Kepler Cheuvreux Suisse SA Sells 22,373 Shares of Simon Property Group, Inc. $SPG

Kepler Cheuvreux Suisse SA lowered its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 18.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 96,168 shares of the real estate investment trust’s stock after selling 22,373 shares during the period. Simon Property Group comprises approximately 1.2% of Kepler Cheuvreux Suisse SA’s portfolio, making the stock its 29th biggest holding. Kepler Cheuvreux Suisse SA’s holdings in Simon Property Group were worth $17,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in Simon Property Group by 634.5% in the 3rd 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. Norges Bank bought a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $1,112,111,000. Capital World Investors raised its position in shares of Simon Property Group by 45.0% during the third 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 buying an additional 2,600,508 shares during the last quarter. Barclays PLC lifted its holdings in shares of Simon Property Group by 78.9% in the third quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock worth $207,158,000 after buying an additional 486,967 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings 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 buying an additional 435,721 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Down 0.1%

SPG stock opened at $225.77 on Friday. The firm has a fifty day moving average price of $209.31 and a 200 day moving average price of $197.56. Simon Property Group, Inc. has a fifty-two week low of $159.33 and a fifty-two week high of $228.57. The firm has a market cap of $73.21 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 4.09 and a beta of 1.29. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84.

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, beating analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm earned $2.95 earnings per share. Simon Property Group’s revenue 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. Sell-side analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is 62.54%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. UBS Group set a $220.00 price target on shares of Simon Property Group in a research note on Thursday, June 18th. JPMorgan Chase & Co. increased their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Morgan Stanley raised their price objective on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Finally, Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $211.47.

Insider Transactions at Simon Property Group

In related news, Director Glyn Aeppel purchased 243 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the transaction, the director owned 21,067 shares in the company, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Larry C. Glasscock acquired 397 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the purchase, the director directly owned 45,902 shares of the company’s stock, valued at $10,253,588.76. The trade was a 0.87% 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 in the last quarter. Company insiders own 8.73% of the company’s stock.

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.