Mitsubishi UFJ Trust & Banking Corp Has $73.68 Million Position in Simon Property Group, Inc. $SPG

Mitsubishi UFJ Trust & Banking Corp grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 329,438 shares of the real estate investment trust’s stock after acquiring an additional 3,571 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of Simon Property Group worth $73,679,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Simon Property Group by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock valued at $8,694,610,000 after purchasing an additional 286,464 shares during the period. State Street Corp raised its holdings in Simon Property Group by 1.5% in the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock worth $4,084,730,000 after purchasing an additional 312,995 shares during the period. Geode Capital Management LLC boosted its position in shares of Simon Property Group by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after purchasing an additional 363,337 shares in the last quarter. Capital World Investors boosted its position in shares of Simon Property Group by 2.7% during the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock worth $1,593,872,000 after purchasing an additional 226,271 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Simon Property Group by 6.1% in the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock valued at $1,586,089,000 after buying an additional 491,519 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 508 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $223.38 per share, with a total value of $113,477.04. Following the transaction, the director directly owned 55,797 shares of the company’s stock, valued at $12,463,933.86. This represents a 0.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Glyn Aeppel acquired 243 shares of Simon Property Group 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 completion of the purchase, the director owned 21,067 shares in the company, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 2,387 shares of company stock valued at $533,056 in the last quarter. Company insiders own 8.73% of the company’s stock.

Wall Street Analyst Weigh In

SPG has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on shares of Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research report on Tuesday. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. JPMorgan Chase & Co. boosted their target price on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Truist Financial increased their price target on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. Finally, 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 report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Simon Property Group has an average rating of “Hold” and a consensus price target of $221.07.

Simon Property Group Trading Down 1.0%

NYSE:SPG opened at $219.34 on Friday. Simon Property Group, Inc. has a twelve month low of $171.22 and a twelve month high of $238.50. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The business has a 50 day moving average price of $222.30 and a two-hundred day moving average price of $205.94. The company has a market cap of $71.13 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 2.84 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the business earned $1.70 earnings per share. Simon Property Group’s revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

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.