Quantum Portfolio Management LLC Purchases 2,937 Shares of Simon Property Group, Inc. $SPG

Quantum Portfolio Management LLC raised its position in Simon Property Group, Inc. (NYSE:SPG) by 51.7% in the 3rd quarter, Holdings Channel reports. The firm owned 8,618 shares of the real estate investment trust’s stock after buying an additional 2,937 shares during the period. Quantum Portfolio Management LLC’s holdings in Simon Property Group were worth $1,617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Simon Property Group in the 4th quarter valued at $295,000. Swedbank AB lifted its holdings in Simon Property Group by 5.6% during the second quarter. Swedbank AB now owns 137,950 shares of the real estate investment trust’s stock worth $22,177,000 after acquiring an additional 7,296 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Simon Property Group by 23.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 31,923 shares of the real estate investment trust’s stock valued at $5,323,000 after acquiring an additional 6,069 shares during the period. Global X Japan Co. Ltd. increased its holdings in shares of Simon Property Group by 26.7% in the second quarter. Global X Japan Co. Ltd. now owns 1,036 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 218 shares in the last quarter. Finally, CX Institutional raised its position in shares of Simon Property Group by 23.3% during the second quarter. CX Institutional now owns 1,654 shares of the real estate investment trust’s stock worth $266,000 after purchasing an additional 313 shares during the period. 93.01% of the stock is owned by institutional investors.

Insider Activity at Simon Property Group

In related news, Director Stefan M. Selig acquired 201 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, with a total value of $37,386.00. Following the acquisition, the director owned 32,277 shares in the company, valued at $6,003,522. This represents a 0.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary M. Rodkin bought 226 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $42,036.00. Following the completion of the purchase, the director directly owned 19,455 shares of the company’s stock, valued at $3,618,630. This represents a 1.18% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 2,192 shares of company stock worth $407,712. Insiders own 8.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays reiterated a “positive” rating and issued a $188.00 price objective on shares of Simon Property Group in a research report on Tuesday, January 13th. Evercore ISI increased their price objective on shares of Simon Property Group from $187.00 to $188.00 and gave the stock an “in-line” rating in a research report on Friday, October 17th. Piper Sandler raised their price objective on shares of Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Morgan Stanley set a $205.00 target price on shares of Simon Property Group in a research note on Friday. Finally, Stifel Nicolaus increased their target price on Simon Property Group from $179.00 to $184.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Simon Property Group has a consensus rating of “Hold” and an average price target of $193.85.

Simon Property Group Stock Performance

Shares of SPG opened at $184.94 on Monday. The stock has a market capitalization of $60.38 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 8.81 and a beta of 1.37. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.13. The firm has a fifty day simple moving average of $184.11 and a 200 day simple moving average of $178.07. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 9.59.

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

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were given a dividend of $2.20 per share. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.15. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.8%. Simon Property Group’s payout ratio is presently 128.09%.

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.