The Manufacturers Life Insurance Company Raises Stake in Simon Property Group, Inc. $SPG

The Manufacturers Life Insurance Company increased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 1.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 245,639 shares of the real estate investment trust’s stock after purchasing an additional 2,613 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Simon Property Group were worth $45,819,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Danske Bank A S raised its stake in shares of Simon Property Group by 11.1% during the fourth quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock valued at $35,901,000 after acquiring an additional 19,300 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Simon Property Group by 3.3% during the fourth quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock worth $700,452,000 after purchasing an additional 122,186 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Simon Property Group by 1,329.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock worth $86,723,000 after purchasing an additional 435,721 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Simon Property Group by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock worth $111,950,000 after purchasing an additional 20,477 shares during the last quarter. Finally, Norges Bank acquired a new stake in Simon Property Group in the fourth quarter valued at $1,112,111,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised 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. Stifel Nicolaus upped their price target on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Scotiabank increased their price target on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings raised Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $216.14.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Marta R. Stewart bought 182 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.16 per share, with a total value of $40,615.12. Following the completion of the purchase, the director directly owned 18,000 shares of the company’s stock, valued at approximately $4,016,880. This trade represents a 1.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Glyn Aeppel bought 243 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $223.36 per share, with a total value of $54,276.48. Following the purchase, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This trade represents a 1.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 2,387 shares of company stock worth $533,056 over the last quarter. 8.73% of the stock is owned by company insiders.

Simon Property Group Trading Down 2.3%

SPG opened at $230.17 on Friday. Simon Property Group, Inc. has a twelve month low of $159.70 and a twelve month high of $238.50. The company has a fifty day moving average of $218.40 and a 200-day moving average of $203.10. The stock has a market cap of $74.64 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 3.04 and a beta of 1.29. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, sell-side analysts predict that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a $2.25 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 3.9%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is presently 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.