Simon Property Group, Inc. $SPG Shares Sold by Clough Capital Partners L P

Clough Capital Partners L P trimmed its holdings in Simon Property Group, Inc. (NYSE:SPG) by 64.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,800 shares of the real estate investment trust’s stock after selling 8,800 shares during the period. Clough Capital Partners L P’s holdings in Simon Property Group were worth $901,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Simon Property Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock worth $8,761,093,000 after purchasing an additional 844,190 shares in the last quarter. State Street Corp grew its position in shares of Simon Property Group by 1.1% in the second quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock valued at $3,448,703,000 after purchasing an additional 228,819 shares in the last quarter. Capital World Investors increased its holdings in shares of Simon Property Group by 45.0% in the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock valued at $1,573,450,000 after purchasing an additional 2,600,508 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Simon Property Group by 634.5% in the third quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock valued at $1,383,145,000 after purchasing an additional 6,366,711 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Simon Property Group during the 2nd quarter worth $1,051,262,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Tuesday, January 20th. Morgan Stanley set a $205.00 target price on shares of Simon Property Group in a report on Friday, January 16th. UBS Group increased their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, Citigroup raised their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $199.36.

Insider Activity at Simon Property Group

In other news, Director Daniel C. Smith bought 347 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, with a total value of $64,542.00. Following the transaction, the director directly owned 32,680 shares in the company, valued at $6,078,480. The trade was a 1.07% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glyn Aeppel purchased 216 shares of the business’s stock in a transaction 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 purchase, the director directly owned 19,481 shares of the company’s stock, valued at approximately $3,623,466. This trade represents a 1.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 2,192 shares of company stock worth $407,712 over the last ninety days. Company insiders own 8.66% of the company’s stock.

Simon Property Group Stock Down 0.4%

Shares of NYSE SPG opened at $186.78 on Friday. The firm has a market cap of $60.69 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 6.16 and a beta of 1.36. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $205.12. The business’s 50 day moving average is $192.26 and its two-hundred day moving average is $185.56.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $3.68 earnings per share. The company’s quarterly 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. Research analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

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 issued a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is 62.06%.

Simon Property Group announced that its board has initiated a share buyback 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 purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.