WPG Advisers LLC purchased a new stake in Simon Property Group during the 1st quarter valued at about $47,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insiders Place Their Bets

In related news, Director Glyn Aeppel bought 208 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average price of $185.95 per share, for a total transaction of $38,677.60. Following the acquisition, the director owned 19,265 shares of the company’s stock, valued at approximately $3,582,326.75. This trade represents a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary M. Rodkin bought 219 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was purchased at an average cost of $185.95 per share, for a total transaction of $40,723.05. Following the transaction, the director owned 19,229 shares of the company’s stock, valued at $3,575,632.55. This trade represents a 1.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 2,121 shares of company stock worth $394,400. Insiders own 8.66% of the company’s stock.

Simon Property Group Price Performance

SPG stock opened at $182.32 on Thursday. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $190.13. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 9.59. The stock has a market cap of $59.52 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 9.02 and a beta of 1.37. The business has a fifty day moving average of $181.08 and a two-hundred day moving average of $172.49.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.13. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.05 EPS. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. As a group, research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $2.20 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.15. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, December 10th. Simon Property Group’s dividend payout ratio (DPR) is 128.09%.

Analysts Set New Price Targets

SPG has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Barclays lifted their price objective on Simon Property Group from $180.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 18th. JPMorgan Chase & Co. boosted their price objective on Simon Property Group from $180.00 to $184.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Morgan Stanley raised their target price on Simon Property Group from $170.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. Finally, Evercore ISI boosted their price target on shares of Simon Property Group from $187.00 to $188.00 and gave the company an “in-line” rating in a research report on Friday, October 17th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and a consensus price target of $189.93.

About Simon Property Group

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.