Vise Technologies Inc. Purchases 3,861 Shares of Simon Property Group, Inc. $SPG

Vise Technologies Inc. boosted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 35.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,841 shares of the real estate investment trust’s stock after buying an additional 3,861 shares during the period. Vise Technologies Inc.’s holdings in Simon Property Group were worth $2,980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPG. PFG Investments LLC increased its stake in Simon Property Group by 2.2% in the first quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 50 shares during the period. Argyle Capital Partners LLC boosted its holdings in Simon Property Group by 4.5% during the third quarter. Argyle Capital Partners LLC now owns 1,157 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 50 shares in the last quarter. Marest Capital LLC grew its stake in shares of Simon Property Group by 3.0% in the 3rd quarter. Marest Capital LLC now owns 1,737 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 51 shares during the period. WPG Advisers LLC raised its holdings in shares of Simon Property Group by 40.3% in the 2nd quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 52 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its position in shares of Simon Property Group by 5.4% during the 1st quarter. Centaurus Financial Inc. now owns 1,089 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 56 shares during the period. Institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

SPG has been the topic of a number of analyst reports. Stifel Nicolaus upped their price target on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research report on Tuesday, August 11th. Evercore upped their target price on shares of Simon Property Group from $213.00 to $216.00 in a report on Wednesday, October 28th. Truist Financial assumed coverage on shares of Simon Property Group in a research report on Friday, October 2nd. They issued a “hold” rating and a $215.00 price target on the stock. Mizuho upped their price objective on shares of Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Finally, Weiss Ratings lowered shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Nine investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, Simon Property Group has a consensus rating of “Hold” and a consensus price target of $228.67.

Simon Property Group Stock Up 2.8%

Shares of NYSE:SPG opened at $228.21 on Thursday. Simon Property Group, Inc. has a 12 month low of $177.88 and a 12 month high of $238.50. The company’s 50-day moving average price is $207.49 and its two-hundred day moving average price is $206.33. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The firm has a market cap of $73.84 billion, a P/E ratio of 16.09, a P/E/G ratio of 3.42 and a beta of 1.27.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm posted $1.70 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, research analysts forecast that Simon Property Group, Inc. will post 13.24 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $9.00 annualized dividend and a yield of 3.9%. Simon Property Group’s dividend payout ratio is currently 63.47%.

Insider Transactions at Simon Property Group

In other news, Director Daniel Smith bought 350 shares of the stock in a transaction dated Wednesday, September 30th. The stock was bought at an average cost of $202.78 per share, with a total value of $70,973.00. Following the purchase, the director owned 34,830 shares of the company’s stock, valued at approximately $7,062,827.40. This represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary Rodkin bought 232 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average price of $202.78 per share, with a total value of $47,044.96. Following the transaction, the director owned 21,248 shares of the company’s stock, valued at $4,308,669.44. The trade was a 1.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 1,668 shares of company stock worth $338,237. Corporate insiders own 8.73% of the company’s stock.

About Simon Property Group

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.