Sumitomo Mitsui Trust Group Inc. Has $282.23 Million Stock Position in Simon Property Group, Inc. $SPG

Sumitomo Mitsui Trust Group Inc. lowered its stake in Simon Property Group, Inc. (NYSE:SPG) by 0.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,513,071 shares of the real estate investment trust’s stock after selling 4,048 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Simon Property Group were worth $282,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SPG. PFG Investments LLC boosted its holdings in shares of Simon Property Group by 2.2% during the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock worth $437,000 after buying an additional 50 shares during the period. Great Valley Advisor Group Inc. boosted its stake in Simon Property Group by 2.3% during the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 52 shares during the period. Veridan Wealth LLC grew its holdings in Simon Property Group by 1.2% in the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock valued at $845,000 after buying an additional 53 shares during the last quarter. CYBER HORNET ETFs LLC grew its holdings in Simon Property Group by 6.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 55 shares during the last quarter. Finally, Embree Financial Group increased its position in Simon Property Group by 2.4% in the 4th quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock worth $447,000 after buying an additional 56 shares during the period. Institutional investors own 93.01% of the company’s stock.

Wall Street Analyst Weigh In

SPG has been the topic of several research reports. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. JPMorgan Chase & Co. lifted their target price on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Morgan Stanley lifted their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. Citigroup boosted their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Barclays increased their price objective on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $211.93.

Insider Transactions at Simon Property Group

In other news, Director Larry C. Glasscock acquired 397 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $223.38 per share, with a total value of $88,681.86. Following the acquisition, the director owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel C. Smith bought 372 shares of the stock in a transaction on 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 acquisition, the director directly owned 34,480 shares in the company, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by insiders.

Simon Property Group Price Performance

Shares of Simon Property Group stock opened at $219.53 on Thursday. The stock has a market capitalization of $71.19 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 4.11 and a beta of 1.29. The firm’s 50-day moving average price is $210.62 and its two-hundred day moving average price is $198.50. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 1-year low of $159.33 and a 1-year high of $229.59.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (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 net margin of 70.60% and a return on equity of 104.54%. Simon Property Group’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities analysts predict that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a $2.25 dividend. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is 62.54%.

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.