Avanza Fonder AB Buys 4,643 Shares of Simon Property Group, Inc. $SPG

Avanza Fonder AB boosted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 19.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,440 shares of the real estate investment trust’s stock after buying an additional 4,643 shares during the period. Avanza Fonder AB’s holdings in Simon Property Group were worth $5,265,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its stake in shares of Simon Property Group by 266.5% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,367 shares of the real estate investment trust’s stock worth $253,000 after acquiring an additional 994 shares during the last quarter. 180 Wealth Advisors LLC bought a new position in shares of Simon Property Group in the fourth quarter worth about $347,000. Tompkins Financial Corp purchased a new position in Simon Property Group in the 4th quarter worth about $42,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Simon Property Group by 6.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 34,234 shares of the real estate investment trust’s stock valued at $6,384,000 after buying an additional 2,210 shares in the last quarter. Finally, Gryphon Financial Partners LLC lifted its holdings in Simon Property Group by 19.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,550 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 418 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Barclays lifted their price objective on shares of Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Stifel Nicolaus boosted 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. Finally, Piper Sandler restated an “overweight” rating and set a $230.00 target price (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and a consensus target price of $199.36.

Insider Activity

In other Simon Property Group news, Director Glyn Aeppel purchased 216 shares of the stock in a transaction on Wednesday, December 31st. The stock was 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 $3,623,466. The trade was a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gary M. Rodkin purchased 226 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, for a total transaction of $42,036.00. Following the purchase, the director directly owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. The trade was a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 2,192 shares of company stock worth $407,712 over the last quarter. Company insiders own 8.60% of the company’s stock.

Simon Property Group Stock Performance

SPG stock opened at $181.62 on Tuesday. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $205.12. The firm has a market cap of $59.02 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 6.08 and a beta of 1.35. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a 50-day simple moving average of $192.66 and a two-hundred day simple moving average of $185.93.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data 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 the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $3.68 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. 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 EPS 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. Stockholders of record on Tuesday, March 10th will be given a $2.20 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.8%. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

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

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.