81,349 Shares in Simon Property Group, Inc. $SPG Bought by Varma Mutual Pension Insurance Co

Key Points

• Varma Mutual Pension Insurance Co. bought a new 81,349-share stake in Simon Property Group worth approximately $18.2 million. Institutional investors collectively own 93.01% of SPG, while insiders have also purchased shares recently.
• Simon reported quarterly revenue of $1.79 billion, up 19.5% year over year and above expectations, but earnings of $1.49 per share missed the $1.64 consensus estimate. Analysts maintain an overall “Hold” rating with an average price target of $223.
• The company declared a quarterly dividend of $2.25 per share, equivalent to $9.00 annually and a 4.1% yield. SPG recently opened at $218.52, with a market capitalization of about $70.7 billion.

Varma Mutual Pension Insurance Co bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 81,349 shares of the real estate investment trust's stock, valued at approximately $18,194,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Stance Capital LLC purchased a new stake in Simon Property Group in the 3rd quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of Simon Property Group during the fourth quarter valued at about $29,000. SHP Wealth Management purchased a new position in shares of Simon Property Group during the fourth quarter valued at about $34,000. Dynamic Wealth Strategies LLC increased its holdings in shares of Simon Property Group by 195.8% in the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 139 shares during the last quarter. Finally, N.E.W. Advisory Services LLC increased its holdings in shares of Simon Property Group by 335.0% in the second quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 134 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Reuben S. Leibowitz purchased 508 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the acquisition, the director owned 55,797 shares of the company's stock, valued at approximately $12,463,933.86. This trade represents a 0.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary M. Rodkin acquired 256 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the transaction, the director directly owned 21,016 shares in the company, valued at $4,693,713.44. This trade represents a 1.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 2,387 shares of company stock worth $533,056 in the last 90 days. Company insiders own 8.73% of the company's stock.

Simon Property Group Stock Performance

NYSE:SPG opened at $218.52 on Friday. The firm has a market capitalization of $70.70 billion, a PE ratio of 15.41, a PEG ratio of 2.72 and a beta of 1.30. The stock's fifty day moving average is $223.06 and its 200 day moving average is $207.13. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same period in the previous year, the firm earned $1.70 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, sell-side analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. Simon Property Group's payout ratio is currently 63.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Simon Property Group from $210.00 to $217.00 and gave the stock a "neutral" rating in a research report on Monday, June 1st. Scotiabank raised their price target on Simon Property Group from $220.00 to $222.00 and gave the company a "sector perform" rating in a report on Thursday. Evercore set a $215.00 price objective on Simon Property Group in a research note on Tuesday, July 7th. Truist Financial upped their price objective on Simon Property Group from $196.00 to $215.00 and gave the stock a "hold" rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings upgraded Simon Property Group from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $223.00.

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.

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