VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Simon Property Group, Inc. $SPG

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Simon Property Group, Inc. (NYSE:SPG) in the second quarter, Holdings Channel reports. The fund purchased 375,156 shares of the real estate investment trust’s stock, valued at approximately $83,904,000.

Other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System grew its holdings in shares of Simon Property Group by 20,284.8% during the 2nd quarter. California State Teachers Retirement System now owns 105,279,435 shares of the real estate investment trust’s stock valued at $23,545,746,000 after acquiring an additional 104,762,975 shares in the last quarter. Norges Bank purchased a new stake in shares of Simon Property Group during the fourth quarter worth $1,112,111,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Simon Property Group by 13,579.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock worth $806,167,000 after acquiring an additional 3,578,240 shares in the last quarter. Legal & General Group Plc acquired a new stake in Simon Property Group during the second quarter valued at $783,974,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Simon Property Group during the second quarter valued at $489,647,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Larry C. Glasscock purchased 397 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average price 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 in the company, valued at approximately $10,253,588.76. This trade represents a 0.87% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel C. Smith purchased 372 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the acquisition, the director owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 2,387 shares of company stock worth $533,056 in the last three months. 8.73% of the stock is owned by insiders.

Simon Property Group Trading Up 0.0%

Simon Property Group stock opened at $209.49 on Monday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $67.78 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 3.16 and a beta of 1.28. Simon Property Group, Inc. has a one year low of $172.19 and a one year high of $238.50. The company’s fifty day moving average price is $222.53 and its two-hundred day moving average price is $208.55.

Simon Property Group (NYSE:SPG) last posted its 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 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 the consensus estimate of $1.61 billion. During the same quarter last year, the business earned $1.70 earnings per share. Simon Property Group’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. On average, analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 63.47%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SPG shares. Morgan Stanley upped their target price on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. UBS Group lifted their price target on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings raised Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 12th. Evercore set a $215.00 price objective on Simon Property Group in a report on Tuesday, July 7th. Finally, Stifel Nicolaus raised 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 report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $228.14.

About Simon Property Group

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.