Hudson Bay Capital Management LP Trims Stock Holdings in Simon Property Group, Inc. $SPG

Hudson Bay Capital Management LP reduced its position in Simon Property Group, Inc. (NYSE:SPG) by 60.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,000 shares of the real estate investment trust’s stock after selling 60,443 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Simon Property Group were worth $7,507,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in Simon Property Group during the 2nd quarter worth $1,051,262,000. Wellington Management Group LLP grew its position in Simon Property Group by 634.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock worth $1,383,145,000 after purchasing an additional 6,366,711 shares during the last quarter. Capital World Investors increased its stake in Simon Property Group by 45.0% in the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock valued at $1,573,450,000 after purchasing an additional 2,600,508 shares during the period. JPMorgan Chase & Co. increased its stake in Simon Property Group by 34.2% in the second quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock valued at $1,046,943,000 after purchasing an additional 1,660,188 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Simon Property Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after buying an additional 844,190 shares during the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Price Performance

Shares of SPG opened at $184.49 on Friday. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $205.12. The stock’s 50 day moving average is $192.72 and its two-hundred day moving average is $185.84. The firm has a market capitalization of $59.95 billion, a PE ratio of 13.01, a P/E/G ratio of 6.30 and a beta of 1.36. 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 (NYSE:SPG) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping 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%.The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group declared that its Board of Directors has authorized a stock repurchase program 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 repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $2.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.8%. Simon Property Group’s dividend payout ratio is presently 62.06%.

Insider Buying and Selling

In other Simon Property Group news, Director Stefan M. Selig bought 201 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, with a total value of $37,386.00. Following the completion of the acquisition, the director owned 32,277 shares in the company, valued at $6,003,522. The trade was a 0.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Glyn Aeppel bought 216 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the transaction, the director directly owned 19,481 shares in the company, valued at approximately $3,623,466. This represents a 1.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 2,192 shares of company stock valued at $407,712 in the last quarter. Corporate insiders own 8.66% of the company’s stock.

Wall Street Analyst Weigh In

SPG has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Tuesday, January 20th. Scotiabank upped their price objective on Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Truist Financial increased their price objective on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. UBS Group lifted their target price on Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, Stifel Nicolaus boosted their target price on Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $199.36.

About Simon Property Group

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.