California Public Employees Retirement System Has $108.75 Million Stock Holdings in Simon Property Group, Inc. $SPG

California Public Employees Retirement System raised its holdings in Simon Property Group, Inc. (NYSE:SPG) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 579,458 shares of the real estate investment trust’s stock after acquiring an additional 19,608 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Simon Property Group worth $108,747,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. VSM Wealth Advisory LLC acquired a new position in shares of Simon Property Group during the second quarter worth $30,000. Silicon Valley Capital Partners acquired a new stake in Simon Property Group in the second quarter valued at $30,000. Bell Investment Advisors Inc raised its position in Simon Property Group by 205.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 146 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in Simon Property Group during the 3rd quarter worth about $39,000. Finally, Atlantic Union Bankshares Corp lifted its holdings in Simon Property Group by 143.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 123 shares during the period. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Up 1.3%

Shares of Simon Property Group stock opened at $189.32 on Tuesday. The stock has a market capitalization of $61.52 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 6.16 and a beta of 1.35. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $205.12. The stock has a 50 day moving average price of $192.39 and a two-hundred day moving average price of $185.68. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90.

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 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 prior year, the firm earned $3.68 earnings per share. Simon Property Group’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 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a dividend of $2.20 per share. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 annualized dividend and a yield of 4.6%. Simon Property Group’s dividend payout ratio is presently 62.06%.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Mizuho set a $192.00 price target on Simon Property Group in a research report on Friday, January 9th. Barclays increased their target price on shares of Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Scotiabank raised their price target on shares of Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Evercore upped their price objective on shares of Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research note on Tuesday, February 3rd. Finally, Morgan Stanley set a $205.00 price objective on shares of Simon Property Group in a research report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $199.36.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Glyn Aeppel bought 216 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, with a total value of $40,176.00. Following the completion of the transaction, the director directly owned 19,481 shares in the company, valued at approximately $3,623,466. The trade was a 1.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Reuben S. Leibowitz bought 480 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the acquisition, 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 SEC filing for this purchase provides additional information. In the last three months, insiders purchased 2,192 shares of company stock valued at $407,712. Corporate 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.