Danske Bank A S Takes Position in Simon Property Group, Inc. $SPG

Danske Bank A S acquired a new position in Simon Property Group, Inc. (NYSE:SPG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 174,646 shares of the real estate investment trust’s stock, valued at approximately $32,776,000. Danske Bank A S owned 0.05% of Simon Property Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. increased its position in Simon Property Group by 68.8% in the second quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock worth $20,081,000 after buying an additional 50,932 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of 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 valued at $12,521,000 after buying an additional 8,965 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Simon Property Group during the 3rd quarter valued at approximately $3,598,000. National Pension Service grew its stake in shares of Simon Property Group by 3.2% during the 3rd quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock valued at $202,743,000 after acquiring an additional 33,758 shares during the period. 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 acquiring an additional 252,510 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz bought 480 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, with a total value of $89,280.00. Following the completion of the purchase, the director owned 53,639 shares in the company, valued at $9,976,854. This represents a 0.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel C. Smith purchased 347 shares of Simon Property Group stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $64,542.00. Following the completion of the acquisition, the director owned 32,680 shares of the company’s stock, valued at approximately $6,078,480. This trade represents a 1.07% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 2,192 shares of company stock valued at $407,712. 8.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SPG shares. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a report on Friday, January 16th. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research note on Tuesday, February 3rd. Truist Financial raised their price objective on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Evercore lifted their target price 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, 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 research note on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $199.36.

Simon Property Group Price Performance

SPG stock opened at $190.48 on Thursday. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $205.12. The firm has a market capitalization of $61.90 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 6.28 and a beta of 1.36. The company has a fifty day simple moving average of $192.60 and a two-hundred day simple moving average of $185.78. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last posted 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. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

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

Simon Property Group Dividend Announcement

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

Simon Property Group Company 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.