39,508 Shares in Simon Property Group, Inc. $SPG Purchased by Pensionfund PDN

Pensionfund PDN acquired a new stake in Simon Property Group, Inc. (NYSE:SPG) in the 4th quarter, HoldingsChannel reports. The fund acquired 39,508 shares of the real estate investment trust’s stock, valued at approximately $7,313,000. Simon Property Group accounts for 4.8% of Pensionfund PDN’s investment portfolio, making the stock its 5th biggest holding.

A number of other large investors have also modified their holdings of the stock. Avanza Fonder AB increased its holdings in Simon Property Group by 19.5% during the 4th quarter. Avanza Fonder AB now owns 28,440 shares of the real estate investment trust’s stock worth $5,265,000 after purchasing an additional 4,643 shares during the period. Salem Investment Counselors Inc. lifted its stake in Simon Property Group by 266.5% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,367 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 994 shares during the last quarter. 180 Wealth Advisors LLC purchased a new stake in shares of Simon Property Group during the 4th quarter worth approximately $347,000. Tompkins Financial Corp purchased a new stake in Simon Property Group in the fourth quarter valued at $42,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Simon Property Group by 6.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 34,234 shares of the real estate investment trust’s stock valued at $6,384,000 after purchasing an additional 2,210 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insiders Place Their Bets

In other Simon Property Group news, Director Stefan M. Selig acquired 201 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, for a total transaction of $37,386.00. Following the completion of the transaction, the director owned 32,277 shares of the company’s stock, valued at $6,003,522. The trade was a 0.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry C. Glasscock bought 363 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, with a total value of $67,518.00. Following the acquisition, the director owned 43,899 shares of the company’s stock, valued at $8,165,214. This trade represents a 0.83% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 2,192 shares of company stock worth $407,712. Corporate insiders own 8.60% of the company’s stock.

Simon Property Group Stock Down 1.6%

Shares of NYSE:SPG opened at $181.62 on Tuesday. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $205.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42. The firm’s 50-day simple moving average is $192.66 and its 200-day simple moving average is $185.93. The company has a market cap of $59.02 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 6.08 and a beta of 1.35.

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

Simon Property Group declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Simon Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.06%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial increased their price target on shares of Simon Property Group from $181.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Barclays increased their target price on shares of Simon Property Group from $188.00 to $193.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Piper Sandler reissued an “overweight” rating and set a $230.00 price target (up from $225.00) on shares of Simon Property Group in a report on Tuesday, February 3rd. Scotiabank upped their price objective on Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Finally, Mizuho set a $192.00 price objective on Simon Property Group in a research report on Friday, January 9th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $199.36.

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.