Meiji Yasuda Asset Management Co Ltd. Makes New $834,000 Investment in Simon Property Group, Inc. $SPG

Meiji Yasuda Asset Management Co Ltd. bought a new stake in Simon Property Group, Inc. (NYSE:SPG) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,728 shares of the real estate investment trust’s stock, valued at approximately $834,000.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on SPG shares. Stifel Nicolaus increased their price target on shares of Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research report on Tuesday, August 11th. Barclays lifted their price objective on shares of Simon Property Group from $213.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Citigroup increased their target price on shares of Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. Evercore set a $215.00 price target on shares of Simon Property Group in a research note on Tuesday, July 7th. Finally, UBS Group lifted their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $223.00.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $218.92 on Wednesday. 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 fifty-two week low of $172.19 and a fifty-two week high of $238.50. The stock has a market cap of $70.83 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 2.75 and a beta of 1.30. The stock has a fifty day moving average of $223.25 and a 200-day moving average of $207.62.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company posted $1.70 EPS. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities research analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s dividend payout ratio is presently 63.47%.

Insider Transactions at Simon Property Group

In other news, Director Marta R. Stewart acquired 182 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.16 per share, with a total value of $40,615.12. Following the completion of the purchase, the director owned 18,000 shares in the company, valued at approximately $4,016,880. The trade was a 1.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Glyn Aeppel bought 243 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the acquisition, the director directly owned 21,067 shares in the company, valued at $4,705,525.12. This trade represents a 1.17% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 2,387 shares of company stock valued at $533,056. 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.