Danske Bank A S Invests $32.78 Million in Simon Property Group, Inc. $SPG

Danske Bank A S purchased a new position in Simon Property Group, Inc. (NYSE:SPG) during the 3rd quarter, Holdings Channel reports. The fund purchased 174,646 shares of the real estate investment trust’s stock, valued at approximately $32,776,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stance Capital LLC bought a new position in Simon Property Group in the 3rd quarter worth about $26,000. Silicon Valley Capital Partners purchased a new position in shares of Simon Property Group during the second quarter worth approximately $30,000. VSM Wealth Advisory LLC bought a new stake in shares of Simon Property Group during the second quarter valued at approximately $30,000. Atlantic Union Bankshares Corp raised its stake in shares of Simon Property Group by 143.0% during the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Simon Property Group in the third quarter valued at approximately $39,000. Institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In other news, Director Glyn Aeppel bought 216 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the purchase, the director directly owned 19,481 shares of the company’s stock, valued at approximately $3,623,466. The trade was a 1.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Larry C. Glasscock purchased 363 shares of the 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 $67,518.00. Following the transaction, the director owned 43,899 shares in the company, valued at $8,165,214. This trade represents a 0.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 2,192 shares of company stock worth $407,712 in the last three months. 8.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on SPG. Stifel Nicolaus raised their price objective on Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, February 3rd. Morgan Stanley set a $205.00 price target on Simon Property Group in a research report on Friday, January 16th. Barclays raised their price target on Simon Property Group from $188.00 to $193.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Truist Financial lifted their price objective on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Finally, 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 report on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $199.36.

Simon Property Group Stock Performance

Shares of SPG stock opened at $190.48 on Thursday. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $205.12. The business’s fifty day simple moving average is $192.60 and its 200-day simple moving average is $185.78. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 4.42. The company has a market cap of $61.90 billion, a PE ratio of 13.43, a PEG ratio of 6.28 and a beta of 1.36.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $3.68 EPS. The firm’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 expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

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

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $2.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.6%. Simon Property Group’s dividend payout ratio (DPR) is 62.06%.

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.