Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 43,750 Shares of Simon Property Group, Inc. $SPG

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Simon Property Group, Inc. (NYSE:SPG) by 73.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 103,217 shares of the real estate investment trust’s stock after buying an additional 43,750 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Simon Property Group were worth $19,253,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Simon Property Group by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock worth $8,694,610,000 after acquiring an additional 286,464 shares during the last quarter. State Street Corp increased its holdings in shares of Simon Property Group by 1.5% during the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock valued at $4,084,730,000 after acquiring an additional 312,995 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Simon Property Group by 3.6% in the 4th 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 during the last quarter. Capital World Investors boosted its stake in Simon Property Group by 2.7% in the 4th 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, Wellington Management Group LLP grew its position in Simon Property Group by 7.7% during the 4th quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock valued at $1,469,748,000 after purchasing an additional 569,772 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

SPG has been the subject of several recent analyst reports. Scotiabank lifted their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. UBS Group set a $220.00 price target on shares of Simon Property Group in a report on Thursday, June 18th. Morgan Stanley raised their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Finally, Barclays upped their price objective on Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $211.47.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin purchased 256 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the purchase, the director directly owned 21,016 shares of the company’s stock, valued at $4,693,713.44. The trade was a 1.23% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel C. Smith acquired 372 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $223.31 per share, with a total value of $83,071.32. Following the transaction, the director owned 34,480 shares in the company, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company’s stock.

Simon Property Group Trading Down 0.1%

Shares of SPG stock opened at $225.77 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 12-month low of $159.33 and a 12-month high of $228.57. The stock has a market capitalization of $73.21 billion, a P/E ratio of 15.69, a P/E/G ratio of 4.09 and a beta of 1.29. The firm’s 50 day moving average is $209.31 and its 200 day moving average is $197.56.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.Simon Property Group’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Research analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a $2.25 dividend. The ex-dividend date was Tuesday, June 9th. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.0%. Simon Property Group’s payout ratio is 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.