Mitsubishi UFJ Asset Management Co. Ltd. Purchases 79,363 Shares of Simon Property Group, Inc. $SPG

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Simon Property Group, Inc. (NYSE:SPG) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 897,334 shares of the real estate investment trust’s stock after purchasing an additional 79,363 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.27% of Simon Property Group worth $168,403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. VSM Wealth Advisory LLC acquired a new position in shares of Simon Property Group during the second quarter valued at about $30,000. Silicon Valley Capital Partners bought a new position in Simon Property Group in the 2nd quarter valued at about $30,000. Bell Investment Advisors Inc boosted its stake in Simon Property Group by 205.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 146 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in Simon Property Group during the 3rd quarter valued at about $39,000. Finally, Atlantic Union Bankshares Corp increased its holdings in Simon Property Group by 143.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SPG. Citigroup raised their target price on Simon Property Group from $185.00 to $189.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Mizuho set a $192.00 price objective on Simon Property Group in a research note on Friday, January 9th. Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price objective (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Stifel Nicolaus increased their target price on shares of Simon Property Group from $184.00 to $185.00 and gave the company a “hold” rating in a report on Tuesday, February 3rd. Finally, Truist Financial raised their price target on shares of Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a research report on Wednesday, December 17th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $197.93.

Insider Activity at Simon Property Group

In related news, Director Stefan M. Selig purchased 201 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, with a total value of $37,386.00. Following the acquisition, the director owned 32,277 shares of the company’s stock, valued at $6,003,522. This trade represents a 0.63% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Reuben S. Leibowitz acquired 480 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $89,280.00. Following the completion of the acquisition, the director owned 53,639 shares of the company’s stock, valued at $9,976,854. This trade represents a 0.90% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 2,192 shares of company stock worth $407,712 over the last 90 days. Corporate insiders own 8.66% of the company’s stock.

Simon Property Group Stock Up 0.8%

Shares of NYSE:SPG opened at $202.68 on Friday. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $204.05. The company has a market capitalization of $66.17 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 6.64 and a beta of 1.39. The business has a fifty day moving average price of $190.18 and a two-hundred day moving average price of $183.73. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 1.44.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $3.68 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. Analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio is currently 62.06%.

Simon Property Group announced that its Board of Directors has initiated a share buyback plan on Thursday, February 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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.