Simon Property Group, Inc. $SPG Stock Holdings Raised by Vestor Capital LLC

Key Points

• Vestor Capital sharply increased its SPG stake by 33,057.2% in the third quarter, ending with 62,004 shares valued at about $12.45 million. Institutional investors and hedge funds collectively own 93.01% of the stock.
• Simon Property Group reported quarterly EPS of $3.37, beating the $1.69 consensus estimate, while revenue of $1.81 billion exceeded expectations and rose 13.3% year over year.
• The REIT raised its quarterly dividend from $2.25 to $2.30 per share, equal to $9.20 annually and a 3.9% yield. Analysts’ consensus rating is “Hold,” with an average price target of $228.67.

Vestor Capital LLC grew its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 33,057.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,004 shares of the real estate investment trust's stock after acquiring an additional 61,817 shares during the quarter. Vestor Capital LLC's holdings in Simon Property Group were worth $12,448,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SPG. Ancora Advisors LLC purchased a new position in Simon Property Group during the 2nd quarter worth $27,000. Fulcrum Asset Management LLP acquired a new stake in shares of Simon Property Group during the third quarter worth about $27,000. Osbon Capital Management LLC purchased a new position in shares of Simon Property Group during the second quarter worth about $32,000. Fiduciary Financial Advisors purchased a new position in shares of Simon Property Group during the second quarter worth about $34,000. Finally, Dynamic Wealth Strategies LLC grew its holdings in shares of Simon Property Group by 195.8% during the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust's stock worth $39,000 after buying an additional 139 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Simon Property Group

In related news, Director Reuben Leibowitz purchased 480 shares of the company's stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average price of $202.78 per share, with a total value of $97,334.40. Following the completion of the transaction, the director owned 56,277 shares of the company's stock, valued at approximately $11,411,850.06. This trade represents a 0.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stefan Selig purchased 208 shares of the business's stock in a transaction on Wednesday, September 30th. The shares were bought at an average cost of $202.78 per share, for a total transaction of $42,178.24. Following the purchase, the director owned 34,020 shares of the company's stock, valued at $6,898,575.60. This trade represents a 0.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 1,668 shares of company stock valued at $338,237 in the last quarter. Insiders own 8.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SPG. LADENBURG THALM/SH SH increased their price objective on Simon Property Group from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Mizuho boosted their target price on Simon Property Group from $211.00 to $226.00 and gave the company a "neutral" rating in a report on Thursday, August 27th. Stifel Nicolaus upped their price target on Simon Property Group from $194.00 to $209.00 and gave the stock a "hold" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. decreased their price target on Simon Property Group from $231.00 to $223.00 and set a "neutral" rating for the company in a report on Thursday, September 10th. Finally, Evercore boosted their price objective on shares of Simon Property Group from $213.00 to $216.00 in a research note on Wednesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group has an average rating of "Hold" and an average target price of $228.67.

Simon Property Group Stock Performance

Simon Property Group stock opened at $233.11 on Tuesday. The firm has a market capitalization of $75.42 billion, a P/E ratio of 16.82, a PEG ratio of 3.52 and a beta of 1.27. The stock has a fifty day moving average price of $208.34 and a 200 day moving average price of $207.00. Simon Property Group, Inc. has a 52 week low of $177.88 and a 52 week high of $238.50. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $3.37 EPS for the quarter, beating the consensus estimate of $1.69 by $1.68. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter in the previous year, the business earned $3.22 EPS. The firm's revenue was up 13.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.300-13.400 EPS. Equities research analysts anticipate that Simon Property Group, Inc. will post 13.25 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be issued a $2.30 dividend. The ex-dividend date is Thursday, December 10th. This is a positive change from Simon Property Group's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 3.9%. Simon Property Group's payout ratio is presently 64.94%.

Simon Property Group Profile

Simon Property Group is a real estate investment trust that owns, develops and manages shopping, dining and entertainment destinations. Its portfolio includes regional malls, premium outlet centers and mixed-use properties, which combine retail with other uses such as restaurants and entertainment.

The company's properties are located primarily in the United States, with additional investments and operations in international markets, including Europe and Asia. Its business activities include leasing space to retailers and other tenants, operating properties and investing in redevelopment and expansion projects.

Simon Property Group was established in 1993, when it became a publicly traded company following a spin-off from Melvin Simon & Associates.

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