Aster Capital Management DIFC Ltd Takes Position in Simon Property Group, Inc. $SPG

Aster Capital Management DIFC Ltd purchased a new position in shares of Simon Property Group, Inc. (NYSE:SPG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,419 shares of the real estate investment trust’s stock, valued at approximately $1,768,000. Simon Property Group accounts for approximately 0.9% of Aster Capital Management DIFC Ltd’s holdings, making the stock its 19th biggest position.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Simon Property Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after purchasing an additional 844,190 shares during the period. State Street Corp increased its holdings in Simon Property Group by 1.1% in the second quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock valued at $3,448,703,000 after purchasing an additional 228,819 shares during the last quarter. Geode Capital Management LLC lifted its stake in Simon Property Group by 1.3% in the second quarter. Geode Capital Management LLC now owns 9,592,471 shares of the real estate investment trust’s stock valued at $1,536,565,000 after buying an additional 127,636 shares during the period. Norges Bank bought a new position in Simon Property Group during the second quarter worth about $1,051,262,000. Finally, JPMorgan Chase & Co. boosted its holdings in Simon Property Group by 34.2% during the second quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock worth $1,046,943,000 after buying an additional 1,660,188 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Stock Up 0.8%

Simon Property Group stock opened at $202.68 on Friday. The company has a current ratio of 0.90, a quick ratio of 1.44 and a debt-to-equity ratio of 4.42. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $204.05. The company has a fifty day simple moving average of $190.18 and a 200 day simple moving average of $183.73. The company has a market cap of $66.17 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 6.64 and a beta of 1.39.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company earned $3.68 EPS. Simon Property Group’s revenue for the quarter was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is presently 62.06%.

Simon Property Group declared that its Board of Directors has approved a stock buyback program on Thursday, February 5th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Tuesday, January 20th. Citigroup increased their target price on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of Simon Property Group from $198.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus price target of $197.93.

Insiders Place Their Bets

In other news, Director Reuben S. Leibowitz bought 480 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, for a total transaction of $89,280.00. Following the completion of the acquisition, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This represents a 0.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Larry C. Glasscock purchased 363 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, for a total transaction of $67,518.00. Following the completion of the transaction, the director directly owned 43,899 shares of the company’s stock, valued at approximately $8,165,214. This represents a 0.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 2,192 shares of company stock valued at $407,712 in the last ninety days. 8.66% 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.