112,614 Shares in Simon Property Group, Inc. $SPG Purchased by Nykredit A S

Nykredit A S acquired a new position in Simon Property Group, Inc. (NYSE:SPG) during the second quarter, HoldingsChannel reports. The institutional investor acquired 112,614 shares of the real estate investment trust’s stock, valued at approximately $25,186,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SPG. Stance Capital LLC purchased a new position in shares of Simon Property Group during the third quarter valued at approximately $26,000. Ancora Advisors LLC bought a new stake in shares of Simon Property Group in the 2nd quarter worth approximately $27,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Simon Property Group in the 4th quarter worth approximately $29,000. Osbon Capital Management LLC purchased a new stake in shares of Simon Property Group in the 2nd quarter worth approximately $32,000. Finally, SHP Wealth Management bought a new position in Simon Property Group during the 4th quarter valued at approximately $34,000. Institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling

In other Simon Property Group news, Director Glyn Aeppel acquired 243 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the acquisition, the director owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Larry Glasscock bought 397 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $223.38 per share, with a total value of $88,681.86. Following the transaction, the director owned 45,902 shares in the company, valued at $10,253,588.76. The trade was a 0.87% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 2,387 shares of company stock worth $533,056 in the last three months. 8.73% of the stock is currently owned by company insiders.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $211.23 on Friday. The firm has a market cap of $68.35 billion, a P/E ratio of 14.90, a PEG ratio of 3.17 and a beta of 1.28. Simon Property Group, Inc. has a twelve month low of $172.19 and a twelve month high of $238.50. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The company has a 50 day moving average of $222.89 and a 200 day moving average of $208.46.

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

Simon Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.3%. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SPG shares. Citigroup lifted their price objective on Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday, August 17th. Barclays increased their target price on Simon Property Group from $213.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Mizuho lifted their price target on Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Bank of America upped their price target 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, Piper Sandler increased 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. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $225.27.

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.