E. Ohman J or Asset Management AB Trims Stake in Simon Property Group, Inc. $SPG

E. Ohman J or Asset Management AB lowered its position in Simon Property Group, Inc. (NYSE:SPG) by 21.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,029 shares of the real estate investment trust’s stock after selling 3,071 shares during the period. E. Ohman J or Asset Management AB’s holdings in Simon Property Group were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SPG. Colonial Trust Co SC raised its holdings in shares of Simon Property Group by 25.7% in the third quarter. Colonial Trust Co SC now owns 318 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 65 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Simon Property Group by 4.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,582 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 65 shares during the last quarter. Howard Capital Management Inc. boosted its holdings in Simon Property Group by 3.1% during the 3rd quarter. Howard Capital Management Inc. now owns 2,175 shares of the real estate investment trust’s stock valued at $408,000 after acquiring an additional 66 shares during the period. TIAA Trust National Association grew its position in Simon Property Group by 3.9% in the 3rd quarter. TIAA Trust National Association now owns 1,774 shares of the real estate investment trust’s stock valued at $333,000 after acquiring an additional 67 shares during the last quarter. Finally, SageView Advisory Group LLC grew its position in Simon Property Group by 3.5% in the 2nd quarter. SageView Advisory Group LLC now owns 2,080 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SPG shares. Morgan Stanley set a $205.00 target price on Simon Property Group in a research report on Friday, January 16th. Scotiabank upped their price target on shares of Simon Property Group from $189.00 to $192.00 and gave the stock a “sector perform” rating in a report on Tuesday. Mizuho set a $192.00 price target on shares of Simon Property Group in a research note on Friday, January 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Finally, UBS Group boosted their price objective on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and an average target price of $199.57.

Insider Activity at Simon Property Group

In related news, Director Daniel C. Smith purchased 347 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, with a total value of $64,542.00. Following the completion of the acquisition, the director owned 32,680 shares of the company’s stock, valued at $6,078,480. The trade was a 1.07% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Glyn Aeppel acquired 216 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, for a total transaction of $40,176.00. Following the purchase, the director directly owned 19,481 shares in the company, valued at approximately $3,623,466. This trade represents a 1.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 2,192 shares of company stock valued at $407,712 in the last 90 days. 8.60% of the stock is currently owned by corporate insiders.

Simon Property Group Stock Performance

SPG opened at $177.93 on Wednesday. The company has a market cap of $57.82 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 5.98 and a beta of 1.36. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. The firm’s 50-day moving average price is $192.53 and its 200-day moving average price is $185.90. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $205.12.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $3.68 EPS. The firm’s quarterly revenue 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. As a group, equities analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 4.9%. The ex-dividend date is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Simon Property Group declared that its board has authorized a share repurchase plan 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 buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.