Czech National Bank Buys 3,164 Shares of Simon Property Group, Inc. $SPG

Czech National Bank grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,084 shares of the real estate investment trust’s stock after purchasing an additional 3,164 shares during the period. Czech National Bank’s holdings in Simon Property Group were worth $15,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPG. Federated Hermes Inc. lifted its stake in shares of Simon Property Group by 68.8% in the 2nd quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock valued at $20,081,000 after acquiring an additional 50,932 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Simon Property Group by 15.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust’s stock worth $12,521,000 after acquiring an additional 8,965 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Simon Property Group during the 3rd quarter worth $3,598,000. National Pension Service increased its holdings in Simon Property Group by 3.2% in the 3rd quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock worth $202,743,000 after purchasing an additional 33,758 shares in the last quarter. Finally, Aew Capital Management L P increased its holdings in Simon Property Group by 90.9% in the 3rd quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock worth $99,494,000 after purchasing an additional 252,510 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Simon Property Group

In other news, Director Reuben S. Leibowitz purchased 480 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, with a total value of $89,280.00. Following the completion of the transaction, the director owned 53,639 shares of the company’s stock, valued at $9,976,854. The trade was a 0.90% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Glyn Aeppel purchased 216 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, with a total value of $40,176.00. Following the completion of the acquisition, the director owned 19,481 shares in the company, valued at approximately $3,623,466. This trade represents a 1.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 2,192 shares of company stock valued at $407,712 over the last three months. 8.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on SPG. Deutsche Bank Aktiengesellschaft raised Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Tuesday, January 20th. Piper Sandler reiterated an “overweight” rating and issued a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Citigroup lifted their target price on shares of Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Barclays boosted their target price on shares of Simon Property Group from $188.00 to $193.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Finally, UBS Group raised their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Simon Property Group has an average rating of “Hold” and an average price target of $199.57.

Simon Property Group Trading Up 0.2%

Shares of SPG stock opened at $181.86 on Friday. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year 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 stock has a market cap of $59.09 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 5.98 and a beta of 1.36. The stock has a 50-day moving average of $192.44 and a 200-day moving average of $185.85.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $3.68 earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Simon Property Group Dividend Announcement

The company also recently disclosed 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 is Tuesday, March 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.8%. Simon Property Group’s dividend payout ratio is 62.06%.

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.