2,807 Shares in Simon Property Group, Inc. $SPG Purchased by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,807 shares of the real estate investment trust’s stock, valued at approximately $527,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SPG. Brighton Jones LLC bought a new position in shares of Simon Property Group during the 4th quarter valued at about $295,000. AlphaQuest LLC increased its stake in shares of Simon Property Group by 1,432.3% during the 2nd quarter. AlphaQuest LLC now owns 3,555 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 3,323 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its stake in shares of Simon Property Group by 9.4% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 1,858 shares of the real estate investment trust’s stock valued at $299,000 after acquiring an additional 159 shares in the last quarter. Wealthfront Advisers LLC lifted its position in Simon Property Group by 10.8% during the 2nd quarter. Wealthfront Advisers LLC now owns 65,912 shares of the real estate investment trust’s stock worth $10,596,000 after acquiring an additional 6,437 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Simon Property Group by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 348,259 shares of the real estate investment trust’s stock worth $55,986,000 after buying an additional 29,456 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPG has been the topic of a number of analyst reports. Mizuho set a $192.00 price target on Simon Property Group in a research report on Friday, January 9th. Piper Sandler reissued an “overweight” rating and issued a $230.00 target price (up previously from $225.00) on shares of Simon Property Group in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, UBS Group increased their target price on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Six investment 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 a consensus price target of $197.93.

Simon Property Group Stock Down 0.8%

SPG stock opened at $200.14 on Tuesday. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $203.60. 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 business’s fifty day moving average price is $189.15 and its two-hundred day moving average price is $183.23. The stock has a market capitalization of $65.34 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 6.65 and a beta of 1.39.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share 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 firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm earned $3.68 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, equities analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $2.20 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.4%. Simon Property Group’s payout ratio is currently 62.06%.

Simon Property Group declared that its board has initiated a stock repurchase plan on Thursday, February 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Simon Property Group

In related news, Director Glyn Aeppel bought 216 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $3,623,466. The trade was a 1.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Reuben S. Leibowitz purchased 480 shares of the stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, with a total value of $89,280.00. Following the acquisition, the director owned 53,639 shares in the company, valued at approximately $9,976,854. The trade was a 0.90% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 2,192 shares of company stock worth $407,712. 8.60% of the stock is currently owned by insiders.

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.