LSV Asset Management Makes New Investment in Simon Property Group, Inc. $SPG

LSV Asset Management bought a new stake in Simon Property Group, Inc. (NYSE:SPG) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 13,820 shares of the real estate investment trust’s stock, valued at approximately $2,594,000.

Other institutional investors also recently modified their holdings of the company. Caprock Group LLC bought a new position in Simon Property Group in the third quarter valued at about $2,687,000. Stratos Wealth Partners LTD. grew its holdings in shares of Simon Property Group by 27.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,425 shares of the real estate investment trust’s stock valued at $455,000 after purchasing an additional 525 shares during the last quarter. Stratos Wealth Advisors LLC grew its holdings in shares of Simon Property Group by 6.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,215 shares of the real estate investment trust’s stock valued at $416,000 after purchasing an additional 129 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in Simon Property Group during the 3rd quarter worth approximately $390,000. Finally, Wealthfront Advisers LLC lifted its stake in Simon Property Group by 10.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 73,003 shares of the real estate investment trust’s stock valued at $13,700,000 after purchasing an additional 7,091 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on SPG shares. UBS Group boosted their target price on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Citigroup upped their target price on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Piper Sandler reissued an “overweight” rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Mizuho set a $192.00 price target on Simon Property Group in a report on Friday, January 9th. Finally, Morgan Stanley set a $205.00 price objective on shares of Simon Property Group in a report on Friday, January 16th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $197.93.

Insiders Place Their Bets

In other news, Director Glyn Aeppel bought 216 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the acquisition, the director directly owned 19,481 shares in the company, valued at approximately $3,623,466. This represents a 1.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Larry C. Glasscock purchased 363 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, with a total value 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. This trade represents a 0.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 2,192 shares of company stock valued at $407,712 over the last quarter. Company insiders own 8.60% of the company’s stock.

Simon Property Group Price Performance

Shares of SPG opened at $196.86 on Tuesday. The business has a 50-day moving average of $187.31 and a 200-day moving average of $181.99. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 1.44. The company has a market capitalization of $64.27 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 7.23 and a beta of 1.39. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $201.40.

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

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group declared that its board has initiated a share repurchase program on Thursday, February 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.