Retirement Systems of Alabama Has $46.63 Million Holdings in Simon Property Group, Inc. $SPG

Retirement Systems of Alabama increased its holdings in Simon Property Group, Inc. (NYSE:SPG) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,892 shares of the real estate investment trust’s stock after buying an additional 7,602 shares during the period. Retirement Systems of Alabama owned 0.08% of Simon Property Group worth $46,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SPG. Vanguard Group Inc. grew its position in Simon Property Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock worth $8,761,093,000 after buying an additional 844,190 shares in the last quarter. State Street Corp raised its holdings in 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 valued at $4,084,730,000 after acquiring an additional 312,995 shares in the last quarter. Capital World Investors lifted its position in shares of Simon Property Group by 45.0% during the 3rd quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock valued at $1,573,450,000 after acquiring an additional 2,600,508 shares during the period. Wellington Management Group LLP increased its position in shares of Simon Property Group by 634.5% in the third quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock worth $1,383,145,000 after purchasing an additional 6,366,711 shares during the period. Finally, Northern Trust Corp raised its stake in Simon Property Group by 1.6% in the third quarter. Northern Trust Corp now owns 5,344,170 shares of the real estate investment trust’s stock valued at $1,002,940,000 after purchasing an additional 82,550 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Insider Activity at Simon Property Group

In other news, Director Glyn Aeppel purchased 216 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, for a total transaction of $40,176.00. Following the purchase, the director owned 19,481 shares of the company’s stock, valued at approximately $3,623,466. The trade was a 1.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Rodkin acquired 226 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the acquisition, the director owned 19,455 shares in the company, valued at $3,618,630. This represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 2,192 shares of company stock valued at $407,712. 8.60% of the stock is owned by company insiders.

Simon Property Group Stock Up 1.2%

Shares of NYSE SPG opened at $182.38 on Tuesday. The company has a market cap of $59.27 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 5.94 and a beta of 1.35. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 4.42. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $205.12. The stock has a 50-day moving average price of $192.30 and a two-hundred day moving average price of $185.91.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.50 billion. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $3.68 EPS. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. As a group, analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group announced that its board has approved a stock repurchase program on Thursday, February 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s payout ratio is presently 62.06%.

Analyst Ratings Changes

Several equities analysts have commented on SPG shares. Evercore raised their target price on shares of Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a report on Tuesday, February 3rd. UBS Group increased their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Truist Financial lifted their price objective on shares of Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, January 20th. Finally, Scotiabank upped their target price on Simon Property Group from $189.00 to $192.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and a consensus price target of $199.57.

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.