Daiichi Life Insurance Co. Ltd. Takes Position in Simon Property Group, Inc. $SPG

Daiichi Life Insurance Co. Ltd. bought a new position in Simon Property Group, Inc. (NYSE:SPG) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,401 shares of the real estate investment trust’s stock, valued at approximately $3,444,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Simon Property Group during the fourth quarter valued at approximately $295,000. Marshall Wace LLP lifted its position in shares of Simon Property Group by 316.2% in the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock valued at $3,181,000 after acquiring an additional 15,033 shares in the last quarter. Jump Financial LLC boosted its stake in Simon Property Group by 80.1% in the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock worth $2,714,000 after purchasing an additional 7,506 shares during the period. Cerity Partners LLC boosted its position in shares of Simon Property Group by 1.7% during the second quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock worth $5,745,000 after acquiring an additional 598 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Simon Property Group by 13.4% during the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock valued at $4,573,000 after purchasing an additional 3,372 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insider Activity

In related news, Director Gary M. Rodkin purchased 256 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $223.34 per share, with a total value of $57,175.04. Following the completion of the acquisition, the director owned 21,016 shares of the company’s stock, valued at $4,693,713.44. The trade was a 1.23% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Larry C. Glasscock purchased 397 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the acquisition, the director directly owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This represents a 0.87% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 2,387 shares of company stock valued at $533,056 over the last quarter. Insiders own 8.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SPG shares. Piper Sandler raised their target price on shares of Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Stifel Nicolaus lifted their price objective on shares of Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Bank of America upped their target price on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Simon Property Group currently has an average rating of “Hold” and an average price target of $223.00.

Simon Property Group Price Performance

Shares of SPG stock opened at $218.52 on Monday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The firm has a market capitalization of $70.70 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.72 and a beta of 1.30. The stock’s 50-day simple moving average is $223.06 and its 200-day simple moving average is $207.24.

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

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be given a dividend of $2.25 per share. 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 (DPR) is currently 63.47%.

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.