Skandinaviska Enskilda Banken AB publ Sells 76,266 Shares of Simon Property Group, Inc. $SPG

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 33.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 150,691 shares of the real estate investment trust’s stock after selling 76,266 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Simon Property Group were worth $28,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPG. VSM Wealth Advisory LLC acquired a new position in shares of Simon Property Group in the 2nd quarter valued at approximately $30,000. Silicon Valley Capital Partners acquired a new stake in shares of Simon Property Group in the 2nd quarter valued at about $30,000. Bell Investment Advisors Inc lifted its holdings 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 valued at $35,000 after purchasing an additional 146 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Simon Property Group during the third quarter worth about $39,000. Finally, Atlantic Union Bankshares Corp grew its holdings in shares of Simon Property Group by 143.0% during the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 123 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Trading Up 2.6%

SPG stock opened at $201.99 on Wednesday. The stock has a market cap of $65.94 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 7.23 and a beta of 1.39. The company has a fifty day moving average price of $187.72 and a two-hundred day moving average price of $182.28. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $202.09. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 1.44.

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

Simon Property Group declared that its board has approved a stock repurchase plan on Thursday, February 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a $2.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 4.4%. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

Insiders Place Their Bets

In other news, Director Daniel C. Smith bought 347 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, for a total transaction of $64,542.00. Following the transaction, the director owned 32,680 shares of the company’s stock, valued at $6,078,480. This represents a 1.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glyn Aeppel bought 216 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, for a total transaction of $40,176.00. Following the acquisition, the director owned 19,481 shares in the company, valued at approximately $3,623,466. This represents a 1.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 2,192 shares of company stock valued at $407,712 over the last 90 days. 8.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SPG has been the subject of several research reports. Scotiabank raised their price target on shares of Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Barclays reissued a “positive” rating and set a $188.00 price target on shares of Simon Property Group in a research report on Tuesday, January 13th. Morgan Stanley set a $205.00 price objective on Simon Property Group in a report on Friday, January 16th. Truist Financial upped their target price on Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a report on Wednesday, December 17th. Finally, Evercore raised their price target on Simon Property Group from $188.00 to $198.00 and gave the company an “in-line” rating in a research note on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $197.93.

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.