RWA Wealth Partners LLC Has $5.14 Million Position in Simon Property Group, Inc. $SPG

RWA Wealth Partners LLC cut its position in Simon Property Group, Inc. (NYSE:SPG) by 55.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,396 shares of the real estate investment trust’s stock after selling 34,377 shares during the quarter. RWA Wealth Partners LLC’s holdings in Simon Property Group were worth $5,141,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SPG. VSM Wealth Advisory LLC acquired a new position in Simon Property Group during the second quarter valued at approximately $30,000. Silicon Valley Capital Partners acquired a new stake in shares of Simon Property Group in the 2nd quarter valued at $30,000. Bell Investment Advisors Inc increased its stake in shares of Simon Property Group by 205.6% in the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 146 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Simon Property Group during the 3rd quarter worth $39,000. Finally, Atlantic Union Bankshares Corp lifted its position in shares of Simon Property Group by 143.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 123 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SPG. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Stifel Nicolaus raised their price target on shares of Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research note on Tuesday, February 3rd. Evercore lifted their price target on shares of Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a report on Tuesday, February 3rd. Barclays reiterated a “positive” rating and set a $188.00 price objective on shares of Simon Property Group in a research report on Tuesday, January 13th. Finally, Mizuho set a $192.00 target price on shares of Simon Property Group in a research report on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and an average price target of $197.93.

Simon Property Group Price Performance

SPG stock opened at $201.14 on Thursday. The company has a market capitalization of $65.67 billion, a P/E ratio of 14.18, a PEG ratio of 6.57 and a beta of 1.39. The company has a fifty day moving average price of $189.83 and a 200-day moving average price of $183.59. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.44 and a current ratio of 0.90. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $203.60.

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

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.4%. 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 of Directors has approved a stock repurchase program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Larry C. Glasscock purchased 363 shares of the stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $67,518.00. Following the acquisition, the director owned 43,899 shares in the company, valued at $8,165,214. This trade represents a 0.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel C. Smith purchased 347 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $64,542.00. Following the transaction, the director directly owned 32,680 shares in the company, valued at approximately $6,078,480. This trade represents a 1.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 2,192 shares of company stock valued at $407,712 over the last 90 days. 8.66% of the stock is currently owned by corporate 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.