Rakuten Investment Management Inc. Buys 5,050 Shares of Simon Property Group, Inc. $SPG

Rakuten Investment Management Inc. boosted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,122 shares of the real estate investment trust’s stock after purchasing an additional 5,050 shares during the period. Rakuten Investment Management Inc.’s holdings in Simon Property Group were worth $11,873,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Simon Property Group by 13,579.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock worth $806,167,000 after purchasing an additional 3,578,240 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Simon Property Group in the second quarter valued at $783,974,000. Canada Pension Plan Investment Board bought a new position in shares of Simon Property Group in the second quarter valued at $489,647,000. Caisse de depot et placement du Quebec bought a new position in shares of Simon Property Group in the second quarter valued at $143,948,000. Finally, Bank of America Corp DE increased its holdings in Simon Property Group by 6.1% during the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after buying an additional 491,519 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Up 2.8%

SPG stock opened at $228.21 on Thursday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $73.84 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 3.42 and a beta of 1.27. The business’s fifty day moving average price is $207.49 and its two-hundred day moving average price is $206.33. Simon Property Group, Inc. has a fifty-two week low of $177.88 and a fifty-two week high of $238.50.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities analysts anticipate that Simon Property Group, Inc. will post 13.24 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were paid a $2.25 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $9.00 annualized dividend and a yield of 3.9%. Simon Property Group’s payout ratio is 63.47%.

Analyst Ratings Changes

SPG has been the topic of several analyst reports. LADENBURG THALM/SH SH upped their price target on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Piper Sandler decreased their price objective on shares of Simon Property Group from $285.00 to $254.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Citigroup lifted their price objective on shares of Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. The Goldman Sachs Group lowered their price objective on shares of Simon Property Group from $242.00 to $228.00 in a research note on Wednesday, October 7th. Finally, Barclays dropped their target price on shares of Simon Property Group from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, September 28th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $228.67.

Insiders Place Their Bets

In other Simon Property Group news, Director Reuben S. Leibowitz bought 480 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price of $202.78 per share, for a total transaction of $97,334.40. Following the transaction, the director directly owned 56,277 shares in the company, valued at approximately $11,411,850.06. This trade represents a 0.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel C. Smith bought 350 shares of the stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average cost of $202.78 per share, for a total transaction of $70,973.00. Following the completion of the acquisition, the director directly owned 34,830 shares of the company’s stock, valued at approximately $7,062,827.40. This trade represents a 1.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 1,668 shares of company stock worth $338,237. 8.73% of the stock is currently owned by insiders.

Simon Property Group Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.