Pensionfund Sabic Buys Shares of 18,706 Simon Property Group, Inc. $SPG

Pensionfund Sabic bought a new position in Simon Property Group, Inc. (NYSE:SPG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,706 shares of the real estate investment trust’s stock, valued at approximately $3,463,000. Simon Property Group makes up about 0.9% of Pensionfund Sabic’s portfolio, making the stock its 24th largest holding.

Several other hedge funds also recently modified their holdings of SPG. Colonial Trust Co SC raised its holdings in shares of Simon Property Group by 25.7% during the 3rd quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 65 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Simon Property Group by 4.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,582 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 65 shares in the last quarter. Howard Capital Management Inc. increased its position in Simon Property Group by 3.1% during the third quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 66 shares during the last quarter. TIAA Trust National Association increased its position in Simon Property Group by 3.9% during the third quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 67 shares during the last quarter. Finally, SageView Advisory Group LLC raised its holdings in Simon Property Group by 3.5% during the second quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Down 2.0%

Simon Property Group stock opened at $177.93 on Wednesday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $205.12. The firm has a fifty day moving average price of $192.53 and a two-hundred day moving average price of $185.90. The firm has a market cap of $57.82 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 5.98 and a beta of 1.36.

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

Simon Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $2.20 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.9%. Simon Property Group’s dividend payout ratio (DPR) is 62.06%.

Simon Property Group announced that its board has initiated a stock repurchase program on Thursday, February 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays upped their price target on Simon Property Group from $188.00 to $193.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Piper Sandler restated an “overweight” rating and issued a $230.00 target price (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. UBS Group upped their target price on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Scotiabank increased their price target on Simon Property Group from $189.00 to $192.00 and gave the company a “sector perform” rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $199.57.

Insider Buying and Selling

In related news, Director Glyn Aeppel acquired 216 shares of the stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the purchase, the director owned 19,481 shares in the company, valued at approximately $3,623,466. The trade was a 1.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Larry C. Glasscock acquired 363 shares of the stock in a transaction dated Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $67,518.00. Following the purchase, the director owned 43,899 shares of the company’s stock, valued at $8,165,214. The trade was a 0.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 2,192 shares of company stock worth $407,712. 8.60% of the stock is currently owned by company 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.