UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $603.97 Million Stock Holdings in Simon Property Group, Inc. $SPG

Key Points

• UBS Asset Management increased its holdings in Simon Property Group by 6.6% in the first quarter, acquiring an additional 225,518 shares valued at approximately $603.97 million.
• Insider trading activity showed Director Larry C. Glasscock purchasing 396 shares, boosting his total holdings to over $6.87 million, and Director Stefan M. Selig acquiring 219 shares valued at about $5.08 million.
• Simon Property Group announced a quarterly dividend increase to $2.15 per share, reflecting an annual yield of 4.8%, with a payout ratio of 132.92% and a $1.50 billion revenue report, exceeding analysts' expectations.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,636,637 shares of the real estate investment trust's stock after acquiring an additional 225,518 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.11% of Simon Property Group worth $603,973,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Palogic Value Management L.P. lifted its stake in Simon Property Group by 7.9% in the 1st quarter. Palogic Value Management L.P. now owns 8,798 shares of the real estate investment trust's stock valued at $1,461,000 after acquiring an additional 641 shares in the last quarter. Zimmer Partners LP increased its position in shares of Simon Property Group by 250.0% during the 1st quarter. Zimmer Partners LP now owns 87,500 shares of the real estate investment trust's stock worth $14,532,000 after purchasing an additional 62,500 shares during the last quarter. Empowered Funds LLC increased its position in shares of Simon Property Group by 20.1% during the 1st quarter. Empowered Funds LLC now owns 49,743 shares of the real estate investment trust's stock worth $8,261,000 after purchasing an additional 8,341 shares during the last quarter. MBB Public Markets I LLC acquired a new position in shares of Simon Property Group during the 1st quarter worth approximately $303,000. Finally, Ascent Group LLC increased its position in shares of Simon Property Group by 24.2% during the 1st quarter. Ascent Group LLC now owns 3,324 shares of the real estate investment trust's stock worth $552,000 after purchasing an additional 647 shares during the last quarter. Institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Performance

Shares of SPG stock traded down $1.23 during trading on Friday, reaching $182.68. 1,547,320 shares of the company's stock were exchanged, compared to its average volume of 1,638,808. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 9.05. The stock has a market capitalization of $59.64 billion, a PE ratio of 28.23, a PEG ratio of 11.14 and a beta of 1.50. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $190.13. The firm's fifty day moving average price is $170.73 and its 200-day moving average price is $164.42.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $3.05 earnings per share for the quarter, topping analysts' consensus estimates of $3.04 by $0.01. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.40 billion. Simon Property Group had a return on equity of 72.38% and a net margin of 36.78%.The firm's revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.90 EPS. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. As a group, sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be issued a $2.15 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $8.60 dividend on an annualized basis and a yield of 4.7%. This is a positive change from Simon Property Group's previous quarterly dividend of $2.10. Simon Property Group's payout ratio is currently 132.92%.

Insider Transactions at Simon Property Group

In other news, Director Gary M. Rodkin acquired 246 shares of the firm's stock in a transaction on Monday, June 30th. The shares were purchased at an average cost of $159.29 per share, with a total value of $39,185.34. Following the acquisition, the director directly owned 19,010 shares in the company, valued at $3,028,102.90. This represents a 1.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Glyn Aeppel acquired 234 shares of the firm's stock in a transaction on Monday, June 30th. The stock was purchased at an average cost of $159.29 per share, for a total transaction of $37,273.86. Following the completion of the acquisition, the director owned 19,057 shares in the company, valued at approximately $3,035,589.53. This represents a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,428 shares of company stock worth $387,271. 8.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SPG shares. Mizuho lowered their price target on Simon Property Group from $182.00 to $169.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 10th. Piper Sandler lowered their price target on Simon Property Group from $205.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price target on Simon Property Group from $180.00 to $184.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. Truist Financial boosted their price target on Simon Property Group from $168.00 to $169.00 and gave the stock a "hold" rating in a research report on Monday, August 25th. Finally, Morgan Stanley boosted their price target on Simon Property Group from $170.00 to $180.00 and gave the stock an "equal weight" rating in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $184.54.

About Simon Property Group

Simon Property Group, Inc NYSE: SPG is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.