Caisse de depot et placement du Quebec Makes New $143.95 Million Investment in Simon Property Group, Inc. $SPG

Caisse de depot et placement du Quebec acquired a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 643,630 shares of the real estate investment trust’s stock, valued at approximately $143,948,000.

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

Simon Property Group Trading Down 0.9%

Simon Property Group stock opened at $217.12 on Thursday. The company’s fifty day simple moving average is $223.39 and its 200-day simple moving average is $207.76. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50. The stock has a market cap of $70.25 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.73 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company posted $1.70 earnings per share. The company’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. As a group, sell-side analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPG. 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. Bank of America increased their price objective on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Evercore set a $215.00 price objective on Simon Property Group in a research report on Tuesday, July 7th. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded 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. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $223.00.

Insider Buying and Selling

In other news, Director Reuben S. Leibowitz purchased 508 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the acquisition, the director directly owned 55,797 shares in the company, valued at $12,463,933.86. This represents a 0.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Larry C. Glasscock purchased 397 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $223.38 per share, with a total value of $88,681.86. Following the purchase, the director owned 45,902 shares in the company, valued at $10,253,588.76. This represents a 0.87% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company’s stock.

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.