Simon Property Group, Inc. $SPG Shares Acquired by National Pension Service

National Pension Service lifted its stake in Simon Property Group, Inc. (NYSE:SPG) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,080,314 shares of the real estate investment trust’s stock after buying an additional 33,758 shares during the period. National Pension Service owned approximately 0.33% of Simon Property Group worth $202,743,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPG. Vanguard Group Inc. increased its position in shares of Simon Property Group by 0.3% during the second quarter. Vanguard Group Inc. now owns 45,839,312 shares of the real estate investment trust’s stock worth $7,369,128,000 after purchasing an additional 149,314 shares in the last quarter. State Street Corp boosted its position in shares of Simon Property Group by 1.1% in the 2nd quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock valued at $3,448,703,000 after purchasing an additional 228,819 shares during the period. Geode Capital Management LLC grew its stake in Simon Property Group by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 9,592,471 shares of the real estate investment trust’s stock worth $1,536,565,000 after buying an additional 127,636 shares during the last quarter. Norges Bank acquired a new position in Simon Property Group during the second quarter worth approximately $1,051,262,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Simon Property Group by 34.2% in the second quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock valued at $1,046,943,000 after acquiring an additional 1,660,188 shares during the period. 93.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin bought 226 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, with a total value of $42,036.00. Following the completion of the acquisition, the director owned 19,455 shares in the company, valued at $3,618,630. The trade was a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Glyn Aeppel bought 216 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the transaction, the director directly owned 19,481 shares in the company, valued at approximately $3,623,466. This represents a 1.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 2,192 shares of company stock valued at $407,712 in the last three months. Insiders own 8.66% of the company’s stock.

Simon Property Group Trading Up 0.8%

Shares of Simon Property Group stock opened at $191.34 on Friday. The firm has a market cap of $62.47 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 7.04 and a beta of 1.37. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $192.25. The company’s 50-day simple moving average is $184.80 and its 200-day simple moving average is $179.53. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 9.59.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.13. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm earned $3.05 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. As a group, equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were issued a dividend of $2.20 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.15. This represents a $8.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, December 10th. Simon Property Group’s dividend payout ratio is currently 128.09%.

Wall Street Analysts Forecast Growth

SPG has been the topic of a number of research reports. UBS Group raised their target price on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Barclays reissued a “positive” rating and set a $188.00 price objective on shares of Simon Property Group in a research report on Tuesday, January 13th. Piper Sandler upped their target price on shares of Simon Property Group from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Finally, Mizuho set a $192.00 price target on Simon Property Group in a research report on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $194.64.

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.