Public Employees Retirement System of Ohio Sells 6,809 Shares of Simon Property Group, Inc. $SPG

Public Employees Retirement System of Ohio reduced its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 476,989 shares of the real estate investment trust's stock after selling 6,809 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.15% of Simon Property Group worth $106,679,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Danske Bank A S raised its position in shares of Simon Property Group by 11.1% in the 4th quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust's stock worth $35,901,000 after acquiring an additional 19,300 shares in the last quarter. Legal & General Group Plc grew its stake in Simon Property Group by 3.3% in the fourth quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust's stock worth $700,452,000 after purchasing an additional 122,186 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Simon Property Group by 3.5% in 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 purchasing an additional 20,477 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings 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 worth $86,723,000 after purchasing an additional 435,721 shares in the last quarter. Finally, L & S Advisors Inc purchased a new position in Simon Property Group during the fourth quarter valued at $4,058,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Trading Down 1.0%

NYSE:SPG opened at $214.84 on Friday. The company has a market cap of $69.51 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 2.70 and a beta of 1.30. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. The company has a 50 day simple moving average of $223.46 and a two-hundred day simple moving average of $207.87. Simon Property Group, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 EPS 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 firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter last year, the company posted $1.70 EPS. The firm's revenue 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. Research analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently declared 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 yield of 4.2%. The ex-dividend date is Wednesday, September 9th. Simon Property Group's dividend payout ratio (DPR) is currently 63.47%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Simon Property Group from $194.00 to $209.00 and gave the company a "hold" rating in a report on Tuesday, August 11th. Jefferies Financial Group raised shares of Simon Property Group to a "strong-buy" rating in a research note on Friday, June 26th. Evercore set a $215.00 price objective on shares of Simon Property Group in a report on Tuesday, July 7th. Bank of America boosted their price target on Simon Property Group from $225.00 to $236.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Finally, Truist Financial lifted their price objective on Simon Property Group from $196.00 to $215.00 and gave the company a "hold" rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $225.27.

Insiders Place Their Bets

In other Simon Property Group news, Director Glyn Aeppel bought 243 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $223.36 per share, with a total value of $54,276.48. Following the completion of the acquisition, the director owned 21,067 shares in the company, valued at $4,705,525.12. This trade represents a 1.17% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Rodkin purchased 256 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the transaction, the director directly owned 21,016 shares of the company's stock, valued at $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 purchased 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company's stock.

Simon Property Group Company 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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