Kingsview Wealth Management LLC Reduces Stock Holdings in Simon Property Group, Inc. $SPG

Kingsview Wealth Management LLC reduced its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,566 shares of the real estate investment trust’s stock after selling 3,379 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Simon Property Group were worth $7,801,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Silicon Valley Capital Partners bought a new stake in shares of Simon Property Group during the 2nd quarter valued at about $30,000. VSM Wealth Advisory LLC purchased a new stake in Simon Property Group in the second quarter worth about $30,000. Atlantic Union Bankshares Corp boosted its position in 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 valued at $39,000 after acquiring an additional 123 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Simon Property Group during the 3rd quarter worth approximately $39,000. Finally, City Holding Co. purchased a new position in shares of Simon Property Group during the 3rd quarter worth approximately $40,000. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $203.07 on Tuesday. The stock has a market cap of $66.30 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 6.73 and a beta of 1.35. The firm’s 50-day moving average is $190.89 and its 200 day moving average is $184.39. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $205.12. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90.

Simon Property Group (NYSE:SPG) last released 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 analyst estimates of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. Simon Property Group’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s payout ratio is presently 62.06%.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a research report on Monday. Stifel Nicolaus boosted their target price on shares of Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a report on Tuesday, February 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Scotiabank lifted their price target on shares of Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $199.36.

Insiders Place Their Bets

In other Simon Property Group news, Director Larry C. Glasscock purchased 363 shares of the firm’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 $67,518.00. Following the completion of the purchase, the director directly owned 43,899 shares of the company’s stock, valued at $8,165,214. This trade represents a 0.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Reuben S. Leibowitz purchased 480 shares of the stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, for a total transaction of $89,280.00. Following the completion of the acquisition, the director owned 53,639 shares of the company’s stock, valued at approximately $9,976,854. This represents a 0.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 2,192 shares of company stock worth $407,712 in the last three months. Corporate insiders own 8.60% of the company’s stock.

Simon Property Group 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.