Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stock Holdings in Simon Property Group, Inc. $SPG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Simon Property Group, Inc. (NYSE:SPG) by 22.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,079 shares of the real estate investment trust’s stock after buying an additional 41,175 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Simon Property Group were worth $41,611,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SPG. PFG Investments LLC raised its stake in shares of Simon Property Group by 2.2% in the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 50 shares during the period. Great Valley Advisor Group Inc. increased its holdings in Simon Property Group by 2.3% in the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 52 shares during the last quarter. Veridan Wealth LLC raised its position in Simon Property Group by 1.2% in the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock valued at $845,000 after purchasing an additional 53 shares during the period. CYBER HORNET ETFs LLC lifted its stake in Simon Property Group by 6.2% during the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 55 shares in the last quarter. Finally, Embree Financial Group boosted its position in shares of Simon Property Group by 2.4% during the fourth quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock worth $447,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Down 0.5%

Shares of NYSE SPG traded down $1.00 during mid-day trading on Friday, reaching $218.71. The company had a trading volume of 2,423,565 shares, compared to its average volume of 2,507,849. 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 52-week low of $159.33 and a 52-week high of $229.59. The stock has a market cap of $70.92 billion, a P/E ratio of 15.20, a PEG ratio of 3.95 and a beta of 1.29. The firm has a 50 day simple moving average of $211.32 and a two-hundred day simple moving average of $198.89.

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, topping analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Sell-side analysts predict that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 4.1%. The ex-dividend date 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 presently 62.54%.

Wall Street Analysts Forecast Growth

SPG has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Weiss Ratings cut shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Scotiabank increased their price objective on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Finally, UBS Group increased their price target on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $213.07.

Insider Transactions at Simon Property Group

In other news, Director Glyn Aeppel purchased 243 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of $223.36 per share, with a total value of $54,276.48. Following the purchase, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This represents a 1.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary M. Rodkin acquired 256 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $223.34 per share, with a total value of $57,175.04. Following the completion of the transaction, the director directly owned 21,016 shares in the company, valued at approximately $4,693,713.44. The trade was a 1.23% increase in their ownership of the stock. 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 in the last three months. Insiders own 8.73% of the company’s stock.

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.