Czech National Bank Grows Holdings in Simon Property Group, Inc. $SPG

Czech National Bank raised its stake in Simon Property Group, Inc. (NYSE:SPG) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,303 shares of the real estate investment trust’s stock after buying an additional 3,732 shares during the period. Czech National Bank’s holdings in Simon Property Group were worth $20,644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Danske Bank A S boosted its stake in 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 in the last quarter. Legal & General Group Plc grew its position in Simon Property Group by 3.3% during the fourth quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock valued at $700,452,000 after acquiring an additional 122,186 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Simon Property Group by 3.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock worth $111,950,000 after acquiring an additional 20,477 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Simon Property Group by 1,329.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock valued at $86,723,000 after purchasing an additional 435,721 shares in the last quarter. Finally, L & S Advisors Inc bought a new position in shares of Simon Property Group during the 4th quarter valued at $4,058,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on SPG shares. Deutsche Bank Aktiengesellschaft lowered 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 research report on Thursday, July 9th. Weiss Ratings upgraded Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 14th. Truist Financial lifted their price target on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. UBS Group boosted 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. Finally, Evercore set a $215.00 price objective on Simon Property Group in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and a consensus price target of $216.14.

Simon Property Group Trading Up 0.3%

Shares of SPG opened at $222.56 on Friday. The firm’s 50-day moving average price is $220.80 and its 200-day moving average price is $204.70. Simon Property Group, Inc. has a 1-year low of $163.29 and a 1-year high of $238.50. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of $72.17 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 2.87 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The company had revenue of $1.76 billion during 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%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Sell-side analysts anticipate that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a $2.25 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is 62.54%.

Insider Activity

In related news, Director Reuben S. Leibowitz acquired 508 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the purchase, the director owned 55,797 shares in the company, valued at $12,463,933.86. The trade was a 0.92% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Glyn Aeppel purchased 243 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $223.36 per share, with a total value of $54,276.48. Following the acquisition, the director owned 21,067 shares in the company, valued at $4,705,525.12. The trade was a 1.17% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by corporate insiders.

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.