BROOKFIELD Corp ON Has $25.68 Million Stake in Simon Property Group, Inc. $SPG

BROOKFIELD Corp ON cut its stake in Simon Property Group, Inc. (NYSE:SPG) by 5.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 137,654 shares of the real estate investment trust’s stock after selling 7,236 shares during the quarter. BROOKFIELD Corp ON’s holdings in Simon Property Group were worth $25,677,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC grew its holdings in Simon Property Group by 132.0% during the first quarter. Lazard Asset Management LLC now owns 344,635 shares of the real estate investment trust’s stock worth $64,285,000 after buying an additional 196,103 shares in the last quarter. Family Manage LLC bought a new position in Simon Property Group during the 1st quarter valued at $1,566,000. Gateway Wealth Partners LLC purchased a new position in Simon Property Group during the 1st quarter worth $353,000. Weiss Asset Management LP purchased a new position in Simon Property Group during the 1st quarter worth $28,200,000. Finally, OMERS ADMINISTRATION Corp grew its stake in shares of Simon Property Group by 50.2% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 20,432 shares of the real estate investment trust’s stock worth $3,811,000 after acquiring an additional 6,830 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Marta R. Stewart bought 182 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $223.16 per share, for a total transaction of $40,615.12. Following the completion of the transaction, the director directly owned 18,000 shares of the company’s stock, valued at $4,016,880. This trade represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Glyn Aeppel bought 243 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of $223.36 per share, with a total value of $54,276.48. Following the purchase, the director directly owned 21,067 shares of the company’s stock, valued at approximately $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 2,387 shares of company stock valued at $533,056. Insiders own 8.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on SPG shares. Citigroup increased their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 14th. Bank of America upped their price objective on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Truist Financial increased their price objective on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $216.14.

Simon Property Group Stock Performance

Shares of SPG opened at $229.52 on Monday. The firm has a market cap of $74.43 billion, a PE ratio of 15.95, a PEG ratio of 2.97 and a beta of 1.29. The stock’s fifty day moving average price is $215.92 and its two-hundred day moving average price is $201.73. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. Simon Property Group, Inc. has a 1 year low of $159.70 and a 1 year high of $231.52.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities research analysts forecast that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

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

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.