Focused Alpha LLC Makes New Investment in Simon Property Group, Inc. $SPG

Focused Alpha LLC bought a new stake in Simon Property Group, Inc. (NYSE:SPG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,586 shares of the real estate investment trust’s stock, valued at approximately $519,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake in Simon Property Group by 1.2% during the 2nd quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after buying an additional 455,543 shares during the period. Wellington Management Group LLP boosted its position in Simon Property Group by 2.7% in the 2nd quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock valued at $2,100,146,000 after buying an additional 242,709 shares during the last quarter. Bank of America Corp DE boosted its position in Simon Property Group by 6.1% in the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock valued at $1,586,089,000 after buying an additional 491,519 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Simon Property Group by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust’s stock valued at $859,209,000 after buying an additional 105,524 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Simon Property Group by 13,579.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock valued at $806,167,000 after acquiring an additional 3,578,240 shares in the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $202.49 on Tuesday. The firm has a market cap of $65.52 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 3.17 and a beta of 1.30. The firm’s 50-day simple moving average is $208.62 and its 200-day simple moving average is $210.83. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities analysts forecast that Simon Property Group, Inc. will post 13.23 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Wednesday, September 9th. Simon Property Group’s dividend payout ratio is currently 63.47%.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Marta R. Stewart bought 199 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were bought at an average cost of $202.78 per share, with a total value of $40,353.22. Following the completion of the acquisition, the director owned 18,199 shares of the company’s stock, valued at approximately $3,690,393.22. This trade represents a 1.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary M. Rodkin purchased 232 shares of Simon Property Group stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average price of $202.78 per share, for a total transaction of $47,044.96. Following the completion of the transaction, the director owned 21,248 shares in the company, valued at approximately $4,308,669.44. The trade was a 1.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 1,668 shares of company stock worth $338,237. 8.73% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings lowered Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft downgraded Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a report on Thursday, July 9th. Stifel Nicolaus raised their price objective on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. Citigroup lifted their price objective on Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Finally, LADENBURG THALM/SH SH upped their target price on Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and an average target price of $224.07.

About Simon Property Group

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.