Simon Property Group, Inc. $SPG Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 5.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 129,734 shares of the real estate investment trust’s stock after buying an additional 6,475 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Simon Property Group were worth $26,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Simon Property Group by 1.2% in the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after acquiring an additional 455,543 shares during the period. Wellington Management Group LLP raised its holdings in shares of Simon Property Group by 2.7% during the second quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock worth $2,100,146,000 after purchasing an additional 242,709 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Simon Property Group by 6.1% during the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after purchasing an additional 491,519 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Simon Property Group by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust’s stock worth $859,209,000 after purchasing an additional 105,524 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Simon Property Group by 13,579.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock worth $806,167,000 after purchasing an additional 3,578,240 shares during the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SPG shares. Piper Sandler decreased their target price on shares of Simon Property Group from $285.00 to $254.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Weiss Ratings downgraded Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Stifel Nicolaus increased their price target on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $224.07.

Insider Buying and Selling at Simon Property Group

In related news, Director Daniel Smith bought 350 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average price of $202.78 per share, for a total transaction of $70,973.00. Following the completion of the transaction, the director directly owned 34,830 shares in the company, valued at $7,062,827.40. This trade represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Reuben Leibowitz bought 480 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was bought at an average price of $202.78 per share, for a total transaction of $97,334.40. Following the transaction, the director owned 56,277 shares of the company’s stock, valued at approximately $11,411,850.06. This trade represents a 0.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 1,668 shares of company stock valued at $338,237. Insiders own 8.73% of the company’s stock.

Simon Property Group Trading Down 1.4%

Shares of NYSE:SPG opened at $202.49 on Tuesday. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50. The firm has a market capitalization of $65.52 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 3.17 and a beta of 1.30. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50 day moving average price is $208.62 and its 200-day moving average price is $210.83.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results 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). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. Simon Property Group’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities research analysts forecast that Simon Property Group, Inc. will post 13.23 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 63.47%.

Simon Property Group Company Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.