M&G PLC Has $2.23 Million Stock Holdings in Simon Property Group, Inc. $SPG

M&G PLC grew its position in Simon Property Group, Inc. (NYSE:SPG) by 857.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,858 shares of the real estate investment trust’s stock after buying an additional 10,619 shares during the period. M&G PLC’s holdings in Simon Property Group were worth $2,229,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Simon Property Group in the second quarter worth about $1,051,262,000. JPMorgan Chase & Co. grew its position in shares of Simon Property Group by 34.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock valued at $1,046,943,000 after purchasing an additional 1,660,188 shares during the period. Vanguard Group Inc. increased its stake in Simon Property Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock worth $8,761,093,000 after purchasing an additional 844,190 shares in the last quarter. State Street Corp raised its holdings in Simon Property Group by 1.1% during the 2nd quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock worth $3,448,703,000 after buying an additional 228,819 shares during the period. Finally, Aviva PLC raised its holdings in Simon Property Group by 698.3% during the 2nd quarter. Aviva PLC now owns 243,931 shares of the real estate investment trust’s stock worth $39,214,000 after buying an additional 213,374 shares during the period. Institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Glyn Aeppel acquired 216 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, with a total value of $40,176.00. Following the completion of the transaction, the director directly 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 filing with the SEC, which is accessible through the SEC website. Also, Director Gary M. Rodkin bought 226 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, with a total value of $42,036.00. Following the acquisition, the director directly owned 19,455 shares in the company, valued at $3,618,630. This trade represents a 1.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 2,192 shares of company stock valued at $407,712. Insiders own 8.66% of the company’s stock.

Simon Property Group Price Performance

NYSE:SPG opened at $201.99 on Wednesday. The stock has a market capitalization of $65.94 billion, a PE ratio of 14.24, a P/E/G ratio of 7.23 and a beta of 1.39. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $202.09. The firm has a fifty day simple moving average of $187.72 and a 200 day simple moving average of $182.28. The company has a current ratio of 0.90, a quick ratio of 1.44 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, research analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group announced that its Board of Directors has initiated a share repurchase program on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Simon Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a $2.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.4%. Simon Property Group’s dividend payout ratio is currently 62.06%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SPG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. JPMorgan Chase & Co. increased their target price on Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. UBS Group boosted their price target on Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Citigroup upped their price objective 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. Finally, Mizuho set a $192.00 target price on Simon Property Group in a research report on Friday, January 9th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and an average target price of $197.93.

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.