Simon Property Group, Inc. $SPG Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB increased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,810 shares of the real estate investment trust’s stock after acquiring an additional 3,029 shares during the quarter. Nordea Investment Management AB’s holdings in Simon Property Group were worth $6,113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPG. New Republic Capital LLC bought a new stake in shares of Simon Property Group in the 3rd quarter worth approximately $211,000. Sumitomo Mitsui Trust Group Inc. increased its position in Simon Property Group by 1.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,529,175 shares of the real estate investment trust’s stock worth $286,980,000 after buying an additional 25,990 shares during the period. First Horizon Corp bought a new stake in Simon Property Group in the third quarter valued at $99,000. MGO One Seven LLC lifted its stake in Simon Property Group by 265.3% in the third quarter. MGO One Seven LLC now owns 10,370 shares of the real estate investment trust’s stock valued at $1,946,000 after buying an additional 7,531 shares during the last quarter. Finally, Tema Etfs LLC acquired a new position in shares of Simon Property Group during the third quarter valued at $1,840,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SPG shares. Truist Financial lifted their price objective on shares of Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a research report on Wednesday, December 17th. Evercore ISI raised their price target on shares of Simon Property Group from $187.00 to $188.00 and gave the company an “in-line” rating in a research note on Friday, October 17th. UBS Group boosted their price objective on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Finally, Citigroup boosted their price target on Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $193.85.

Simon Property Group Stock Performance

Shares of NYSE SPG opened at $184.94 on Friday. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $190.13. The firm has a market cap of $60.38 billion, a P/E ratio of 26.92, a PEG ratio of 8.81 and a beta of 1.37. The stock has a fifty day moving average price of $184.11 and a two-hundred day moving average price of $177.98. The company has a debt-to-equity ratio of 9.59, a quick ratio of 1.44 and a current ratio of 1.44.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.13. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the firm posted $3.05 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were given a dividend of $2.20 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.15. The ex-dividend date was Wednesday, December 10th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.8%. Simon Property Group’s payout ratio is currently 128.09%.

Insider Buying and Selling at Simon Property Group

In related news, Director Reuben S. Leibowitz purchased 480 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the transaction, the director directly owned 53,639 shares of the company’s stock, valued at $9,976,854. This trade represents a 0.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Larry C. Glasscock purchased 363 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, for a total transaction of $67,518.00. Following the purchase, the director directly owned 43,899 shares in the company, valued at $8,165,214. This represents a 0.83% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 2,192 shares of company stock worth $407,712. 8.66% of the stock is owned by insiders.

About Simon Property Group

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.