Rakuten Investment Management Inc. Buys 4,745 Shares of Simon Property Group, Inc. $SPG

Rakuten Investment Management Inc. increased its stake in Simon Property Group, Inc. (NYSE:SPG) by 9.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 53,072 shares of the real estate investment trust’s stock after acquiring an additional 4,745 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Simon Property Group were worth $12,077,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Simon Property Group during the fourth quarter valued at $1,112,111,000. Legal & General Group Plc bought a new position in Simon Property Group during the 2nd quarter worth about $783,974,000. Canada Pension Plan Investment Board purchased a new position in Simon Property Group during the 2nd quarter valued at about $489,647,000. Caisse de depot et placement du Quebec bought a new stake in shares of Simon Property Group in the 2nd quarter valued at about $143,948,000. Finally, Wellington Management Group LLP raised its holdings in shares of Simon Property Group by 7.7% in the 4th quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock valued at $1,469,748,000 after purchasing an additional 569,772 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Down 0.1%

Shares of NYSE:SPG opened at $214.65 on Friday. The business’s 50-day moving average is $223.52 and its 200 day moving average is $207.92. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50. The firm has a market capitalization of $69.45 billion, a P/E ratio of 15.14, a P/E/G ratio of 2.68 and a beta of 1.30. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05.

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 for the quarter, missing the consensus estimate 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 business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the business posted $1.70 EPS. Simon Property Group’s revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $2.25 per share. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. Simon Property Group’s dividend payout ratio is presently 63.47%.

Insider Buying and Selling at Simon Property Group

In related news, Director Glyn Aeppel acquired 243 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $223.36 per share, with a total value of $54,276.48. Following the completion of the acquisition, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry C. Glasscock acquired 397 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the acquisition, the director directly owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 2,387 shares of company stock worth $533,056 in the last three months. 8.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPG. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 12th. Bank of America upped their target price on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Mizuho increased their target price on Simon Property Group from $211.00 to $226.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Evercore set a $215.00 price target on Simon Property Group in a report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and a consensus target price of $225.27.

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.