Simon Property Group, Inc. $SPG Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 2.9% in the 1st quarter, HoldingsChannel reports. The fund owned 736,026 shares of the real estate investment trust’s stock after acquiring an additional 20,680 shares during the quarter. Sei Investments Co.’s holdings in Simon Property Group were worth $137,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Danske Bank A S lifted its position in Simon Property Group by 11.1% during the fourth quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock worth $35,901,000 after acquiring an additional 19,300 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Simon Property Group by 3.3% during the fourth quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock worth $700,452,000 after acquiring an additional 122,186 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Simon Property Group by 1,329.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock valued at $86,723,000 after purchasing an additional 435,721 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Simon Property Group by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock valued at $111,950,000 after purchasing an additional 20,477 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Simon Property Group during the fourth quarter worth approximately $1,112,111,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore set a $215.00 price target on Simon Property Group in a report on Tuesday, July 7th. Barclays upped their price objective on Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. UBS Group increased their price objective on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings raised shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $216.14.

Simon Property Group Stock Down 0.5%

NYSE SPG opened at $225.06 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The company has a market cap of $72.99 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 2.92 and a beta of 1.29. The company has a 50 day moving average of $215.33 and a 200-day moving average of $201.40. Simon Property Group, Inc. has a 1-year low of $159.70 and a 1-year high of $231.52.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business posted $2.95 earnings per share. The firm’s quarterly 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. On average, equities research analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a dividend of $2.25 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.0%. Simon Property Group’s payout ratio is currently 62.54%.

Insider Activity at Simon Property Group

In related news, Director Glyn Aeppel purchased 243 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the transaction, the director owned 21,067 shares of the company’s stock, valued at approximately $4,705,525.12. This trade represents a 1.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Larry C. Glasscock purchased 397 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $223.38 per share, with a total value of $88,681.86. Following the purchase, the director owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This represents a 0.87% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 2,387 shares of company stock worth $533,056 in the last quarter. 8.73% of the stock is currently owned by corporate insiders.

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.