Simon Property Group, Inc. $SPG Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 9.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 58,122 shares of the real estate investment trust’s stock after acquiring an additional 5,050 shares during the period. Rakuten Investment Management Inc.’s holdings in Simon Property Group were worth $11,873,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Ancora Advisors LLC acquired a new position in Simon Property Group during the second quarter valued at approximately $27,000. Osbon Capital Management LLC bought a new stake in Simon Property Group in the second quarter valued at approximately $32,000. Fiduciary Financial Advisors bought a new stake in Simon Property Group in the second quarter valued at approximately $34,000. N.E.W. Advisory Services LLC raised its holdings in Simon Property Group by 335.0% in the second quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 134 shares during the period. Finally, WPG Advisers LLC boosted its position in shares of Simon Property Group by 40.3% during the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 52 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Stock Up 2.8%

SPG stock opened at $228.21 on Thursday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $73.84 billion, a P/E ratio of 16.09, a P/E/G ratio of 3.42 and a beta of 1.27. The business has a 50-day moving average of $207.49 and a 200-day moving average of $206.33. Simon Property Group, Inc. has a fifty-two week low of $177.88 and a fifty-two week high of $238.50.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business posted $1.70 earnings per share. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, sell-side analysts anticipate that Simon Property Group, Inc. will post 13.24 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is currently 63.47%.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Stefan Selig acquired 208 shares of the stock in a transaction dated Wednesday, September 30th. The shares were bought at an average cost of $202.78 per share, for a total transaction of $42,178.24. Following the completion of the acquisition, the director directly owned 34,020 shares of the company’s stock, valued at approximately $6,898,575.60. This trade represents a 0.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reuben Leibowitz acquired 480 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average cost of $202.78 per share, for a total transaction of $97,334.40. Following the transaction, the director owned 56,277 shares of the company’s stock, valued at $11,411,850.06. This represents a 0.86% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 1,668 shares of company stock worth $338,237. 8.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SPG has been the subject of several research analyst reports. Scotiabank decreased their price target on shares of Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating for the company in a report on Thursday, September 17th. Evercore raised their price objective on Simon Property Group from $213.00 to $216.00 in a research note on Wednesday, October 28th. Stifel Nicolaus lifted their target price on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Citigroup lifted their target price on Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Finally, BNP Paribas Exane started coverage on Simon Property Group in a report on Friday, October 9th. They issued a “neutral” rating and a $222.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $228.67.

Simon Property Group Company Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.