Simon Property Group, Inc. $SPG Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 386.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,426 shares of the real estate investment trust’s stock after buying an additional 200,521 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Simon Property Group were worth $47,085,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC acquired a new position in Simon Property Group in the fourth quarter valued at $295,000. Marshall Wace LLP lifted its position in Simon Property Group by 316.2% during the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after buying an additional 15,033 shares during the period. Jump Financial LLC boosted its stake in Simon Property Group by 80.1% in the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock worth $2,714,000 after buying an additional 7,506 shares during the last quarter. Cerity Partners LLC boosted its stake in Simon Property Group by 1.7% in the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock worth $5,745,000 after buying an additional 598 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Simon Property Group by 13.4% in the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock valued at $4,573,000 after buying an additional 3,372 shares during the period. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on SPG. Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Thursday, July 9th. Stifel Nicolaus raised their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Barclays boosted their target price on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. upped their price target on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Finally, UBS Group increased their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $216.14.

Insider Buying and Selling

In related news, Director Marta R. Stewart bought 182 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the acquisition, the director owned 18,000 shares in the company, valued at $4,016,880. This represents a 1.02% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Glyn Aeppel purchased 243 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the transaction, the director directly owned 21,067 shares in the company, valued at $4,705,525.12. This represents a 1.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by insiders.

Simon Property Group Stock Performance

NYSE:SPG opened at $229.52 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 firm has a market capitalization of $74.43 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.97 and a beta of 1.29. The firm’s fifty day simple moving average is $215.92 and its 200 day simple moving average is $201.60. Simon Property Group, Inc. has a twelve month low of $159.70 and a twelve month high of $231.52.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company earned $2.95 EPS. The firm’s revenue was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, 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 given a $2.25 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a dividend yield of 3.9%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

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.