Simon Property Group, Inc. $SPG Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,154 shares of the real estate investment trust’s stock after purchasing an additional 3,690 shares during the period. UniSuper Management Pty Ltd’s holdings in Simon Property Group were worth $22,737,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in Simon Property Group during the second quarter worth approximately $1,051,262,000. JPMorgan Chase & Co. increased its stake in shares of Simon Property Group by 34.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock worth $1,046,943,000 after acquiring an additional 1,660,188 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Simon Property Group during the 2nd quarter worth $68,013,000. State Street Corp boosted its position in shares of Simon Property Group by 1.1% during the 2nd quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock valued at $3,448,703,000 after acquiring an additional 228,819 shares during the last quarter. Finally, Aviva PLC boosted its position in shares of Simon Property Group by 698.3% during the 2nd quarter. Aviva PLC now owns 243,931 shares of the real estate investment trust’s stock valued at $39,214,000 after acquiring an additional 213,374 shares during the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Stock Down 0.1%

Shares of NYSE SPG opened at $184.83 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 9.59. The business’s 50 day moving average is $184.23 and its two-hundred day moving average is $178.56. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $190.13. The firm has a market cap of $60.34 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 6.87 and a beta of 1.37.

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

Simon Property Group Increases Dividend

The firm 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 4.8%. The ex-dividend date of this dividend was Wednesday, December 10th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s payout ratio is currently 128.09%.

Analyst Ratings Changes

SPG has been the subject of several recent analyst reports. Scotiabank raised their price objective on shares of Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. Citigroup raised their price target on shares of Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research report on Friday, January 16th. Barclays reiterated a “positive” rating and issued a $188.00 price objective on shares of Simon Property Group in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Simon Property Group currently has an average rating of “Hold” and a consensus target price of $194.64.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin purchased 226 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, with a total value of $42,036.00. Following the transaction, the director directly owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. This represents a 1.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glyn Aeppel acquired 216 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, for a total transaction of $40,176.00. Following the transaction, the director directly owned 19,481 shares of the company’s stock, valued at approximately $3,623,466. This trade represents a 1.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 2,192 shares of company stock worth $407,712 over the last 90 days. 8.66% of the stock is currently owned by corporate insiders.

About Simon Property Group

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.