Bessemer Group Inc. Buys 155,437 Shares of Simon Property Group, Inc. $SPG

Bessemer Group Inc. lifted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 25.4% during the first quarter, HoldingsChannel.com reports. The fund owned 768,235 shares of the real estate investment trust’s stock after buying an additional 155,437 shares during the quarter. Bessemer Group Inc.’s holdings in Simon Property Group were worth $143,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stance Capital LLC purchased a new stake in shares of Simon Property Group in the third quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new position in Simon Property Group during the 4th quarter worth $29,000. SHP Wealth Management purchased a new position in Simon Property Group during the 4th quarter worth $34,000. Tompkins Financial Corp purchased a new position in Simon Property Group during the 4th quarter worth $42,000. Finally, Cullen Frost Bankers Inc. raised its position in Simon Property Group by 79.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group increased their price target on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. upped their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Bank of America increased their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and an average target price of $213.07.

Insiders Place Their Bets

In other news, Director Larry C. Glasscock purchased 397 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $223.38 per share, with a total value of $88,681.86. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gary M. Rodkin purchased 256 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the acquisition, the director directly owned 21,016 shares in the company, valued at approximately $4,693,713.44. This represents a 1.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 2,387 shares of company stock valued at $533,056 in the last three months. 8.73% of the stock is currently owned by insiders.

Simon Property Group Stock Up 2.8%

Shares of NYSE SPG opened at $228.31 on Friday. Simon Property Group, Inc. has a 12-month low of $159.70 and a 12-month high of $229.59. The stock’s fifty day simple moving average is $212.88 and its two-hundred day simple moving average is $199.95. The stock has a market capitalization of $74.04 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 2.87 and a beta of 1.29. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, analysts expect that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $2.25 dividend. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, June 9th. Simon Property Group’s dividend payout ratio is presently 62.54%.

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.