Daiichi Life Insurance Co. Ltd. Acquires Shares of 15,401 Simon Property Group, Inc. $SPG

Daiichi Life Insurance Co. Ltd. purchased a new stake in Simon Property Group, Inc. (NYSE:SPG) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 15,401 shares of the real estate investment trust’s stock, valued at approximately $3,444,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stance Capital LLC acquired a new position in Simon Property Group during the third quarter worth about $26,000. Wilkerson Advisory Group LLC purchased a new position in Simon Property Group in the fourth quarter worth approximately $29,000. N.E.W. Advisory Services LLC increased its position in shares of Simon Property Group by 335.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 134 shares during the last quarter. WPG Advisers LLC increased its position in shares of Simon Property Group by 40.3% during the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 52 shares during the last quarter. Finally, SHP Wealth Management purchased a new stake in Simon Property Group in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Up 0.1%

Simon Property Group stock opened at $218.52 on Monday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. Simon Property Group, Inc. has a 1-year low of $172.19 and a 1-year high of $238.50. The company has a market cap of $70.70 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 2.72 and a beta of 1.30. The stock’s 50 day moving average price is $223.06 and its 200 day moving average price is $207.24.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the business earned $1.70 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

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

Insider Activity

In other Simon Property Group news, Director Gary M. Rodkin bought 256 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the transaction, the director owned 21,016 shares in the company, valued at approximately $4,693,713.44. The trade was a 1.23% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry C. Glasscock acquired 397 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $223.38 per share, with a total value of $88,681.86. Following the completion of the transaction, the director directly owned 45,902 shares in the company, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 2,387 shares of company stock worth $533,056 in the last three months. Company insiders own 8.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SPG shares. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. UBS Group lifted their price target on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Piper Sandler boosted their price objective on shares of Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Bank of America upped their target price on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Scotiabank increased their price target on shares of Simon Property Group from $220.00 to $222.00 and gave the stock a “sector perform” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $223.00.

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.