Simon Property Group, Inc. $SPG Holdings Raised by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 90.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,386 shares of the real estate investment trust’s stock after purchasing an additional 70,917 shares during the quarter. Simon Property Group comprises about 1.7% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 12th largest holding. Meeder Asset Management Inc.’s holdings in Simon Property Group were worth $33,410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new position in Simon Property Group in the 4th quarter valued at about $1,112,111,000. Wellington Management Group LLP raised its position in shares of Simon Property Group by 7.7% during the 4th quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock worth $1,469,748,000 after buying an additional 569,772 shares in the last quarter. Bank of America Corp DE raised its position in shares of Simon Property Group by 6.1% during the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after buying an additional 491,519 shares in the last quarter. Cardano Risk Management B.V. acquired a new stake in shares of Simon Property Group in the 2nd quarter worth approximately $104,281,000. Finally, BlackRock Inc. lifted its stake in shares of Simon Property Group by 1.2% in the 2nd quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after acquiring an additional 455,543 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Performance

Shares of SPG opened at $221.16 on Tuesday. 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 firm’s 50 day moving average is $222.58 and its 200-day moving average is $206.35. Simon Property Group, Inc. has a 12-month low of $172.09 and a 12-month high of $238.50. The stock has a market capitalization of $71.72 billion, a P/E ratio of 15.60, a P/E/G ratio of 2.74 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS 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 issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. Simon Property Group’s dividend payout ratio is currently 63.47%.

Insider Activity at Simon Property Group

In related news, Director Glyn Aeppel bought 243 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the acquisition, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. The trade was a 1.17% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Marta R. Stewart bought 182 shares of the firm’s stock in a transaction that occurred on 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. The trade was a 1.02% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 2,387 shares of company stock worth $533,056. 8.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SPG. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. UBS Group boosted their target price on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. 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 research report on Monday, June 29th. Piper Sandler increased their price target on Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and a consensus target price of $222.87.

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.