9,990 Shares in Simon Property Group, Inc. $SPG Acquired by Mystic Asset Management Inc.

Mystic Asset Management Inc. bought a new stake in Simon Property Group, Inc. (NYSE:SPG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,990 shares of the real estate investment trust’s stock, valued at approximately $2,234,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Danske Bank A S raised its holdings in shares of 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 valued at $35,901,000 after purchasing an additional 19,300 shares during the period. Legal & General Group Plc increased its position in Simon Property Group by 3.3% in the 4th quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock valued at $700,452,000 after buying an additional 122,186 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Simon Property Group by 3.5% in the 4th 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 buying an additional 20,477 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Simon Property Group by 1,329.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock worth $86,723,000 after buying an additional 435,721 shares during the period. Finally, L & S Advisors Inc acquired a new position in Simon Property Group during the 4th quarter worth approximately $4,058,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Transactions at Simon Property Group

In other news, Director Marta R. Stewart bought 182 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.16 per share, for a total transaction of $40,615.12. Following the completion of the acquisition, the director directly owned 18,000 shares in the company, valued at approximately $4,016,880. This trade represents a 1.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Glyn Aeppel bought 243 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.36 per share, with a total value of $54,276.48. Following the acquisition, the director owned 21,067 shares of the company’s stock, valued at $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 2,387 shares of company stock worth $533,056. 8.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SPG shares. Evercore set a $215.00 price objective on Simon Property Group in a research note on Tuesday, July 7th. Piper Sandler upped their target price on Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a report on Thursday, July 9th. Bank of America lifted their price target on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, UBS Group boosted their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $223.00.

Simon Property Group Stock Down 1.3%

SPG stock opened at $220.33 on Friday. Simon Property Group, Inc. has a twelve month low of $172.19 and a twelve month high of $238.50. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The stock’s 50 day moving average is $223.07 and its 200-day moving average is $207.05. The firm has a market capitalization of $71.29 billion, a PE ratio of 15.54, a P/E/G ratio of 2.78 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the firm earned $1.70 EPS. The firm’s quarterly revenue 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. Sell-side analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Announces Dividend

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

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.