Bank Julius Baer & Co. Ltd Zurich Acquires 5,888 Shares of Simon Property Group, Inc. $SPG

Key Points

• Bank Julius Baer increased its Simon Property Group stake by 13.4% in the third quarter, purchasing 5,888 additional shares and bringing its holdings to 49,800 shares valued at approximately $10 million. Institutional investors and hedge funds collectively own 93.01% of SPG.
• Analysts maintain a generally neutral outlook, with a consensus “Hold” rating and an average price target of $224.07. Recent targets range from $208 to $226.
• SPG shares opened at $221.94, while the company reported $1.49 in quarterly EPS—below expectations—but revenue rose 19.5% year over year. Simon also pays a quarterly dividend of $2.25, equivalent to a 4.1% annualized yield.

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 13.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,800 shares of the real estate investment trust's stock after purchasing an additional 5,888 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Simon Property Group were worth $10,001,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SPG. BlackRock Inc. grew its position in shares of Simon Property Group by 1.2% during the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust's stock worth $8,335,255,000 after buying an additional 455,543 shares in the last quarter. Wellington Management Group LLP raised its holdings in Simon Property Group by 2.7% in the second quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust's stock valued at $2,100,146,000 after acquiring an additional 242,709 shares in the last quarter. Bank of America Corp DE raised its holdings in Simon Property Group by 6.1% in the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust's stock valued at $1,586,089,000 after acquiring an additional 491,519 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Simon Property Group by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust's stock valued at $859,209,000 after acquiring an additional 105,524 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Simon Property Group by 13,579.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust's stock valued at $806,167,000 after acquiring an additional 3,578,240 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPG has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Simon Property Group from $215.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, September 28th. Truist Financial assumed coverage on shares of Simon Property Group in a research note on Friday, October 2nd. They issued a "hold" rating and a $215.00 target price on the stock. Mizuho increased their price target on shares of Simon Property Group from $211.00 to $226.00 and gave the stock a "neutral" rating in a research report on Thursday, August 27th. Evercore set a $216.00 price target on Simon Property Group in a research note on Monday, September 21st. Finally, Weiss Ratings downgraded Simon Property Group from a "buy (a-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $224.07.

Simon Property Group Stock Performance

Shares of SPG opened at $221.94 on Tuesday. The stock has a market capitalization of $71.81 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 3.25 and a beta of 1.30. The business's fifty day moving average price is $207.28 and its 200 day moving average price is $205.91. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. Simon Property Group, Inc. has a 12-month low of $173.80 and a 12-month high of $238.50.

Simon Property Group (NYSE:SPG - Get Free Report) last released its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm earned $1.70 EPS. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post 13.24 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Wednesday, September 9th. Simon Property Group's payout ratio is presently 63.47%.

Insider Buying and Selling

In related news, Director Daniel Smith bought 350 shares of the stock in a transaction dated Wednesday, September 30th. The stock was bought at an average cost of $202.78 per share, with a total value of $70,973.00. Following the completion of the acquisition, the director owned 34,830 shares of the company's stock, valued at $7,062,827.40. This trade represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Rodkin bought 232 shares of the stock in a transaction dated Wednesday, September 30th. The shares were bought at an average cost of $202.78 per share, with a total value of $47,044.96. Following the completion of the acquisition, the director directly owned 21,248 shares of the company's stock, valued at approximately $4,308,669.44. The trade was a 1.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 1,668 shares of company stock valued at $338,237 over the last 90 days. 8.73% of the stock is owned by corporate insiders.

Simon Property Group Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company's properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.

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