Golden Reserve Retirement LLC Makes New $737,000 Investment in Simon Property Group, Inc. $SPG

Golden Reserve Retirement LLC purchased a new position in shares of Simon Property Group, Inc. (NYSE:SPG) during the 2nd quarter, HoldingsChannel reports. The firm purchased 3,296 shares of the real estate investment trust’s stock, valued at approximately $737,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Danske Bank A S increased its holdings in shares of Simon Property Group by 11.1% during the 4th 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 Simon Property Group by 3.3% in the 4th 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 last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Simon Property Group by 3.5% in the 4th 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. Northwestern Mutual Wealth Management Co. boosted its position in Simon Property Group by 1,329.4% during 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 period. Finally, L & S Advisors Inc bought a new stake in Simon Property Group during the fourth quarter worth approximately $4,058,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Down 1.0%

Shares of SPG stock opened at $219.34 on Friday. Simon Property Group, Inc. has a 12 month low of $171.22 and a 12 month high of $238.50. The firm has a market cap of $71.13 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.84 and a beta of 1.30. The stock has a 50 day moving average of $222.30 and a 200-day moving average of $205.94. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. Simon Property Group’s dividend payout ratio is 63.47%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Piper Sandler lifted their price target on shares of Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Scotiabank boosted their price objective on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Barclays raised their target price 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. Finally, Citigroup boosted their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $221.07.

Insider Transactions at Simon Property Group

In related news, Director Marta R. Stewart purchased 182 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary M. Rodkin acquired 256 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the acquisition, the director owned 21,016 shares in the company, valued at approximately $4,693,713.44. This trade represents a 1.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by insiders.

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.