Simon Property Group, Inc. $SPG Shares Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG lifted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 98.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,112 shares of the real estate investment trust’s stock after acquiring an additional 3,035 shares during the period. Raiffeisen Bank International AG’s holdings in Simon Property Group were worth $1,136,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in Simon Property Group by 1.8% in the third 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 grew its stake in shares of 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 buying an additional 228,819 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Simon Property Group by 1.3% during the 2nd 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 purchased a new stake in shares of Simon Property Group during the 2nd quarter valued at about $1,051,262,000. Finally, JPMorgan Chase & Co. lifted its position in Simon Property Group by 34.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock worth $1,046,943,000 after acquiring an additional 1,660,188 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SPG shares. Stifel Nicolaus boosted their target price on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, February 3rd. Mizuho set a $192.00 price objective on shares of Simon Property Group in a report on Friday, January 9th. Citigroup raised their target price on Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Finally, Scotiabank increased their price target on Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $197.93.

Simon Property Group Trading Up 0.9%

NYSE SPG opened at $201.48 on Monday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.44 and a current ratio of 0.90. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $203.00. The company has a 50-day simple moving average of $188.83 and a 200-day simple moving average of $182.99. The firm has a market capitalization of $65.78 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 6.65 and a beta of 1.39.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted $3.68 earnings per share. Simon Property Group’s 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 analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors 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 dividend on an annualized basis and a yield of 4.4%. Simon Property Group’s payout ratio is currently 62.06%.

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

Insider Activity

In related news, Director Daniel C. Smith bought 347 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, with a total value of $64,542.00. Following the completion of the transaction, the director directly owned 32,680 shares of the company’s stock, valued at approximately $6,078,480. This represents a 1.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Glyn Aeppel bought 216 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the purchase, the director directly owned 19,481 shares of the company’s stock, valued at $3,623,466. The trade was a 1.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 2,192 shares of company stock worth $407,712 over the last 90 days. Insiders own 8.60% of the company’s stock.

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.