Canada Pension Plan Investment Board Buys New Shares in Simon Property Group, Inc. $SPG

Canada Pension Plan Investment Board bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,189,345 shares of the real estate investment trust’s stock, valued at approximately $489,647,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Simon Property Group in the fourth quarter valued at approximately $1,112,111,000. Legal & General Group Plc bought a new position in shares of Simon Property Group during the 2nd quarter worth approximately $783,974,000. Wellington Management Group LLP boosted its stake in shares of Simon Property Group by 7.7% during the 4th quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock worth $1,469,748,000 after acquiring an additional 569,772 shares during the period. Bank of America Corp DE increased its holdings in shares of Simon Property Group by 6.1% during the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after acquiring an additional 491,519 shares during the last quarter. Finally, Cardano Risk Management B.V. acquired a new position in shares of Simon Property Group during the 2nd quarter worth approximately $104,281,000. 93.01% of the stock is owned by institutional investors.

Simon Property Group Stock Performance

SPG opened at $218.92 on Wednesday. The firm has a market cap of $70.83 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 2.75 and a beta of 1.30. Simon Property Group, Inc. has a 52-week low of $172.19 and a 52-week high of $238.50. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. The business’s fifty day moving average is $223.25 and its 200-day moving average is $207.62.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 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 the consensus estimate of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Sell-side analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is currently 63.47%.

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 bought at an average price of $223.36 per share, with a total value of $54,276.48. Following the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Larry C. Glasscock purchased 397 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the transaction, the director directly owned 45,902 shares in the company, valued at $10,253,588.76. This represents a 0.87% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 2,387 shares of company stock worth $533,056. Corporate insiders own 8.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SPG shares. Truist Financial increased their price objective on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings raised shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft downgraded Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Thursday, July 9th. Scotiabank lifted their price target on Simon Property Group from $220.00 to $222.00 and gave the stock a “sector perform” rating in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. boosted their price target on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and a consensus price target of $223.00.

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.