Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Holdings in Simon Property Group, Inc. $SPG

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 9.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 897,334 shares of the real estate investment trust’s stock after buying an additional 79,363 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Simon Property Group were worth $168,403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Simon Property Group during the 2nd quarter valued at $1,051,262,000. JPMorgan Chase & Co. grew its position in shares of Simon Property Group by 34.2% in the second quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock valued at $1,046,943,000 after purchasing an additional 1,660,188 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Simon Property Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after purchasing an additional 844,190 shares in the last quarter. Aew Capital Management L P lifted its holdings in Simon Property Group by 90.9% during the 3rd quarter. Aew Capital Management L P now owns 530,155 shares of the real estate investment trust’s stock worth $99,494,000 after purchasing an additional 252,510 shares in the last quarter. Finally, State Street Corp lifted its holdings in Simon Property Group by 1.1% during the 2nd quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock worth $3,448,703,000 after purchasing an additional 228,819 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group Price Performance

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

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted $3.68 EPS. The business’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. On average, analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group announced that its board has authorized a stock repurchase program on Thursday, February 5th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Simon Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 yield of 4.3%. Simon Property Group’s payout ratio is 62.06%.

Insider Transactions at Simon Property Group

In other news, Director Gary M. Rodkin acquired 226 shares of Simon Property Group 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 $42,036.00. Following the transaction, the director owned 19,455 shares of the company’s stock, valued at $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel C. Smith acquired 347 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, for a total transaction of $64,542.00. Following the completion of the acquisition, the director owned 32,680 shares in the company, valued at $6,078,480. This represents a 1.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 2,192 shares of company stock worth $407,712. Company insiders own 8.66% of the company’s stock.

Analyst Upgrades and Downgrades

SPG has been the topic of several analyst reports. Morgan Stanley set a $205.00 price target on Simon Property Group in a research report on Friday, January 16th. Stifel Nicolaus upped their target price on shares of Simon Property Group from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, February 3rd. Scotiabank raised their price target on shares of Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a report on Friday, January 9th. Finally, UBS Group increased their price objective on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and an average price target of $197.93.

About Simon Property Group

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.