Sumitomo Life Insurance Co. Makes New $894,000 Investment in Simon Property Group, Inc. $SPG

Sumitomo Life Insurance Co. acquired a new stake in Simon Property Group, Inc. (NYSE:SPG) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,997 shares of the real estate investment trust’s stock, valued at approximately $894,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SPG. Vanguard Group Inc. lifted its stake in Simon Property Group by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock worth $8,694,610,000 after purchasing an additional 286,464 shares during the last quarter. BlackRock Inc. grew its stake in shares of Simon Property Group by 1.2% during the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock valued at $8,335,255,000 after buying an additional 455,543 shares during the last quarter. State Street Corp increased its holdings in shares of Simon Property Group by 1.5% in the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock worth $4,084,730,000 after buying an additional 312,995 shares during the period. Geode Capital Management LLC increased its holdings in shares of Simon Property Group by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after buying an additional 363,337 shares during the period. Finally, Capital World Investors lifted its stake in shares of Simon Property Group by 2.7% in the 4th quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock valued at $1,593,872,000 after acquiring an additional 226,271 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of SPG stock opened at $218.52 on Friday. The stock has a market cap of $70.70 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.72 and a beta of 1.30. The business’s fifty day moving average is $223.06 and its 200 day moving average is $207.13. 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.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data 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). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the business posted $1.70 EPS. The business’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. 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 declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 63.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SPG shares. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Truist Financial upped their price target on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Evercore set a $215.00 price target on shares of Simon Property Group in a report on Tuesday, July 7th. Finally, Morgan Stanley upped their target price on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $223.00.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 508 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $223.38 per share, with a total value of $113,477.04. Following the transaction, the director directly owned 55,797 shares in the company, valued at approximately $12,463,933.86. The trade was a 0.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel C. Smith acquired 372 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $223.31 per share, for a total transaction of $83,071.32. Following the purchase, the director directly owned 34,480 shares of the company’s stock, valued at $7,699,728.80. This represents a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 2,387 shares of company stock worth $533,056 over the last 90 days. 8.73% of the stock is currently owned by insiders.

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.