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

Key Points

• Nykredit A/S acquired 112,614 shares of Simon Property Group in the second quarter, representing a position valued at approximately $25.19 million. Institutional investors and hedge funds collectively own 93.01% of SPG.
• Simon Property Group reported quarterly revenue of $1.79 billion, up 19.5% year over year, but earnings per share of $1.49 fell short of analysts’ $1.64 consensus estimate. The company maintained fiscal 2026 EPS guidance of $13.20–$13.30.
• The REIT declared a quarterly dividend of $2.25 per share, or $9.00 annually, producing a 4.4% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $228.36.

Nykredit A S bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 112,614 shares of the real estate investment trust's stock, valued at approximately $25,186,000.

Several other hedge funds have also recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in shares of Simon Property Group by 3.3% in 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 period. Nomura Asset Management Co. Ltd. boosted its position in shares of 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 period. Norges Bank acquired a new position in shares of Simon Property Group during the fourth quarter worth about $1,112,111,000. Chilton Capital Management LLC grew its holdings in shares of Simon Property Group by 596.3% during the second quarter. Chilton Capital Management LLC now owns 46,999 shares of the real estate investment trust's stock worth $10,511,000 after buying an additional 40,249 shares in the last quarter. Finally, Amundi grew its holdings in shares of Simon Property Group by 19.0% during the first quarter. Amundi now owns 1,990,741 shares of the real estate investment trust's stock worth $371,334,000 after buying an additional 317,901 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Stock Performance

SPG opened at $205.16 on Friday. The business's 50-day simple moving average is $218.96 and its 200 day simple moving average is $208.82. Simon Property Group, Inc. has a 52-week low of $172.19 and a 52-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. The firm has a market capitalization of $66.38 billion, a PE ratio of 14.47, a PEG ratio of 3.09 and a beta of 1.28.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly 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). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. The firm's revenue for the quarter 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. As a group, sell-side analysts expect that Simon Property Group, Inc. will post 13.23 earnings per share for the current fiscal 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 is Wednesday, September 9th. Simon Property Group's payout ratio is presently 63.47%.

Analysts Set New Price Targets

Several equities research analysts have commented on SPG shares. Stifel Nicolaus boosted their target price on Simon Property Group from $194.00 to $209.00 and gave the company a "hold" rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of Simon Property Group from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the company a "neutral" rating in a report on Monday, June 1st. LADENBURG THALM/SH SH boosted their price objective on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Finally, Piper Sandler increased their target price on shares of Simon Property Group from $230.00 to $285.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Simon Property Group currently has a consensus rating of "Hold" and an average price target of $228.36.

Insider Activity

In other news, Director Gary M. Rodkin acquired 256 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the purchase, the director directly owned 21,016 shares of the company's stock, valued at approximately $4,693,713.44. This trade represents a 1.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marta R. Stewart bought 182 shares of the company's stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the completion of the acquisition, the director owned 18,000 shares in the company, valued at $4,016,880. This trade represents a 1.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 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 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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