Swiss National Bank Sells 46,700 Shares of Simon Property Group, Inc. $SPG

Swiss National Bank decreased its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 4.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 940,927 shares of the real estate investment trust’s stock after selling 46,700 shares during the period. Swiss National Bank’s holdings in Simon Property Group were worth $176,584,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. boosted its holdings in shares of Simon Property Group by 68.8% during the 2nd quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock worth $20,081,000 after buying an additional 50,932 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Simon Property Group by 15.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust’s stock valued at $12,521,000 after buying an additional 8,965 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in Simon Property Group in the 3rd quarter worth $3,598,000. National Pension Service lifted its position in Simon Property Group by 3.2% during the 3rd quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock worth $202,743,000 after acquiring an additional 33,758 shares during the last quarter. Finally, Aew Capital Management L P lifted its position in Simon Property Group by 90.9% during the 3rd quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock worth $99,494,000 after acquiring an additional 252,510 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPG. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 price target (up from $225.00) on shares of Simon Property Group in a research report on Tuesday, February 3rd. Truist Financial boosted their price objective on Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Stifel Nicolaus increased their target price on Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Tuesday, January 20th. Finally, Citigroup lifted their price target 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. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and a consensus price target of $199.36.

Insider Activity at Simon Property Group

In other news, Director Glyn Aeppel acquired 216 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, with a total value of $40,176.00. Following the acquisition, the director owned 19,481 shares of the company’s stock, valued at $3,623,466. This trade represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary M. Rodkin bought 226 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, with a total value of $42,036.00. Following the completion of the purchase, the director directly owned 19,455 shares of the company’s stock, valued at $3,618,630. This represents a 1.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 2,192 shares of company stock worth $407,712 in the last three months. Company insiders own 8.60% of the company’s stock.

Simon Property Group Stock Performance

NYSE:SPG opened at $192.76 on Tuesday. The firm’s 50-day moving average is $191.98 and its 200-day moving average is $185.28. The company 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. 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 52-week low of $136.34 and a 52-week high of $205.12.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company earned $3.68 earnings per share. The firm’s 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. Equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $2.20 dividend. The ex-dividend date 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 (DPR) is currently 62.06%.

Simon Property Group declared that its board has approved a share repurchase program on Thursday, February 5th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.