Simon Property Group, Inc. $SPG Shares Sold by Schroder Investment Management Group

Key Points

• Schroder Investment Management cut its stake in Simon Property Group by 7.3% in Q3, selling 76,691 shares and reducing its holding to 973,895 shares (about 0.30% of the company) valued at roughly $182.8 million.
• Simon declared a quarterly dividend of $2.20 per share (ex-dividend March 10, payable March 31), implying an annualized yield of 4.6%, and its board authorized a $2.0 billion share repurchase plan (up to ~3.1% of shares outstanding).
• The REIT slightly beat Q results with $3.49 EPS (vs. $3.47 consensus) and $1.79B revenue (up 13.2% YoY), and set FY2026 guidance of $13.00–$13.25 EPS.

Schroder Investment Management Group reduced its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 7.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 973,895 shares of the real estate investment trust's stock after selling 76,691 shares during the period. Schroder Investment Management Group owned approximately 0.30% of Simon Property Group worth $182,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Private Advisor Group LLC lifted its stake in Simon Property Group by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 33,974 shares of the real estate investment trust's stock worth $6,376,000 after purchasing an additional 240 shares in the last quarter. Skyline Advisors Inc. acquired a new position in shares of Simon Property Group during the 3rd quarter worth approximately $209,000. Pinnacle Associates Ltd. grew its position in shares of Simon Property Group by 17.4% in the third quarter. Pinnacle Associates Ltd. now owns 6,258 shares of the real estate investment trust's stock valued at $1,174,000 after purchasing an additional 928 shares in the last quarter. Vinva Investment Management Ltd grew its position in shares of Simon Property Group by 31.0% in the third quarter. Vinva Investment Management Ltd now owns 24,919 shares of the real estate investment trust's stock valued at $4,631,000 after purchasing an additional 5,896 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Simon Property Group by 2.0% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,362 shares of the real estate investment trust's stock valued at $819,000 after purchasing an additional 84 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Trading Down 1.1%

NYSE SPG opened at $192.76 on Tuesday. The firm has a 50 day simple moving average of $191.98 and a 200-day simple moving average of $185.28. 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 one year low of $136.34 and a one year high of $205.12. The firm has a market cap of $62.64 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 6.42 and a beta of 1.35.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.02. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $2.20 per share. 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 4.6%. Simon Property Group's dividend payout ratio is currently 62.06%.

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

Analysts Set New Price Targets

A number of brokerages recently commented on SPG. Citigroup lifted 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. Stifel Nicolaus upped their target price on Simon Property Group from $184.00 to $185.00 and gave the company a "hold" rating in a report on Tuesday, February 3rd. Mizuho set a $192.00 price target on Simon Property Group in a report on Friday, January 9th. Piper Sandler reissued an "overweight" rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Finally, UBS Group upped their price objective on shares of Simon Property Group from $180.00 to $189.00 and gave the company a "neutral" rating in a report on Thursday, January 8th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Simon Property Group currently has an average rating of "Hold" and a consensus target price of $199.36.

Insider Buying and Selling at Simon Property Group

In related news, Director Glyn Aeppel acquired 216 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 $40,176.00. Following the completion of the purchase, the director owned 19,481 shares in the company, valued at approximately $3,623,466. The trade was a 1.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reuben S. Leibowitz bought 480 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, with a total value of $89,280.00. Following the completion of the acquisition, the director owned 53,639 shares of the company's stock, valued at $9,976,854. This trade represents a 0.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 2,192 shares of company stock valued at $407,712. Insiders own 8.60% of the company's stock.

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.

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.