NEOS Investment Management LLC Boosts Holdings in Simon Property Group, Inc. $SPG

NEOS Investment Management LLC boosted its stake in Simon Property Group, Inc. (NYSE:SPG) by 79.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,823 shares of the real estate investment trust’s stock after acquiring an additional 31,869 shares during the period. NEOS Investment Management LLC’s holdings in Simon Property Group were worth $13,479,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Wealth Asset Management LLC grew its stake in shares of Simon Property Group by 0.5% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 13,768 shares of the real estate investment trust’s stock valued at $2,213,000 after purchasing an additional 66 shares during the last quarter. Howard Capital Management Inc. increased its stake in Simon Property Group by 3.1% in the 3rd quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 66 shares during the period. Wealth Alliance LLC increased its stake in Simon Property Group by 1.9% in the 2nd 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 period. SageView Advisory Group LLC lifted its stake 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 worth $344,000 after acquiring an additional 71 shares during the period. Finally, William Allan Corp boosted its holdings in shares of Simon Property Group by 2.8% in the third quarter. William Allan Corp now owns 2,744 shares of the real estate investment trust’s stock valued at $515,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPG. Evercore increased their target price on Simon Property Group from $188.00 to $198.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 3rd. Truist Financial raised their price objective on Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Barclays reaffirmed a “positive” rating and issued a $188.00 price target on shares of Simon Property Group in a report on Tuesday, January 13th. JPMorgan Chase & Co. increased their target price on Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Finally, UBS Group boosted their price target on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Simon Property Group has a consensus rating of “Hold” and an average price target of $197.93.

Simon Property Group Stock Performance

Simon Property Group stock opened at $201.99 on Wednesday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 1.44. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $202.09. The stock’s 50-day moving average is $187.72 and its 200-day moving average is $182.28. The company has a market cap of $65.94 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 7.23 and a beta of 1.39.

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 (EPS) for the quarter, topping 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 company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business earned $3.68 earnings per share. The business’s quarterly 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. Equities analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors 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 4.4%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

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

Insider Activity

In other Simon Property Group news, Director Glyn Aeppel acquired 216 shares of the stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the purchase, the director directly owned 19,481 shares in the company, valued at $3,623,466. This trade represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel C. Smith bought 347 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, for a total transaction of $64,542.00. Following the completion of the transaction, the director owned 32,680 shares in the company, valued at $6,078,480. This represents a 1.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 2,192 shares of company stock worth $407,712 in the last ninety days. 8.66% of the stock is currently owned by company insiders.

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.