Simon Property Group, Inc. $SPG Stock: Sumitomo Mitsui DS Asset Management Company Ltd Increases Holdings

Key Points

• Sumitomo Mitsui DS Asset Management increased its Simon Property Group stake by 5.3% in the third quarter, bringing its holdings to 129,734 shares valued at approximately $26.0 million. Institutional investors collectively own 93.01% of SPG.
• SPG was trading at $202.49, below its 50-day and 200-day moving averages. The company reported quarterly revenue of $1.79 billion, though earnings per share of $1.49 missed estimates, and it maintains a $9.00 annual dividend yielding about 4.4%.
• Analysts maintain a consensus “Hold” rating with a $224.07 price target, while company insiders bought 1,668 shares worth $338,237 over the past three months.

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,734 shares of the real estate investment trust's stock after purchasing an additional 6,475 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Simon Property Group were worth $26,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ancora Advisors LLC acquired a new position in shares of Simon Property Group during the second quarter worth $27,000. Osbon Capital Management LLC purchased a new stake in shares of Simon Property Group during the 2nd quarter valued at $32,000. SHP Wealth Management acquired a new stake in shares of Simon Property Group in the 4th quarter worth $34,000. Fiduciary Financial Advisors acquired a new stake in shares of Simon Property Group in the 2nd quarter worth $34,000. Finally, Dynamic Wealth Strategies LLC boosted its position in shares of Simon Property Group by 195.8% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 139 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Trading Down 1.4%

NYSE SPG opened at $202.49 on Tuesday. The company has a fifty day simple moving average of $208.62 and a two-hundred day simple moving average of $210.83. The stock has a market cap of $65.52 billion, a P/E ratio of 14.28, a P/E/G ratio of 3.17 and a beta of 1.30. Simon Property Group, Inc. has a 12-month low of $172.19 and a 12-month high of $238.50. 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 (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 the consensus estimate of $1.64 by ($0.15). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, analysts forecast that Simon Property Group, Inc. will post 13.23 earnings per share for the current year.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were paid a $2.25 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.4%. Simon Property Group's dividend payout ratio (DPR) is 63.47%.

Insider Buying and Selling

In other news, Director Stefan M. Selig purchased 208 shares of the company's stock in a transaction on Wednesday, September 30th. The shares were acquired at an average price of $202.78 per share, for a total transaction of $42,178.24. Following the purchase, the director owned 34,020 shares in the company, valued at $6,898,575.60. This trade represents a 0.62% 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 Daniel C. Smith acquired 350 shares of the business's stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average cost of $202.78 per share, for a total transaction of $70,973.00. Following the completion of the acquisition, the director directly owned 34,830 shares of the company's stock, valued at approximately $7,062,827.40. This trade represents a 1.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 1,668 shares of company stock worth $338,237 over the last three months. Corporate insiders own 8.73% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. UBS Group dropped their target price on Simon Property Group from $222.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a "buy" rating to a "hold" rating and set a $220.00 price target for the company. in a research note on Thursday, July 9th. Jefferies Financial Group upgraded Simon Property Group to a "strong-buy" rating in a research note on Friday, June 26th. BNP Paribas Exane started coverage on Simon Property Group in a report on Friday, October 9th. They issued a "neutral" rating and a $222.00 price target for the company. Finally, Weiss Ratings lowered Simon Property Group from a "buy (a-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $224.07.

About Simon Property Group

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 other retail properties designed to serve both local shoppers and visitors.

The company's properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.

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