Public Employees Retirement System of Ohio Trims Stake in Simon Property Group, Inc. $SPG

Public Employees Retirement System of Ohio lowered its position in Simon Property Group, Inc. (NYSE:SPG) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 483,798 shares of the real estate investment trust’s stock after selling 115,552 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Simon Property Group were worth $90,243,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPG. Compound Planning Inc. lifted its stake in Simon Property Group by 5.0% in the first quarter. Compound Planning Inc. now owns 5,350 shares of the real estate investment trust’s stock worth $998,000 after purchasing an additional 255 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Simon Property Group during the first quarter valued at approximately $25,765,000. Gibbs Wealth Management grew its stake in shares of Simon Property Group by 36.1% during the first quarter. Gibbs Wealth Management now owns 2,193 shares of the real estate investment trust’s stock valued at $409,000 after buying an additional 582 shares during the last quarter. Sei Investments Co. grew its stake in shares of Simon Property Group by 2.9% during the first quarter. Sei Investments Co. now owns 736,026 shares of the real estate investment trust’s stock valued at $137,293,000 after buying an additional 20,680 shares during the last quarter. Finally, Lido Advisors LLC raised its holdings in shares of Simon Property Group by 1.8% in the first quarter. Lido Advisors LLC now owns 17,417 shares of the real estate investment trust’s stock worth $3,249,000 after buying an additional 306 shares during the period. Institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In other news, Director Glyn Aeppel purchased 243 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.36 per share, with a total value of $54,276.48. Following the transaction, the director owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reuben S. Leibowitz purchased 508 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $223.38 per share, for a total transaction of $113,477.04. Following the purchase, the director owned 55,797 shares of the company’s stock, valued at approximately $12,463,933.86. This trade represents a 0.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company’s stock.

Simon Property Group Stock Performance

Shares of NYSE:SPG opened at $225.06 on Friday. The firm’s 50 day simple moving average is $215.33 and its 200-day simple moving average is $201.40. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. Simon Property Group, Inc. has a one year low of $159.70 and a one year high of $231.52. The firm has a market cap of $72.99 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 2.92 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Simon Property Group’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities analysts predict that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $2.25 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.0%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SPG shares. Morgan Stanley raised their price target on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. UBS Group upped their price objective on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Evercore set a $215.00 target price on Simon Property Group in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their target price on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Finally, Bank of America boosted their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $216.14.

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.