Simon Property Group, Inc. $SPG Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors increased its stake in Simon Property Group by 12.9% in Q3 to 222,069 shares (about $41.7M), while institutional investors collectively own roughly 93.01% of the company.
• Company insiders purchased a total of 2,192 shares in the past three months (including directors Glyn Aeppel and Reuben Leibowitz), bringing insider ownership to about 8.6%.
• The board approved a $2.00 billion buyback (up to 3.1% of shares) and declared a quarterly dividend of $2.20 per share (annualized $8.80, ~4.6% yield; ex-dividend March 10).

Natixis Advisors LLC boosted its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 12.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 222,069 shares of the real estate investment trust's stock after purchasing an additional 25,427 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Simon Property Group worth $41,676,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, Director Glyn Aeppel acquired 216 shares of the company's stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, with a total value of $40,176.00. Following the purchase, the director directly owned 19,481 shares of the company's stock, valued at $3,623,466. This trade represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Reuben S. Leibowitz bought 480 shares of the business's stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $89,280.00. Following the completion of the acquisition, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This represents a 0.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 2,192 shares of company stock valued at $407,712 in the last three months. 8.60% of the stock is currently owned by company insiders.

Simon Property Group Price Performance

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

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.02. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The company's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group announced that its board has approved a stock buyback plan on Thursday, February 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 4.6%. The ex-dividend date is Tuesday, March 10th. Simon Property Group's dividend payout ratio (DPR) is currently 62.06%.

Analyst Ratings Changes

SPG has been the topic of several research analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Simon Property Group in a research note on Friday, January 9th. Morgan Stanley set a $205.00 price objective on Simon Property Group in a research note on Friday, January 16th. UBS Group lifted their target price on Simon Property Group from $180.00 to $189.00 and gave the stock a "neutral" rating in a report on Thursday, January 8th. JPMorgan Chase & Co. upped their target price on Simon Property Group from $198.00 to $210.00 and gave the company a "neutral" rating in a research report on Friday, February 6th. Finally, Evercore increased their price target on shares of Simon Property Group from $188.00 to $198.00 and gave the stock an "in-line" rating in a report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average 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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