Simon Property Group, Inc. $SPG Shares Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 3.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 196,311 shares of the real estate investment trust’s stock after purchasing an additional 6,055 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Simon Property Group were worth $35,983,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPG. Stance Capital LLC bought a new position in Simon Property Group during the third quarter valued at about $26,000. Wilkerson Advisory Group LLC acquired a new position in Simon Property Group during the fourth quarter worth about $29,000. SHP Wealth Management bought a new stake in Simon Property Group in the fourth quarter worth about $34,000. Tompkins Financial Corp bought a new stake in Simon Property Group in the fourth quarter worth about $42,000. Finally, MV Capital Management Inc. bought a new stake in Simon Property Group in the fourth quarter worth about $46,000. Institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SPG. UBS Group set a $220.00 price objective on shares of Simon Property Group in a research report on Thursday, June 18th. Scotiabank boosted their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Citigroup increased their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Morgan Stanley raised their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Finally, Truist Financial lifted their price target on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Simon Property Group has a consensus rating of “Hold” and a consensus target price of $211.93.

Simon Property Group Price Performance

SPG stock opened at $219.53 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a one year low of $159.33 and a one year high of $229.59. The firm has a market capitalization of $71.19 billion, a PE ratio of 15.26, a P/E/G ratio of 4.11 and a beta of 1.29. The firm has a 50-day moving average of $210.62 and a two-hundred day moving average of $198.50.

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

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $2.25 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is 62.54%.

Insider Transactions at Simon Property Group

In other news, Director Glyn Aeppel acquired 243 shares of the stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the transaction, the director owned 21,067 shares in the company, valued at approximately $4,705,525.12. This trade represents a 1.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel C. Smith bought 372 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the purchase, the director owned 34,480 shares in the company, valued at approximately $7,699,728.80. This trade represents a 1.09% 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 have acquired 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by insiders.

Simon Property Group 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.