SEB Asset Management AB Purchases New Shares in Simon Property Group, Inc. $SPG

SEB Asset Management AB purchased a new position in Simon Property Group, Inc. (NYSE:SPG) during the first quarter, Holdings Channel.com reports. The firm purchased 184,200 shares of the real estate investment trust’s stock, valued at approximately $34,359,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Danske Bank A S grew its position in Simon Property Group by 11.1% during the 4th quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock worth $35,901,000 after purchasing an additional 19,300 shares in the last quarter. Legal & General Group Plc raised its stake in 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 valued at $700,452,000 after purchasing an additional 122,186 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Simon Property Group by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock valued at $111,950,000 after purchasing an additional 20,477 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Simon Property Group by 1,329.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock valued at $86,723,000 after purchasing an additional 435,721 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Simon Property Group in the fourth quarter worth $1,112,111,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Trading Down 0.1%

Simon Property Group stock opened at $228.47 on Monday. The company’s fifty day simple moving average is $213.40 and its 200-day simple moving average is $200.24. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 12 month low of $159.70 and a 12 month high of $231.53. The stock has a market cap of $74.09 billion, a P/E ratio of 15.88, a P/E/G ratio of 2.95 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted $2.95 earnings per share. Simon Property Group’s revenue for the quarter was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, sell-side analysts forecast that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is currently 62.54%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SPG shares. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Citigroup increased their price objective on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Evercore set a $215.00 price objective on Simon Property Group in a research report on Tuesday, July 7th. UBS Group lifted their target price on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their target price on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $212.21.

Insider Buying and Selling

In other news, Director Larry C. Glasscock purchased 397 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $223.38 per share, with a total value of $88,681.86. Following the purchase, the director directly owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. This trade represents a 0.87% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Reuben S. Leibowitz purchased 508 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $223.38 per share, with a total value of $113,477.04. Following the completion of the acquisition, the director owned 55,797 shares in the company, valued at $12,463,933.86. The trade was a 0.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company’s stock.

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.