Modern Wealth Management LLC Cuts Stock Position in Simon Property Group, Inc. $SPG

Modern Wealth Management LLC trimmed its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 38.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,597 shares of the real estate investment trust’s stock after selling 12,019 shares during the quarter. Modern Wealth Management LLC’s holdings in Simon Property Group were worth $3,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPG. Colonial Trust Co SC grew its position in Simon Property Group by 25.7% during the 3rd quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 65 shares during the last quarter. Howard Capital Management Inc. lifted its stake in shares of Simon Property Group by 3.1% during the third quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 66 shares during the period. TIAA Trust National Association grew its holdings in shares of Simon Property Group by 3.9% during the third quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 67 shares during the last quarter. Wealth Alliance LLC grew its holdings in shares of Simon Property Group by 1.9% during the second quarter. Wealth Alliance LLC now owns 3,845 shares of the real estate investment trust’s stock valued at $618,000 after buying an additional 70 shares during the last quarter. Finally, SageView Advisory Group LLC increased its position in shares of Simon Property Group by 3.5% in the 2nd quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In related news, Director Gary M. Rodkin purchased 226 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the transaction, the director directly owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel C. Smith acquired 347 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $64,542.00. Following the transaction, the director owned 32,680 shares of the company’s stock, valued at $6,078,480. This represents a 1.07% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 2,192 shares of company stock worth $407,712. 8.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SPG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Tuesday, January 20th. Scotiabank lifted their target price on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Evercore upped their target price on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research report on Tuesday, February 3rd. Truist Financial raised their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Finally, Morgan Stanley set a $205.00 price objective on shares of Simon Property Group in a research note on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $199.36.

Simon Property Group Stock Performance

NYSE SPG opened at $194.72 on Friday. The stock has a market capitalization of $63.57 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 6.42 and a beta of 1.36. The stock has a 50-day moving average of $191.88 and a 200 day moving average of $185.06. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 4.42. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $205.12.

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 (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm posted $3.68 earnings per share. The company’s 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. Sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group announced that its board has approved a stock buyback plan on Thursday, February 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s payout ratio is currently 62.06%.

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.