Lansforsakringar Fondforvaltning AB publ Acquires 4,043 Shares of Simon Property Group, Inc. $SPG

Lansforsakringar Fondforvaltning AB publ raised its holdings in Simon Property Group, Inc. (NYSE:SPG) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,404 shares of the real estate investment trust’s stock after buying an additional 4,043 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Simon Property Group were worth $19,406,000 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 the business. Norges Bank acquired a new position in Simon Property Group during the 2nd quarter valued at about $1,051,262,000. JPMorgan Chase & Co. boosted its position in shares of 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 valued at $1,046,943,000 after buying an additional 1,660,188 shares during the last quarter. Vanguard Group Inc. grew its holdings in Simon Property Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock worth $8,761,093,000 after buying an additional 844,190 shares in the last quarter. State Street Corp raised its position in Simon Property Group by 1.1% in the 2nd 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 during the last quarter. Finally, Aviva PLC raised its position in Simon Property Group by 698.3% in the 2nd quarter. Aviva PLC now owns 243,931 shares of the real estate investment trust’s stock valued at $39,214,000 after buying an additional 213,374 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPG has been the subject of several recent analyst reports. Mizuho set a $192.00 target price on shares of Simon Property Group in a research note on Friday, January 9th. Stifel Nicolaus boosted their price target on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, February 3rd. 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 research note on Tuesday, January 20th. Citigroup boosted their target price on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, Scotiabank boosted their price objective on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $197.93.

Simon Property Group Trading Up 0.9%

Shares of Simon Property Group stock opened at $201.48 on Monday. The company’s 50-day moving average price is $188.83 and its 200-day moving average price is $182.99. 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 12-month low of $136.34 and a 12-month high of $203.00. The company has a market cap of $65.78 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 6.65 and a beta of 1.39.

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

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is currently 62.06%.

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

Insider Buying and Selling at Simon Property Group

In other news, Director Glyn Aeppel acquired 216 shares of Simon Property Group stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, for a total transaction of $40,176.00. Following the transaction, the director owned 19,481 shares of the company’s stock, valued at $3,623,466. This trade represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Reuben S. Leibowitz bought 480 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, with a total value of $89,280.00. Following the transaction, the director directly owned 53,639 shares in the company, valued at $9,976,854. The trade was a 0.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 2,192 shares of company stock valued at $407,712. 8.60% of the stock is currently owned by company insiders.

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.