Meiji Yasuda Asset Management Co Ltd. Takes $834,000 Position in Simon Property Group, Inc. $SPG

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,728 shares of the real estate investment trust’s stock, valued at approximately $834,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Haverford Trust Co acquired a new stake in Simon Property Group in the second quarter valued at approximately $243,000. Bank of Nova Scotia bought a new position in shares of Simon Property Group in the 2nd quarter valued at $9,524,000. Elevation Point Wealth Partners LLC bought a new position in shares of Simon Property Group in the 2nd quarter valued at $2,272,000. Alta Advisers Ltd acquired a new stake in shares of Simon Property Group during the 2nd quarter valued at $287,000. Finally, Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Simon Property Group during the 2nd quarter valued at $3,444,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Weiss Ratings raised Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price target on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Finally, Wolfe Research downgraded shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $223.00.

Simon Property Group Stock Performance

NYSE:SPG opened at $218.92 on Wednesday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The company has a 50 day simple moving average of $223.25 and a two-hundred day simple moving average of $207.62. The company has a market capitalization of $70.83 billion, a PE ratio of 15.44, a P/E/G ratio of 2.75 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $1.70 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Research analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. Simon Property Group’s payout ratio is currently 63.47%.

Insiders Place Their Bets

In related news, Director Gary M. Rodkin acquired 256 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.34 per share, with a total value of $57,175.04. Following the transaction, the director directly owned 21,016 shares of the company’s stock, valued at $4,693,713.44. This trade represents a 1.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Marta R. Stewart acquired 182 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the transaction, the director directly owned 18,000 shares in the company, valued at approximately $4,016,880. This represents a 1.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by corporate insiders.

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.