Vinva Investment Management Ltd Boosts Stock Holdings in Simon Property Group, Inc. $SPG

Vinva Investment Management Ltd boosted its stake in Simon Property Group, Inc. (NYSE:SPG) by 31.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,919 shares of the real estate investment trust’s stock after purchasing an additional 5,896 shares during the quarter. Vinva Investment Management Ltd’s holdings in Simon Property Group were worth $4,631,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. VSM Wealth Advisory LLC purchased a new stake in shares of Simon Property Group in the second quarter worth about $30,000. Silicon Valley Capital Partners bought a new stake in Simon Property Group in the 2nd quarter worth approximately $30,000. Bell Investment Advisors Inc increased its stake in 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 worth $35,000 after acquiring an additional 146 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Simon Property Group during the 3rd quarter worth approximately $39,000. Finally, Atlantic Union Bankshares Corp raised its holdings 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 acquiring an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of Simon Property Group stock opened at $194.72 on Monday. The stock has a market cap of $63.27 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 6.42 and a beta of 1.35. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average price of $191.88 and a 200-day moving average price of $185.14. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $205.12.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.02. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Simon Property Group Dividend Announcement

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

Insider Activity

In other news, Director Reuben S. Leibowitz purchased 480 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $89,280.00. Following the purchase, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This trade represents a 0.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary M. Rodkin purchased 226 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the acquisition, the director directly owned 19,455 shares in the company, valued at $3,618,630. The trade was a 1.18% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 2,192 shares of company stock worth $407,712 in the last 90 days. Company insiders own 8.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SPG. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Stifel Nicolaus upped 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. JPMorgan Chase & Co. increased their price objective on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Citigroup lifted their price objective on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, Scotiabank upped their target price 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. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and an average target price of $199.36.

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.