Fjarde AP Fonden Fourth Swedish National Pension Fund Makes New $11.01 Million Investment in Simon Property Group, Inc. $SPG

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG) in the fourth quarter, Holdings Channel.com reports. The firm bought 59,467 shares of the real estate investment trust’s stock, valued at approximately $11,008,000.

A number of other large investors have also recently made changes to their positions in SPG. Stance Capital LLC bought a new position in shares of Simon Property Group in the third quarter worth $26,000. Atlantic Union Bankshares Corp boosted its holdings in shares of Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 123 shares during the period. Tompkins Financial Corp bought a new position in shares of Simon Property Group in the fourth quarter worth $42,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Simon Property Group by 79.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 111 shares during the period. Finally, Camelot Portfolios LLC bought a new position in shares of Simon Property Group in the fourth quarter worth $53,000. 93.01% of the stock is owned by institutional investors.

Simon Property Group Trading Up 2.1%

Shares of Simon Property Group stock opened at $210.60 on Friday. Simon Property Group, Inc. has a 1 year low of $155.44 and a 1 year high of $211.23. The firm has a market cap of $68.30 billion, a PE ratio of 14.64, a PEG ratio of 3.80 and a beta of 1.31. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The company has a 50 day simple moving average of $200.08 and a two-hundred day simple moving average of $192.63.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $2.95 earnings per share. Simon Property Group’s revenue for the quarter was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a dividend of $2.25 per share. The ex-dividend date is Tuesday, June 9th. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.3%. Simon Property Group’s dividend payout ratio (DPR) is presently 61.15%.

Analysts Set New Price Targets

SPG has been the subject of a number of analyst reports. Stifel Nicolaus raised their price target on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Barclays raised their price objective on shares of Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Weiss Ratings lowered shares of Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Evercore set a $207.00 price objective on shares of Simon Property Group in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $205.57.

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.