Simon Property Group, Inc. $SPG Shares Purchased by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 7.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 958,127 shares of the real estate investment trust’s stock after purchasing an additional 63,400 shares during the quarter. Swiss National Bank’s holdings in Simon Property Group were worth $178,719,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SPG. Vanguard Group Inc. boosted its stake in shares of Simon Property Group by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock valued at $8,694,610,000 after buying an additional 286,464 shares during the last quarter. State Street Corp increased its stake in shares of Simon Property Group by 1.5% in the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock worth $4,084,730,000 after buying an additional 312,995 shares during the last quarter. Geode Capital Management LLC raised its holdings in Simon Property Group by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock valued at $1,950,967,000 after acquiring an additional 363,337 shares in the last quarter. Capital World Investors raised its holdings in Simon Property Group by 2.7% in the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock valued at $1,593,872,000 after acquiring an additional 226,271 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Simon Property Group by 7.7% during the 4th quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock valued at $1,469,748,000 after acquiring an additional 569,772 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Performance

Simon Property Group stock opened at $228.47 on Monday. The company has a market cap of $74.09 billion, a PE ratio of 15.88, a P/E/G ratio of 2.95 and a beta of 1.29. The company has a fifty day moving average price of $213.40 and a two-hundred day moving average price of $200.24. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. Simon Property Group, Inc. has a 12 month low of $159.70 and a 12 month high of $231.53.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company earned $2.95 earnings per share. The firm’s revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Research analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 3.9%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date was Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wolfe Research lowered shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Scotiabank increased their price target on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft downgraded Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research note on Thursday, July 9th. Finally, Citigroup boosted their price objective on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $212.21.

Insider Transactions at Simon Property Group

In related news, Director Glyn Aeppel bought 243 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the purchase, the director directly owned 21,067 shares in the company, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary M. Rodkin bought 256 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.34 per share, with a total value of $57,175.04. Following the completion of the acquisition, the director directly owned 21,016 shares of the company’s stock, valued at approximately $4,693,713.44. The trade was a 1.23% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 2,387 shares of company stock valued at $533,056 over the last ninety days. Insiders own 8.73% of the company’s stock.

Simon Property Group Company 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.