Canada Pension Plan Investment Board Makes New Investment in Simon Property Group, Inc. $SPG

Canada Pension Plan Investment Board bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,189,345 shares of the real estate investment trust’s stock, valued at approximately $489,647,000. Canada Pension Plan Investment Board owned 0.68% of Simon Property Group at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. PFG Investments LLC boosted its stake in Simon Property Group by 2.2% during the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock worth $437,000 after acquiring an additional 50 shares during the last quarter. WPG Advisers LLC increased its stake in Simon Property Group by 40.3% in the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 52 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in Simon Property Group by 2.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 52 shares in the last quarter. Veridan Wealth LLC raised its holdings in Simon Property Group by 1.2% in the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after purchasing an additional 53 shares during the period. Finally, CYBER HORNET ETFs LLC raised its holdings in Simon Property Group by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 55 shares during the period. 93.01% of the stock is owned by institutional investors.

Simon Property Group Trading Down 0.8%

NYSE SPG opened at $218.92 on Wednesday. The stock has a market capitalization of $70.83 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 2.75 and a beta of 1.30. The stock’s 50 day moving average price is $223.25 and its two-hundred day moving average price is $207.62. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. Simon Property Group, Inc. has a 52 week low of $172.19 and a 52 week high of $238.50.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the business earned $1.70 earnings per share. Simon Property Group’s revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SPG shares. LADENBURG THALM/SH SH lifted their price target on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Piper Sandler raised their price objective on Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. UBS Group raised their price objective on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Truist Financial lifted their target price on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. Finally, Scotiabank boosted their target price on Simon Property Group from $220.00 to $222.00 and gave the company a “sector perform” rating in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $223.00.

Insiders Place Their Bets

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 508 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the purchase, the director directly owned 55,797 shares in the company, valued at approximately $12,463,933.86. This represents a 0.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Glyn Aeppel acquired 243 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.36 per share, with a total value of $54,276.48. Following the acquisition, the director directly 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 SEC filing for this purchase provides additional information. Insiders have purchased 2,387 shares of company stock valued at $533,056 in the last quarter. Company insiders own 8.73% of the company’s stock.

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.