National Pension Service Increases Holdings in Simon Property Group, Inc. $SPG

National Pension Service increased its position in Simon Property Group, Inc. (NYSE:SPG) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,080,314 shares of the real estate investment trust’s stock after acquiring an additional 33,758 shares during the period. National Pension Service’s holdings in Simon Property Group were worth $202,743,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new stake in Simon Property Group in the second quarter valued at $25,000. VSM Wealth Advisory LLC purchased a new stake in shares of Simon Property Group in the 2nd quarter worth about $30,000. Silicon Valley Capital Partners acquired a new stake in Simon Property Group in the 2nd quarter valued at about $30,000. Bell Investment Advisors Inc grew its stake in Simon Property Group by 205.6% in the 2nd 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 during the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in Simon Property Group during the 3rd quarter valued at about $39,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Stefan M. Selig purchased 201 shares of the stock in a transaction on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $37,386.00. Following the acquisition, the director directly owned 32,277 shares of the company’s stock, valued at $6,003,522. This represents a 0.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Gary M. Rodkin acquired 226 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the completion of the acquisition, the director owned 19,455 shares in the company, valued at approximately $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 2,192 shares of company stock worth $407,712 in the last quarter. 8.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on SPG shares. Evercore ISI upped their price target on shares of Simon Property Group from $187.00 to $188.00 and gave the company an “in-line” rating in a report on Friday, October 17th. Stifel Nicolaus lifted their price objective on Simon Property Group from $179.00 to $184.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Mizuho set a $192.00 target price on Simon Property Group in a report on Friday, January 9th. Truist Financial raised their price target on Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and an average price target of $194.64.

Simon Property Group Stock Up 0.8%

SPG stock opened at $191.34 on Friday. The stock has a market capitalization of $62.47 billion, a P/E ratio of 27.85, a PEG ratio of 7.04 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, Inc. has a one year low of $136.34 and a one year high of $192.25. The company has a 50 day moving average price of $184.80 and a two-hundred day moving average price of $179.53.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share for the quarter, topping 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 company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company posted $3.05 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. As a group, sell-side analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were paid a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, December 10th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s dividend payout ratio is 128.09%.

Simon Property Group Company 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.