McGinn Penninger Investment Management Inc. Has $4.25 Million Holdings in Simon Property Group, Inc. $SPG

Key Points

• McGinn Penninger cut its stake in Simon Property Group by 24.9% to 22,624 shares valued at $4.246 million, making SPG its 19th largest holding (~2.5% of the fund).
• Simon announced a $2.20 quarterly dividend (annualized $8.80, ~4.7% yield) and a $2.0 billion share buyback (up to ~3.1% of shares), while reporting a slight quarterly EPS beat and revenue growth of 13.2% with FY2026 EPS guidance of 13.00–13.25.
• Institutional ownership is very high at 93.01%; several large funds increased positions during the quarter and insiders bought 2,192 shares recently (insider ownership ~8.66%).

McGinn Penninger Investment Management Inc. cut its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 24.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,624 shares of the real estate investment trust's stock after selling 7,501 shares during the period. Simon Property Group comprises approximately 2.5% of McGinn Penninger Investment Management Inc.'s holdings, making the stock its 19th largest holding. McGinn Penninger Investment Management Inc.'s holdings in Simon Property Group were worth $4,246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Federated Hermes Inc. grew its holdings in Simon Property Group by 68.8% during the 2nd quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust's stock worth $20,081,000 after acquiring an additional 50,932 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Simon Property Group by 15.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust's stock valued at $12,521,000 after acquiring an additional 8,965 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Simon Property Group in the third quarter worth about $3,598,000. National Pension Service raised its stake in shares of Simon Property Group by 3.2% in the third quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust's stock worth $202,743,000 after acquiring an additional 33,758 shares during the last quarter. Finally, Aew Capital Management L P lifted its position in shares of Simon Property Group by 90.9% during the third quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust's stock worth $99,494,000 after purchasing an additional 252,510 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Down 0.4%

Shares of NYSE:SPG opened at $186.78 on Friday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $60.69 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 6.18 and a beta of 1.36. The company has a 50 day moving average of $192.26 and a 200-day moving average of $185.50. Simon Property Group, Inc. has a one year low of $136.34 and a one year 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 for the quarter, beating 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $3.68 earnings per share. Simon Property Group's 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. On average, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $2.20 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.7%. Simon Property Group's dividend payout ratio is 62.06%.

Simon Property Group declared that its board has initiated a stock buyback program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

SPG has been the topic of several research analyst reports. Barclays increased their price target on shares of Simon Property Group from $188.00 to $193.00 and gave the company an "equal weight" rating in a research note on Monday, March 2nd. Mizuho set a $192.00 price objective on Simon Property Group in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a research report on Tuesday, January 20th. Stifel Nicolaus lifted their target price on Simon Property Group from $184.00 to $185.00 and gave the company a "hold" rating in a research note on Tuesday, February 3rd. Finally, Truist Financial boosted their target price on Simon Property Group from $181.00 to $196.00 and gave the stock a "hold" rating in a research report on Monday, March 2nd. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $199.36.

Insider Buying and Selling

In related news, Director Gary M. Rodkin purchased 226 shares of Simon Property Group stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the transaction, the director directly owned 19,455 shares of the company's stock, valued at approximately $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel C. Smith acquired 347 shares of the firm's stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, with a total value of $64,542.00. Following the completion of the purchase, the director owned 32,680 shares of the company's stock, valued at $6,078,480. This trade represents a 1.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 2,192 shares of company stock worth $407,712 over the last 90 days. 8.66% of the stock is currently owned by corporate 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.

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