10,046 Simon Property Group, Inc. $SPG Shares Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Simon Property Group stake by 372.1%, purchasing 10,046 shares to bring its holdings to 12,746 shares valued at approximately $2.56 million.
• Institutional investors and hedge funds own 93.01% of SPG, while several other institutions also added to their positions during the third quarter.
• SPG shares recently traded at $221.94, and the company announced a quarterly dividend of $2.25, or $9.00 annualized, yielding about 4.1%. Analysts maintain a consensus “Hold” rating with a $224.07 target price.

International Assets Investment Management LLC raised its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 372.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 12,746 shares of the real estate investment trust's stock after buying an additional 10,046 shares during the period. International Assets Investment Management LLC's holdings in Simon Property Group were worth $2,559,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Everett Harris & Co. CA boosted its stake in Simon Property Group by 0.5% in the third quarter. Everett Harris & Co. CA now owns 38,755 shares of the real estate investment trust's stock valued at $7,780,000 after acquiring an additional 207 shares during the last quarter. Interchange Capital Partners LLC raised its position in shares of Simon Property Group by 4.6% during the 3rd quarter. Interchange Capital Partners LLC now owns 1,605 shares of the real estate investment trust's stock valued at $322,000 after acquiring an additional 71 shares during the last quarter. North Dakota State Investment Board raised its position in shares of Simon Property Group by 1.6% during the 3rd quarter. North Dakota State Investment Board now owns 9,789 shares of the real estate investment trust's stock valued at $1,965,000 after acquiring an additional 155 shares during the last quarter. Generali Asset Management SPA SGR raised its position in shares of Simon Property Group by 8.0% during the 3rd quarter. Generali Asset Management SPA SGR now owns 3,939 shares of the real estate investment trust's stock valued at $791,000 after acquiring an additional 292 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Simon Property Group by 2.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 616,182 shares of the real estate investment trust's stock valued at $123,705,000 after purchasing an additional 12,917 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Trading Up 1.9%

Shares of NYSE SPG opened at $221.94 on Tuesday. Simon Property Group, Inc. has a twelve month low of $173.80 and a twelve month high of $238.50. The stock has a market cap of $71.81 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 3.25 and a beta of 1.30. 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 company's fifty day moving average is $207.28 and its 200-day moving average is $205.91.

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

Simon Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, September 9th. Simon Property Group's payout ratio is presently 63.47%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPG. Citigroup raised their price target on Simon Property Group from $205.00 to $230.00 and gave the stock a "neutral" rating in a research report on Monday, August 17th. Evercore set a $216.00 price objective on Simon Property Group in a report on Monday, September 21st. UBS Group dropped their price objective on Simon Property Group from $222.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, October 9th. LADENBURG THALM/SH SH increased their target price on Simon Property Group from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Finally, Mizuho raised their target price on Simon Property Group from $211.00 to $226.00 and gave the stock a "neutral" rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $224.07.

Insider Buying and Selling

In other Simon Property Group news, Director Stefan M. Selig acquired 208 shares of the business's stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average price of $202.78 per share, for a total transaction of $42,178.24. Following the acquisition, the director directly owned 34,020 shares of the company's stock, valued at approximately $6,898,575.60. This trade represents a 0.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Reuben S. Leibowitz acquired 480 shares of the firm's stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average price of $202.78 per share, with a total value of $97,334.40. Following the completion of the transaction, the director directly owned 56,277 shares in the company, valued at $11,411,850.06. This trade represents a 0.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 1,668 shares of company stock valued at $338,237. 8.73% of the stock is owned by company insiders.

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.

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