M&G PLC Has $2.23 Million Position in Simon Property Group, Inc. $SPG

M&G PLC raised its position in Simon Property Group, Inc. (NYSE:SPG) by 857.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,858 shares of the real estate investment trust’s stock after purchasing an additional 10,619 shares during the period. M&G PLC’s holdings in Simon Property Group were worth $2,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Simon Property Group in the fourth quarter valued at about $295,000. Nordea Investment Management AB boosted its holdings in Simon Property Group by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 29,781 shares of the real estate investment trust’s stock valued at $4,731,000 after purchasing an additional 1,607 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in Simon Property Group by 7.6% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,900 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 134 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of Simon Property Group during the 2nd quarter worth approximately $278,000. Finally, Phoenix Financial Ltd. bought a new position in shares of Simon Property Group during the second quarter worth approximately $502,000. Institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SPG shares. Citigroup increased their price target on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. UBS Group upped their price objective 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 issued a $188.00 target price on shares of Simon Property Group in a report on Tuesday, January 13th. Finally, Scotiabank upped their price target on shares of Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and a consensus price target of $197.93.

Insider Activity

In other Simon Property Group news, Director Gary M. Rodkin acquired 226 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the acquisition, the director directly owned 19,455 shares in the company, valued at $3,618,630. This represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stefan M. Selig bought 201 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired 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 owned 32,277 shares in the company, valued at $6,003,522. This trade represents a 0.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 2,192 shares of company stock valued at $407,712. 8.66% of the stock is currently owned by company insiders.

Simon Property Group Trading Up 2.6%

Shares of Simon Property Group stock opened at $201.99 on Wednesday. The firm’s 50 day moving average is $187.72 and its 200 day moving average is $182.28. The firm has a market capitalization of $65.94 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 7.23 and a beta of 1.39. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $202.09. The company has a current ratio of 0.90, a quick ratio of 1.44 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $3.68 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $2.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.4%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group declared that its Board of Directors has initiated a stock buyback program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.