Korea Investment CORP Reduces Position in Simon Property Group, Inc. $SPG

Key Points

• Korea Investment CORP cut its stake in Simon Property Group by 20.8% in Q3, selling 43,043 shares and holding 164,245 shares worth about $30.8 million (≈0.05% of SPG) at quarter-end.
• Simon Property Group's board approved a $2.00 billion share repurchase (up to ~3.1% of shares) and declared a quarterly dividend of $2.20 per share (annualized yield ~4.6%), payable March 31 with an ex-dividend date of March 10.
• The REIT reported a slight earnings beat (Q: $3.49 EPS vs $3.47 est.) and stronger-than-expected revenue of $1.79 billion, and issued FY2026 EPS guidance of 13.00–13.25 (analysts' average: 12.54).

Korea Investment CORP decreased its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 20.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 164,245 shares of the real estate investment trust's stock after selling 43,043 shares during the period. Korea Investment CORP owned approximately 0.05% of Simon Property Group worth $30,824,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SPG. Brighton Jones LLC purchased a new stake in Simon Property Group in the 4th quarter valued at $295,000. Moors & Cabot Inc. boosted its position in shares of Simon Property Group by 9.3% during the 2nd quarter. Moors & Cabot Inc. now owns 1,350 shares of the real estate investment trust's stock valued at $217,000 after acquiring an additional 115 shares during the last quarter. Modera Wealth Management LLC grew its holdings in shares of Simon Property Group by 7.3% in the second quarter. Modera Wealth Management LLC now owns 2,478 shares of the real estate investment trust's stock valued at $398,000 after purchasing an additional 168 shares during the period. Savant Capital LLC increased its position in Simon Property Group by 96.8% during the second quarter. Savant Capital LLC now owns 9,077 shares of the real estate investment trust's stock worth $1,459,000 after purchasing an additional 4,464 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in Simon Property Group by 5.0% during the second quarter. Wedbush Securities Inc. now owns 4,791 shares of the real estate investment trust's stock worth $770,000 after purchasing an additional 226 shares during the period. 93.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gary M. Rodkin purchased 226 shares of the firm's stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the purchase, the director directly owned 19,455 shares of the company's stock, valued at $3,618,630. The trade was a 1.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Reuben S. Leibowitz acquired 480 shares of the company's stock in a transaction on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, for a total transaction of $89,280.00. Following the completion of the transaction, the director owned 53,639 shares in the company, valued at approximately $9,976,854. The trade was a 0.90% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 2,192 shares of company stock valued at $407,712. 8.60% of the stock is owned by corporate insiders.

Simon Property Group Stock Performance

Shares of SPG stock opened at $192.76 on Tuesday. The firm has a 50 day moving average of $191.98 and a two-hundred day moving average of $185.28. The stock has a market capitalization of $62.64 billion, a PE ratio of 13.59, a P/E/G ratio of 6.42 and a beta of 1.35. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $205.12.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the firm earned $3.68 earnings per share. The company's revenue for the quarter 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. On average, research analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group declared that its board has approved a stock repurchase plan on Thursday, February 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, March 10th. Simon Property Group's dividend payout ratio is presently 62.06%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPG. Weiss Ratings reissued a "buy (b)" rating on shares of Simon Property Group in a research note on Friday, January 9th. Citigroup increased their price objective on Simon Property Group from $185.00 to $189.00 and gave the stock a "neutral" rating in a research report on Thursday, February 5th. 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 report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a "hold" rating to a "buy" rating and set a $205.00 price target for the company in a report on Tuesday, January 20th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $230.00 target price (up from $225.00) on shares of Simon Property Group in a research 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $199.36.

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.

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