Janus Henderson Group PLC Purchases 285,426 Shares of Simon Property Group, Inc. $SPG

Janus Henderson Group PLC raised its holdings in Simon Property Group, Inc. (NYSE:SPG) by 535.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 338,772 shares of the real estate investment trust’s stock after acquiring an additional 285,426 shares during the period. Janus Henderson Group PLC’s holdings in Simon Property Group were worth $63,199,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Simon Property Group by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock valued at $8,694,610,000 after buying an additional 286,464 shares in the last quarter. State Street Corp increased its holdings in shares of Simon Property Group by 1.5% in the 3rd quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock worth $4,084,730,000 after buying an additional 312,995 shares during the last quarter. Geode Capital Management LLC increased its stake in Simon Property Group by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock valued at $1,950,967,000 after acquiring an additional 363,337 shares during the last quarter. Capital World Investors raised its holdings in shares of Simon Property Group by 2.7% during the 4th quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock valued at $1,593,872,000 after buying an additional 226,271 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Simon Property Group by 7.7% during the fourth quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock worth $1,469,748,000 after acquiring an additional 569,772 shares in the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Simon Property Group

In related news, Director Glyn Aeppel acquired 243 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $223.36 per share, with a total value of $54,276.48. Following the completion of the purchase, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary M. Rodkin acquired 256 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost 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. This represents a 1.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 2,387 shares of company stock worth $533,056 over the last three months. 8.73% of the stock is currently owned by insiders.

Simon Property Group Stock Down 0.3%

Shares of Simon Property Group stock opened at $229.84 on Friday. The company’s 50 day moving average is $218.91 and its 200 day moving average is $203.28. The company has a market cap of $74.54 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.96 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, Inc. has a twelve month low of $159.70 and a twelve month high of $238.50.

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

Simon Property Group Increases Dividend

The business 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. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 3.9%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Analyst Upgrades and Downgrades

SPG has been the topic of several analyst reports. Evercore set a $215.00 price objective on Simon Property Group in a report on Tuesday, July 7th. Stifel Nicolaus boosted their price objective on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Morgan Stanley increased their target price on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft lowered shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research note on Thursday, July 9th. Finally, UBS Group lifted their price objective on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and an average target price of $216.14.

Simon Property Group Company 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.