Simon Property Group, Inc. $SPG Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 50.2% in the 1st quarter, Holdings Channel reports. The firm owned 20,432 shares of the real estate investment trust’s stock after purchasing an additional 6,830 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Simon Property Group were worth $3,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of SPG. Stance Capital LLC acquired a new stake in Simon Property Group during the third quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new position in shares of Simon Property Group during the fourth quarter valued at approximately $29,000. SHP Wealth Management acquired a new stake in shares of Simon Property Group during the 4th quarter worth approximately $34,000. Dynamic Wealth Strategies LLC lifted its holdings in shares of Simon Property Group by 195.8% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 139 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Simon Property Group by 79.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 111 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Marta R. Stewart purchased 182 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the transaction, the director owned 18,000 shares in the company, valued at $4,016,880. This trade represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Glyn Aeppel acquired 243 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the purchase, the director directly owned 21,067 shares in the company, valued at approximately $4,705,525.12. This represents a 1.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 2,387 shares of company stock valued at $533,056 over the last 90 days. Corporate insiders own 8.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPG. Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a report on Thursday, July 9th. Morgan Stanley upped their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. Barclays lifted their price target on Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. increased their price objective on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Finally, Piper Sandler raised their target price on Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $216.14.

Simon Property Group Stock Performance

Shares of SPG opened at $231.45 on Tuesday. The firm has a market capitalization of $75.06 billion, a PE ratio of 16.08, a P/E/G ratio of 2.97 and a beta of 1.29. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a 50-day moving average price of $216.55 and a 200 day moving average price of $202.05. Simon Property Group, Inc. has a 52-week low of $159.70 and a 52-week high of $231.73.

Simon Property Group (NYSE:SPG) last released 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. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. Simon Property Group’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, sell-side analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 3.9%. Simon Property Group’s dividend payout ratio is presently 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.