BI Asset Management Fondsmaeglerselskab A S Buys 29,579 Shares of Simon Property Group, Inc. $SPG

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 205.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,992 shares of the real estate investment trust’s stock after acquiring an additional 29,579 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Simon Property Group were worth $8,206,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SPG. Clark Capital Management Group Inc. grew its holdings in Simon Property Group by 1.7% during the third quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock valued at $46,361,000 after purchasing an additional 4,177 shares during the period. Aew Capital Management L P increased its position in Simon Property Group by 90.9% in the third quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock worth $99,494,000 after buying an additional 252,510 shares in the last quarter. Union Bancaire Privee UBP SA raised its stake in shares of Simon Property Group by 22.6% in the fourth quarter. Union Bancaire Privee UBP SA now owns 39,366 shares of the real estate investment trust’s stock worth $7,287,000 after buying an additional 7,266 shares during the period. Danske Bank A S raised its stake in shares of Simon Property Group by 11.1% in the fourth quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock worth $35,901,000 after buying an additional 19,300 shares during the period. Finally, Davis Selected Advisers lifted its position in shares of Simon Property Group by 30.7% during the 3rd quarter. Davis Selected Advisers now owns 76,733 shares of the real estate investment trust’s stock valued at $14,400,000 after buying an additional 18,010 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group set a $220.00 price objective on Simon Property Group in a research note on Thursday. Evercore set a $208.00 price target on shares of Simon Property Group in a report on Monday, June 8th. Truist Financial lifted their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and an average price target of $208.29.

Simon Property Group Stock Up 0.1%

Shares of SPG opened at $211.46 on Monday. The business’s 50 day moving average is $205.23 and its 200 day moving average is $194.78. The company has a market capitalization of $68.57 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 3.82 and a beta of 1.31. Simon Property Group, Inc. has a 12-month low of $155.92 and a 12-month high of $220.43. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm earned $2.95 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Research analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.3%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend is Tuesday, June 9th. Simon Property Group’s payout ratio is presently 62.54%.

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.