Simon Property Group, Inc. $SPG Shares Sold by Factory Mutual Insurance Co.

Key Points

• Factory Mutual Insurance Co. trimmed its stake in Simon Property Group by 20.7%, selling 33,300 shares and leaving 127,292 shares valued at about $23.56 million, per its Q4 13F filing.
• Simon Property Group beat quarterly EPS estimates, set FY2026 guidance at 13.00–13.25 EPS, pays a quarterly $2.20 dividend (annualized yield ~4.4%), and initiated a $2.0 billion share buyback program (~3.1% of shares).
• About 93% of SPG is owned by institutions with large stakes held or recently increased by firms like Vanguard, Wellington and Capital World, while analysts have a consensus "Hold" rating and a $199.57 price target.

Factory Mutual Insurance Co. trimmed its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 20.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,292 shares of the real estate investment trust's stock after selling 33,300 shares during the period. Factory Mutual Insurance Co.'s holdings in Simon Property Group were worth $23,563,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SPG. Wellington Management Group LLP lifted its stake in Simon Property Group by 634.5% during the third quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust's stock worth $1,383,145,000 after purchasing an additional 6,366,711 shares in the last quarter. Capital World Investors raised its stake in shares of Simon Property Group by 45.0% in the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust's stock valued at $1,573,450,000 after acquiring an additional 2,600,508 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Simon Property Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust's stock valued at $8,761,093,000 after acquiring an additional 844,190 shares in the last quarter. Barclays PLC raised its stake in shares of Simon Property Group by 78.9% in the third quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust's stock valued at $207,158,000 after acquiring an additional 486,967 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Simon Property Group by 93.2% in the third quarter. AQR Capital Management LLC now owns 680,102 shares of the real estate investment trust's stock valued at $126,336,000 after acquiring an additional 328,116 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPG has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on Simon Property Group from $198.00 to $210.00 and gave the company a "neutral" rating in a research note on Friday, February 6th. 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 note on Tuesday, January 20th. Scotiabank increased their price objective on Simon Property Group from $189.00 to $192.00 and gave the company a "sector perform" rating in a research note on Tuesday, March 24th. Morgan Stanley set a $205.00 price objective on Simon Property Group in a research note on Friday, January 16th. Finally, Truist Financial increased their price objective on Simon Property Group from $181.00 to $196.00 and gave the company a "hold" rating in a research note on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $199.57.

Simon Property Group Stock Up 0.8%

Simon Property Group stock opened at $200.52 on Friday. Simon Property Group, Inc. has a 1-year low of $142.30 and a 1-year high of $205.12. 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 $65.16 billion, a PE ratio of 14.14, a P/E/G ratio of 6.56 and a beta of 1.37. The stock's fifty day moving average is $193.35 and its two-hundred day moving average is $186.48.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings results 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. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The company 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. Simon Property Group's quarterly revenue was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, sell-side analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were paid a $2.20 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.4%. Simon Property Group's dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group declared that its Board of Directors has initiated a stock repurchase program 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 reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

About Simon Property Group

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.

Want to see what other hedge funds are holding SPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simon Property Group, Inc. (NYSE:SPG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.