UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 3,578,240 Shares of Simon Property Group, Inc. $SPG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 13,579.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,604,590 shares of the real estate investment trust’s stock after buying an additional 3,578,240 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Simon Property Group were worth $806,167,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Danske Bank A S grew its stake in shares of Simon Property Group by 11.1% during the fourth quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock valued at $35,901,000 after buying an additional 19,300 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Simon Property Group by 3.3% during the 4th quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock worth $700,452,000 after acquiring an additional 122,186 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Simon Property Group by 3.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock worth $111,950,000 after acquiring an additional 20,477 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Simon Property Group by 1,329.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock worth $86,723,000 after acquiring an additional 435,721 shares during the last quarter. Finally, L & S Advisors Inc purchased a new position in Simon Property Group during the 4th quarter valued at $4,058,000. Institutional investors own 93.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SPG. JPMorgan Chase & Co. lifted their target price on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Mizuho lifted their price objective on shares of Simon Property Group from $211.00 to $226.00 and gave the company a “neutral” rating in a report on Thursday. Piper Sandler boosted their price objective on shares of Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Bank of America upped their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Simon Property Group has an average rating of “Hold” and a consensus price target of $225.27.

Simon Property Group Trading Down 0.1%

NYSE:SPG opened at $214.65 on Friday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a 50-day simple moving average of $223.52 and a 200-day simple moving average of $207.92. Simon Property Group, Inc. has a one year low of $172.19 and a one year high of $238.50. The firm has a market cap of $69.45 billion, a P/E ratio of 15.14, a P/E/G ratio of 2.67 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s payout ratio is 63.47%.

Insiders Place Their Bets

In other news, Director Larry C. Glasscock bought 397 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the acquisition, the director owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary M. Rodkin purchased 256 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the acquisition, the director directly owned 21,016 shares in the company, valued at approximately $4,693,713.44. This represents a 1.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 2,387 shares of company stock valued at $533,056 in the last three months. 8.73% of the stock is currently owned by 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.