Simon Property Group, Inc. $SPG Stock Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC reduced its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 32.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,000 shares of the real estate investment trust’s stock after selling 2,400 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Simon Property Group were worth $1,004,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SPG. BlackRock Inc. grew its holdings in shares of Simon Property Group by 1.2% during the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock valued at $8,335,255,000 after buying an additional 455,543 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Simon Property Group by 2.7% in the 2nd quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock valued at $2,100,146,000 after acquiring an additional 242,709 shares during the period. Bank of America Corp DE raised its stake in Simon Property Group by 6.1% in the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after acquiring an additional 491,519 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Simon Property Group by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust’s stock worth $859,209,000 after acquiring an additional 105,524 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Simon Property Group by 13,579.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock worth $806,167,000 after acquiring an additional 3,578,240 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Reuben Leibowitz purchased 480 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was bought at an average cost of $202.78 per share, with a total value of $97,334.40. Following the completion of the acquisition, the director owned 56,277 shares of the company’s stock, valued at $11,411,850.06. The trade was a 0.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marta Stewart acquired 199 shares of the stock in a transaction on Wednesday, September 30th. The stock was bought at an average price of $202.78 per share, for a total transaction of $40,353.22. Following the transaction, the director owned 18,199 shares in the company, valued at approximately $3,690,393.22. This represents a 1.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 1,668 shares of company stock valued at $338,237 in the last three months. 8.73% of the stock is currently owned by company insiders.

Simon Property Group Stock Up 0.1%

NYSE:SPG opened at $234.81 on Thursday. The firm has a market capitalization of $75.97 billion, a P/E ratio of 16.94, a PEG ratio of 3.58 and a beta of 1.27. Simon Property Group, Inc. has a 1-year low of $177.88 and a 1-year high of $238.50. The company’s fifty day moving average price is $209.26 and its 200-day moving average price is $207.50. The company has a debt-to-equity ratio of 5.57, a current ratio of 0.74 and a quick ratio of 1.05.

Simon Property Group (NYSE:SPG) last issued its earnings results on Thursday, November 5th. The real estate investment trust reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $1.68. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Simon Property Group had a net margin of 63.08% and a return on equity of 78.14%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.22 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.300-13.400 EPS. As a group, equities research analysts anticipate that Simon Property Group, Inc. will post 13.35 EPS for the current year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be paid a $2.30 dividend. The ex-dividend date is Thursday, December 10th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 3.9%. Simon Property Group’s dividend payout ratio (DPR) is currently 64.94%.

Analyst Ratings Changes

A number of analysts have commented on SPG shares. Piper Sandler lowered their price target on Simon Property Group from $285.00 to $254.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Truist Financial started coverage on Simon Property Group in a report on Friday, October 2nd. They issued a “hold” rating and a $215.00 price objective on the stock. Barclays cut their price objective on Simon Property Group from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, September 28th. Scotiabank reduced their price objective on Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. Finally, UBS Group lifted their target price on Simon Property Group from $205.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $230.10.

Simon Property Group Profile

Simon Property Group is a real estate investment trust that owns, develops and manages shopping, dining and entertainment destinations. Its portfolio includes regional malls, premium outlet centers and mixed-use properties, which combine retail with other uses such as restaurants and entertainment. The company’s properties are located primarily in the United States, with additional investments and operations in international markets, including Europe and Asia. Its business activities include leasing space to retailers and other tenants, operating properties and investing in redevelopment and expansion projects.