Nykredit A S Invests $25.19 Million in Simon Property Group, Inc. $SPG

Key Points

• Nykredit A/S acquired 112,614 shares of Simon Property Group during the second quarter, worth approximately $25.19 million. Institutional investors collectively own 93.01% of SPG’s outstanding shares.
• Simon Property Group reported quarterly revenue of $1.79 billion, up 19.5% year over year, but earnings of $1.49 per share fell short of analysts’ $1.64 estimate. Analysts maintain a consensus “Hold” rating with a $225.27 price target.
• The REIT declared a quarterly dividend of $2.25 per share, equivalent to $9.00 annually and a 4.3% yield, payable September 30 to shareholders of record on September 9.

Nykredit A S bought a new position in Simon Property Group, Inc. (NYSE:SPG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 112,614 shares of the real estate investment trust's stock, valued at approximately $25,186,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPG. PFG Investments LLC grew its holdings in Simon Property Group by 2.2% in the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust's stock worth $437,000 after acquiring an additional 50 shares during the last quarter. WPG Advisers LLC increased its position in shares of Simon Property Group by 40.3% in the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 52 shares during the period. Great Valley Advisor Group Inc. raised its stake in shares of Simon Property Group by 2.3% during the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust's stock valued at $437,000 after acquiring an additional 52 shares during the last quarter. Veridan Wealth LLC raised its stake in shares of Simon Property Group by 1.2% during the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust's stock valued at $845,000 after acquiring an additional 53 shares during the last quarter. Finally, CYBER HORNET ETFs LLC boosted its holdings in shares of Simon Property Group by 6.2% during the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust's stock worth $173,000 after purchasing an additional 55 shares during the period. 93.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Reuben Leibowitz bought 508 shares of the firm's stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.38 per share, with a total value of $113,477.04. Following the transaction, the director owned 55,797 shares of the company's stock, valued at approximately $12,463,933.86. The trade was a 0.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Smith bought 372 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.31 per share, with a total value of $83,071.32. Following the purchase, the director owned 34,480 shares in the company, valued at $7,699,728.80. This trade represents a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 2,387 shares of company stock worth $533,056. Company insiders own 8.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley raised their target price on Simon Property Group from $205.00 to $207.00 and gave the stock an "equal weight" rating in a research note on Tuesday, June 9th. Jefferies Financial Group upgraded Simon Property Group to a "strong-buy" rating in a report on Friday, June 26th. Truist Financial lifted their price objective on Simon Property Group from $196.00 to $215.00 and gave the stock a "hold" rating in a research report on Tuesday, June 23rd. Scotiabank lifted their price objective on Simon Property Group from $220.00 to $222.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 20th. Finally, UBS Group boosted their target price on Simon Property Group from $199.00 to $222.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, Simon Property Group has an average rating of "Hold" and a consensus target price of $225.27.

Simon Property Group Trading Up 0.5%

Shares of SPG opened at $211.23 on Friday. The firm's 50-day moving average price is $222.89 and its 200-day moving average price is $208.46. The firm has a market capitalization of $68.35 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 3.17 and a beta of 1.28. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a 1-year low of $172.19 and a 1-year high of $238.50.

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings results 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). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the company earned $1.70 earnings per share. Simon Property Group's quarterly revenue 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. Sell-side analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Announces Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.3%. Simon Property Group's dividend payout ratio is 63.47%.

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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