Teacher Retirement System of Texas Has $9.45 Million Position in Simon Property Group, Inc. $SPG

Teacher Retirement System of Texas lowered its holdings in Simon Property Group, Inc. (NYSE:SPG) by 11.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,375 shares of the real estate investment trust’s stock after selling 6,796 shares during the period. Teacher Retirement System of Texas’ holdings in Simon Property Group were worth $9,454,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Trust Co. of Toledo NA OH purchased a new stake in Simon Property Group in the 2nd quarter worth about $25,000. VSM Wealth Advisory LLC purchased a new position in Simon Property Group during the 2nd quarter valued at about $30,000. Silicon Valley Capital Partners acquired a new position in shares of Simon Property Group in the 2nd quarter valued at about $30,000. Bell Investment Advisors Inc lifted its position in shares of Simon Property Group by 205.6% in the second quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 146 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Simon Property Group in the third quarter worth approximately $39,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Trading Down 0.1%

Shares of NYSE:SPG opened at $184.83 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 9.59. The stock has a market capitalization of $60.34 billion, a PE ratio of 26.90, a P/E/G ratio of 6.85 and a beta of 1.37. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $190.13. The firm has a fifty day moving average price of $184.23 and a 200 day moving average price of $178.77.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.13. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.05 earnings per share. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were given a dividend of $2.20 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. This represents a $8.80 dividend on an annualized basis and a yield of 4.8%. Simon Property Group’s dividend payout ratio (DPR) is currently 128.09%.

Insider Activity

In related news, Director Stefan M. Selig purchased 201 shares of the stock in a transaction on Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $37,386.00. Following the completion of the acquisition, the director directly owned 32,277 shares in the company, valued at approximately $6,003,522. This trade represents a 0.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary M. Rodkin purchased 226 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, for a total transaction of $42,036.00. Following the transaction, the director owned 19,455 shares of the company’s stock, valued at approximately $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 2,192 shares of company stock valued at $407,712. Insiders own 8.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a research report on Friday, January 9th. Stifel Nicolaus boosted their price target on shares of Simon Property Group from $179.00 to $184.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Mizuho set a $192.00 price target on shares of Simon Property Group in a research note on Friday, January 9th. Barclays reissued a “positive” rating and set a $188.00 price objective on shares of Simon Property Group in a research report on Tuesday, January 13th. Finally, Citigroup upped their target price on Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group presently has a consensus rating of “Hold” and a consensus price target of $194.64.

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.