National Pension Service Increases Stock Holdings in Simon Property Group, Inc. $SPG

Key Points

• National Pension Service increased its Simon Property Group stake by 0.8% in the second quarter, adding 9,673 shares to own 1.22 million shares valued at approximately $273.5 million. Institutional investors collectively own 93.01% of SPG.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $228.14. Recent actions included a Jefferies upgrade to “strong buy,” while Wolfe Research downgraded the stock to “peer perform.”
• Simon Property Group reported quarterly EPS of $1.49, below the $1.64 consensus estimate, though revenue rose 19.5% year over year to $1.79 billion. The company declared a quarterly dividend of $2.25 per share, representing a 4.4% annualized yield.

National Pension Service increased its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,223,015 shares of the real estate investment trust's stock after buying an additional 9,673 shares during the quarter. National Pension Service owned 0.38% of Simon Property Group worth $273,527,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Legal & General Group Plc increased its position in shares of Simon Property Group by 3.3% during the 4th quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust's stock valued at $700,452,000 after purchasing an additional 122,186 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Simon Property Group by 3.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust's stock worth $111,950,000 after buying an additional 20,477 shares during the last quarter. L & S Advisors Inc purchased a new stake in Simon Property Group during the fourth quarter worth about $4,058,000. Northwestern Mutual Wealth Management Co. boosted its stake in Simon Property Group by 1,329.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust's stock valued at $86,723,000 after acquiring an additional 435,721 shares during the last quarter. Finally, Norges Bank purchased a new position in Simon Property Group in the fourth quarter valued at about $1,112,111,000. 93.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SPG shares. Evercore set a $215.00 price objective on Simon Property Group in a research note on Tuesday, July 7th. Wolfe Research downgraded Simon Property Group from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 30th. Jefferies Financial Group upgraded Simon Property Group to a "strong-buy" rating in a research note on Friday, June 26th. Citigroup upped their price target on Simon Property Group from $205.00 to $230.00 and gave the company a "neutral" rating in a research report on Monday, August 17th. Finally, Barclays increased their price target on Simon Property Group from $213.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Simon Property Group has a consensus rating of "Hold" and a consensus target price of $228.14.

Simon Property Group Price Performance

Simon Property Group stock opened at $204.47 on Thursday. The firm has a market capitalization of $66.16 billion, a P/E ratio of 14.42, a PEG ratio of 3.19 and a beta of 1.28. Simon Property Group, Inc. has a one year low of $172.19 and a one year high of $238.50. 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 business has a fifty day moving average price of $221.57 and a 200-day moving average price of $208.72.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) 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 analysts' expectations of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, equities research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group's dividend payout ratio is 63.47%.

Insiders Place Their Bets

In other Simon Property Group news, Director Marta R. Stewart acquired 182 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.16 per share, with a total value of $40,615.12. Following the completion of the purchase, the director owned 18,000 shares of the company's stock, valued at approximately $4,016,880. This represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Glyn Aeppel bought 243 shares of the firm's stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the purchase, the director directly owned 21,067 shares in the company, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 2,387 shares of company stock worth $533,056. Company insiders own 8.73% of the company's stock.

Simon Property Group Company 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 The Mills properties, serving consumers and retail tenants through a range of high-quality commercial properties.

The company generates revenue primarily by leasing retail and commercial space to national, regional and local retailers, restaurants and other businesses.

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