Aster Capital Management DIFC Ltd Purchases Shares of 9,419 Simon Property Group, Inc. $SPG

Aster Capital Management DIFC Ltd acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG) in the third quarter, HoldingsChannel.com reports. The firm acquired 9,419 shares of the real estate investment trust’s stock, valued at approximately $1,768,000. Simon Property Group accounts for 0.9% of Aster Capital Management DIFC Ltd’s investment portfolio, making the stock its 19th biggest holding.

Several other large investors also recently modified their holdings of SPG. Federated Hermes Inc. lifted its position in Simon Property Group by 68.8% during the second quarter. Federated Hermes Inc. now owns 124,912 shares of the real estate investment trust’s stock worth $20,081,000 after acquiring an additional 50,932 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Simon Property Group by 15.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,720 shares of the real estate investment trust’s stock worth $12,521,000 after purchasing an additional 8,965 shares during the period. National Pension Service lifted its holdings in Simon Property Group by 3.2% during the 3rd quarter. National Pension Service now owns 1,080,314 shares of the real estate investment trust’s stock worth $202,743,000 after purchasing an additional 33,758 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Simon Property Group in the 3rd quarter valued at $3,598,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Simon Property Group by 8.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 119,798 shares of the real estate investment trust’s stock valued at $22,482,000 after purchasing an additional 9,267 shares during the period. 93.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho set a $192.00 price objective on Simon Property Group in a research report on Friday, January 9th. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research report on Friday, January 16th. Stifel Nicolaus lifted their price objective on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a research note on Tuesday, February 3rd. UBS Group increased their target price on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Citigroup lifted their price target on shares of Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and an average target price of $197.93.

Insider Activity

In related news, Director Reuben S. Leibowitz purchased 480 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the transaction, the director owned 53,639 shares of the company’s stock, valued at approximately $9,976,854. This represents a 0.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel C. Smith bought 347 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $64,542.00. Following the transaction, the director directly owned 32,680 shares in the company, valued at approximately $6,078,480. This trade represents a 1.07% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 2,192 shares of company stock worth $407,712. 8.66% of the stock is owned by corporate insiders.

Simon Property Group Price Performance

Shares of SPG opened at $202.68 on Friday. The company has a quick ratio of 1.44, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. The stock has a market cap of $66.17 billion, a PE ratio of 14.29, a PEG ratio of 6.64 and a beta of 1.39. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $204.05. The business has a 50-day simple moving average of $190.18 and a two-hundred day simple moving average of $183.73.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. Simon Property Group had a return on equity of 124.12% and a net margin of 72.71%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm posted $3.68 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.3%. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

Simon Property Group announced that its Board of Directors has approved a stock repurchase program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.