E. Ohman J or Asset Management AB Sells 3,071 Shares of Simon Property Group, Inc. $SPG

E. Ohman J or Asset Management AB reduced its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,029 shares of the real estate investment trust’s stock after selling 3,071 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Simon Property Group were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC lifted its holdings in shares of Simon Property Group by 25.7% in the third quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 65 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Simon Property Group by 4.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,582 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 65 shares in the last quarter. Howard Capital Management Inc. grew its stake in Simon Property Group by 3.1% during the third quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock valued at $408,000 after acquiring an additional 66 shares in the last quarter. TIAA Trust National Association increased its holdings in Simon Property Group by 3.9% in the 3rd quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock valued at $333,000 after acquiring an additional 67 shares during the last quarter. Finally, SageView Advisory Group LLC increased its holdings in Simon Property Group by 3.5% in the 2nd quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Insider Activity

In related news, Director Larry C. Glasscock purchased 363 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $67,518.00. Following the acquisition, the director 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Glyn Aeppel purchased 216 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, with a total value of $40,176.00. Following the completion of the transaction, the director owned 19,481 shares of the company’s stock, valued at $3,623,466. The trade was a 1.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 2,192 shares of company stock worth $407,712. Company insiders own 8.60% of the company’s stock.

Simon Property Group Stock Down 2.0%

Shares of NYSE:SPG opened at $177.93 on Wednesday. The company has a market cap of $57.82 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 5.98 and a beta of 1.36. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $205.12. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 4.42. The company has a 50-day moving average price of $192.53 and a 200 day moving average price of $185.90.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm posted $3.68 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, equities research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group declared that its board has approved a share repurchase program on Thursday, February 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $2.20 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.9%. Simon Property Group’s payout ratio is currently 62.06%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial increased their price objective on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Stifel Nicolaus lifted their target price on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, February 3rd. Scotiabank boosted their target price on Simon Property Group from $189.00 to $192.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Barclays increased their price target on Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $199.57.

Simon Property Group 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.