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

Key Points

• Danske Bank A/S acquired 197,221 shares of Simon Property Group in the second quarter, valued at approximately $44.1 million. Institutional investors collectively own 93.01% of SPG, with BlackRock holding more than 37.2 million shares.
• SPG shares opened at $223.20, while the company reported quarterly revenue of $1.79 billion, up 19.5% year over year, though earnings per share of $1.49 missed analyst expectations of $1.64.
• Simon Property Group declared a quarterly dividend of $2.25 per share, equivalent to $9.00 annually and a 4.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $222.87.

Danske Bank A S bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 197,221 shares of the real estate investment trust's stock, valued at approximately $44,108,000. Danske Bank A S owned about 0.06% of Simon Property Group at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Simon Property Group during the 4th quarter valued at $1,112,111,000. Wellington Management Group LLP lifted its position in Simon Property Group by 7.7% during the fourth quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust's stock valued at $1,469,748,000 after purchasing an additional 569,772 shares in the last quarter. Bank of America Corp DE grew its holdings in Simon Property Group by 6.1% during 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 purchasing an additional 491,519 shares during the period. Cardano Risk Management B.V. purchased a new stake in Simon Property Group in the second quarter worth about $104,281,000. Finally, BlackRock Inc. increased its position in Simon Property Group by 1.2% in 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. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Trading Up 1.2%

Simon Property Group stock opened at $223.20 on Thursday. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50. The firm's 50 day moving average price is $222.96 and its 200-day moving average price is $206.84. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $72.22 billion, a P/E ratio of 15.74, a PEG ratio of 2.75 and a beta of 1.30.

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

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group's dividend payout ratio is 63.47%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPG. UBS Group lifted their price objective on Simon Property Group from $199.00 to $222.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. LADENBURG THALM/SH SH increased their target price on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Wolfe Research cut shares of Simon Property Group from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 30th. Weiss Ratings upgraded shares of Simon Property Group from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, August 12th. Finally, Evercore set a $215.00 price objective on shares of Simon Property Group in a research note on Tuesday, July 7th. Two 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $222.87.

Insider Activity

In other news, Director Daniel C. Smith bought 372 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $223.31 per share, with a total value of $83,071.32. Following the completion of the acquisition, the director owned 34,480 shares of the company's stock, valued at $7,699,728.80. This trade represents a 1.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Rodkin bought 256 shares of Simon Property Group stock in a transaction dated 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 acquisition, the director directly owned 21,016 shares of the company's stock, valued at approximately $4,693,713.44. The trade was a 1.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by corporate insiders.

Simon Property Group 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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