Simon Property Group, Inc. $SPG Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 4.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 148,982 shares of the real estate investment trust’s stock after selling 7,285 shares during the quarter. Handelsbanken Fonder AB’s holdings in Simon Property Group were worth $27,959,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPG. Norges Bank purchased a new stake in shares of Simon Property Group during the second quarter worth $1,051,262,000. JPMorgan Chase & Co. lifted its stake in shares of Simon Property Group by 34.2% in the second quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock worth $1,046,943,000 after buying an additional 1,660,188 shares in the last quarter. Vanguard Group Inc. boosted its position in Simon Property Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock worth $8,761,093,000 after acquiring an additional 844,190 shares during the last quarter. Aew Capital Management L P grew its stake in Simon Property Group by 90.9% during the 3rd quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock valued at $99,494,000 after acquiring an additional 252,510 shares in the last quarter. Finally, State Street Corp raised its holdings in Simon Property Group by 1.1% in 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. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Wall Street Analyst Weigh In

SPG has been the topic of a number of research reports. Barclays reissued a “positive” rating and issued a $188.00 target price on shares of Simon Property Group in a research note on Tuesday, January 13th. Morgan Stanley set a $205.00 price objective on Simon Property Group in a research report on Friday, January 16th. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Stifel Nicolaus raised their target price on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research note on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Simon Property Group from $198.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and a consensus target price of $197.93.

Simon Property Group Price Performance

NYSE:SPG opened at $203.85 on Friday. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $205.12. The stock’s fifty day moving average is $190.56 and its two-hundred day moving average is $183.99. The company has a market capitalization of $66.55 billion, a P/E ratio of 14.38, a P/E/G ratio of 6.69 and a beta of 1.39. The company has a quick ratio of 1.44, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $3.68 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Equities analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is currently 62.06%.

Simon Property Group declared that its Board of Directors has approved a share repurchase plan on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, Director Glyn Aeppel purchased 216 shares of the firm’s stock in a transaction on 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 completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Larry C. Glasscock acquired 363 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $67,518.00. Following the completion of the purchase, the director directly owned 43,899 shares of the company’s stock, valued at approximately $8,165,214. This represents a 0.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 2,192 shares of company stock worth $407,712 in the last three months. 8.66% of the stock is currently owned by corporate insiders.

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.