Meeder Asset Management Inc. Cuts Stock Position in Simon Property Group, Inc. $SPG

Meeder Asset Management Inc. lessened its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 38.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,469 shares of the real estate investment trust’s stock after selling 49,179 shares during the quarter. Simon Property Group comprises about 0.8% of Meeder Asset Management Inc.’s holdings, making the stock its 27th biggest holding. Meeder Asset Management Inc.’s holdings in Simon Property Group were worth $14,637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Simon Property Group in the fourth quarter valued at approximately $1,112,111,000. Wellington Management Group LLP grew its stake in shares of Simon Property Group by 7.7% in the fourth quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock worth $1,469,748,000 after acquiring an additional 569,772 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Simon Property Group by 1,329.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock worth $86,723,000 after acquiring an additional 435,721 shares during the period. Bbfit Investments PTE Ltd. acquired a new position in Simon Property Group during the 4th quarter worth $80,060,000. Finally, Geode Capital Management LLC increased its position in shares of Simon Property Group by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock valued at $1,950,967,000 after purchasing an additional 363,337 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

SPG has been the subject of several recent analyst reports. Scotiabank lifted their price objective on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Truist Financial increased their target price on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research note on Thursday, July 9th. Citigroup lifted their price target on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Weiss Ratings raised Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $212.21.

Insider Activity

In other news, Director Glyn Aeppel acquired 243 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the purchase, the director owned 21,067 shares in the company, valued at $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel C. Smith acquired 372 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $223.31 per share, with a total value of $83,071.32. Following the completion of the acquisition, the director directly owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 2,387 shares of company stock worth $533,056 over the last ninety days. 8.73% of the stock is owned by corporate insiders.

Simon Property Group Price Performance

Shares of SPG opened at $228.47 on Monday. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. Simon Property Group, Inc. has a 1-year low of $159.70 and a 1-year high of $231.53. The stock has a market cap of $74.09 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.95 and a beta of 1.29. The firm has a fifty day moving average price of $213.40 and a 200 day moving average price of $200.24.

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

Simon Property Group Increases Dividend

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