Oregon Public Employees Retirement Fund Has $7.01 Million Position in Simon Property Group, Inc. $SPG

Oregon Public Employees Retirement Fund grew its holdings in Simon Property Group, Inc. (NYSE:SPG) by 40.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,355 shares of the real estate investment trust’s stock after buying an additional 10,820 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Simon Property Group were worth $7,010,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Simon Property Group in the fourth quarter worth about $295,000. Jacobs Levy Equity Management Inc. acquired a new stake in Simon Property Group during the first quarter valued at approximately $539,000. Great Lakes Advisors LLC grew its stake in shares of Simon Property Group by 3.7% in the 1st quarter. Great Lakes Advisors LLC now owns 1,908 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 68 shares during the period. Focus Partners Wealth raised its holdings in shares of Simon Property Group by 89.0% in the 1st quarter. Focus Partners Wealth now owns 114,156 shares of the real estate investment trust’s stock worth $18,959,000 after buying an additional 53,764 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Simon Property Group by 8.8% in the 1st quarter. Intech Investment Management LLC now owns 31,926 shares of the real estate investment trust’s stock worth $5,302,000 after buying an additional 2,572 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SPG has been the topic of several recent analyst reports. Piper Sandler boosted their price target on Simon Property Group from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Evercore ISI lifted their price objective on Simon Property Group from $187.00 to $188.00 and gave the company an “in-line” rating in a report on Friday, October 17th. Mizuho set a $192.00 target price on shares of Simon Property Group in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research report on Tuesday, October 14th. Finally, Barclays lifted their price target on shares of Simon Property Group from $180.00 to $186.00 and gave the company an “equal weight” rating in a report on Tuesday, November 18th. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $191.54.

Insiders Place Their Bets

In other news, Director Stefan M. Selig bought 201 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $37,386.00. Following the completion of the transaction, the director directly owned 32,277 shares in the company, valued at $6,003,522. The trade was a 0.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Larry C. Glasscock purchased 363 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, for a total transaction of $67,518.00. Following the purchase, the director directly owned 43,899 shares of the company’s stock, valued at $8,165,214. This trade represents a 0.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 2,192 shares of company stock valued at $407,712 over the last quarter. Company insiders own 8.66% of the company’s stock.

Simon Property Group Stock Performance

Shares of NYSE:SPG opened at $184.60 on Friday. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $190.13. The firm has a market cap of $60.27 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 8.82 and a beta of 1.37. The company has a debt-to-equity ratio of 9.59, a quick ratio of 1.44 and a current ratio of 1.44. The business has a fifty day moving average of $183.78 and a 200-day moving average of $177.04.

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

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 4.8%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. The ex-dividend date of this dividend was Wednesday, December 10th. Simon Property Group’s payout ratio is currently 128.09%.

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.