Andra AP fonden Grows Position in Simon Property Group, Inc. $SPG

Andra AP fonden lifted its stake in Simon Property Group, Inc. (NYSE:SPG) by 244.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,562 shares of the real estate investment trust’s stock after buying an additional 72,062 shares during the quarter. Andra AP fonden’s holdings in Simon Property Group were worth $18,944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SPG. Convergence Investment Partners LLC increased its stake in shares of Simon Property Group by 13.1% in the first quarter. Convergence Investment Partners LLC now owns 9,712 shares of the real estate investment trust’s stock worth $1,812,000 after purchasing an additional 1,128 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Simon Property Group by 23.3% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 8,841 shares of the real estate investment trust’s stock valued at $1,649,000 after buying an additional 1,671 shares in the last quarter. Meeder Advisory Services Inc. boosted its holdings in Simon Property Group by 4.8% in the 1st quarter. Meeder Advisory Services Inc. now owns 10,017 shares of the real estate investment trust’s stock worth $1,868,000 after buying an additional 460 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Simon Property Group by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust’s stock worth $859,209,000 after buying an additional 105,524 shares during the period. Finally, Parallel Advisors LLC increased its stake in Simon Property Group by 8.8% in the 1st quarter. Parallel Advisors LLC now owns 5,431 shares of the real estate investment trust’s stock worth $1,013,000 after buying an additional 440 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Daniel C. Smith purchased 372 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the transaction, the director owned 34,480 shares in the company, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Larry C. Glasscock acquired 397 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the purchase, the director directly owned 45,902 shares of the company’s stock, valued at $10,253,588.76. The trade was a 0.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 2,387 shares of company stock worth $533,056. 8.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SPG shares. Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Evercore set a $215.00 price objective on shares of Simon Property Group in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a report on Thursday, July 9th. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Morgan Stanley increased their price objective on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $212.21.

Simon Property Group Stock Down 0.2%

Shares of SPG opened at $228.33 on Tuesday. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $74.05 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.95 and a beta of 1.29. Simon Property Group, Inc. has a 1 year low of $159.70 and a 1 year high of $231.52. The business’s 50 day simple moving average is $213.95 and its 200-day simple moving average is $200.53.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the firm posted $2.95 earnings per share. Simon Property Group’s revenue for the quarter 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. As a group, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is 62.54%.

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.