Simon Property Group, Inc. $SPG Stock Holdings Boosted by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd increased its position in Simon Property Group, Inc. (NYSE:SPG) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,752 shares of the real estate investment trust’s stock after acquiring an additional 8,909 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Simon Property Group were worth $12,903,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPG. Trust Co. of Toledo NA OH acquired a new position in shares of Simon Property Group in the 2nd quarter worth $25,000. VSM Wealth Advisory LLC acquired a new position in shares of Simon Property Group in the second quarter worth $30,000. Silicon Valley Capital Partners purchased a new stake in shares of Simon Property Group during the 2nd quarter worth about $30,000. Bell Investment Advisors Inc raised its position in Simon Property Group by 205.6% during the second quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 146 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in Simon Property Group in the third quarter valued at approximately $39,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Reuben S. Leibowitz purchased 480 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $89,280.00. Following the acquisition, the director directly owned 53,639 shares in the company, valued at approximately $9,976,854. This trade represents a 0.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel C. Smith acquired 347 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, with a total value of $64,542.00. Following the transaction, the director directly owned 32,680 shares of the company’s stock, valued at $6,078,480. The trade was a 1.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 2,192 shares of company stock worth $407,712. Corporate insiders own 8.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Barclays restated a “positive” rating and set a $188.00 price target on shares of Simon Property Group in a research note on Tuesday. UBS Group increased their target price on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Evercore ISI raised their target price on Simon Property Group from $187.00 to $188.00 and gave the company an “in-line” rating in a report on Friday, October 17th. Citigroup upped their price target on Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, Mizuho set a $192.00 price objective on Simon Property Group in a research note on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $191.92.

Simon Property Group Price Performance

NYSE SPG opened at $185.55 on Thursday. The stock has a 50-day simple moving average of $184.06 and a 200 day simple moving average of $177.69. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $190.13. The stock has a market capitalization of $60.58 billion, a PE ratio of 27.01, a P/E/G ratio of 8.78 and a beta of 1.37. The company has a debt-to-equity ratio of 9.59, a quick ratio of 1.44 and a current ratio of 1.44.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.13. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm posted $3.05 EPS. The company’s revenue was up 8.2% on a year-over-year basis. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 4.7%. The ex-dividend date was Wednesday, December 10th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s dividend payout ratio is currently 128.09%.

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.