Simon Property Group, Inc. $SPG Holdings Raised by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Simon Property Group stake by 20,284.8% to 105.3 million shares, representing approximately 32.54% of the company and $23.5 billion in value. Institutional investors collectively own 93.01% of SPG.
• Analysts maintain a generally cautious outlook, with an average rating of “Hold” and a consensus price target of $228.14. Recent targets ranged from $207 to $236, while Jefferies upgraded the stock to “strong buy.”
• Simon Property Group reported quarterly EPS of $1.49, below the $1.64 consensus estimate, although revenue rose 19.5% year over year to $1.79 billion. The REIT declared a quarterly dividend of $2.25 per share, equivalent to a 4.3% annualized yield.

California State Teachers Retirement System boosted its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 20,284.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,279,435 shares of the real estate investment trust's stock after purchasing an additional 104,762,975 shares during the quarter. California State Teachers Retirement System owned approximately 32.54% of Simon Property Group worth $23,545,746,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SPG. Stance Capital LLC acquired a new stake in shares of Simon Property Group during the third quarter worth $26,000. Ancora Advisors LLC acquired a new position in shares of Simon Property Group in the 2nd quarter valued at about $27,000. Wilkerson Advisory Group LLC bought a new stake in shares of Simon Property Group during the 4th quarter valued at about $29,000. Osbon Capital Management LLC bought a new stake in shares of Simon Property Group during the 2nd quarter valued at about $32,000. Finally, SHP Wealth Management acquired a new stake in Simon Property Group during the fourth quarter worth about $34,000. Institutional investors own 93.01% of the company's stock.

Insider Buying and Selling at Simon Property Group

In related news, Director Glyn Aeppel bought 243 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the transaction, the director directly owned 21,067 shares of the company's stock, valued at approximately $4,705,525.12. This represents a 1.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Smith bought 372 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $223.31 per share, for a total transaction 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 position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SPG. Jefferies Financial Group upgraded Simon Property Group to a "strong-buy" rating in a research note on Friday, June 26th. JPMorgan Chase & Co. raised their price target on Simon Property Group from $210.00 to $217.00 and gave the stock a "neutral" rating in a report on Monday, June 1st. UBS Group boosted 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. Bank of America upped their price objective on Simon Property Group from $225.00 to $236.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Finally, Morgan Stanley increased their target price on Simon Property Group from $205.00 to $207.00 and gave the stock an "equal weight" rating in a research report on Tuesday, June 9th. 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $228.14.

Simon Property Group Stock Performance

Shares of NYSE SPG opened at $209.49 on Tuesday. 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 stock has a 50 day simple moving average of $222.17 and a 200-day simple moving average of $208.60. The company has a market cap of $67.78 billion, a PE ratio of 14.77, a P/E/G ratio of 3.16 and a beta of 1.28. 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 earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.15). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, September 9th. Simon Property Group's payout ratio is currently 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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