Swiss National Bank Has $176.58 Million Holdings in Simon Property Group, Inc. $SPG

Swiss National Bank lessened its position in Simon Property Group, Inc. (NYSE:SPG) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 940,927 shares of the real estate investment trust’s stock after selling 46,700 shares during the quarter. Swiss National Bank owned approximately 0.29% of Simon Property Group worth $176,584,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPG. Silicon Valley Capital Partners purchased a new stake in shares of Simon Property Group in the second quarter valued at $30,000. VSM Wealth Advisory LLC acquired a new stake in shares of Simon Property Group in the second quarter worth $30,000. 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 valued at $39,000 after buying an additional 123 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Simon Property Group during the third quarter valued at $39,000. Finally, City Holding Co. acquired a new position in Simon Property Group during the third quarter valued at $40,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Performance

Shares of NYSE SPG opened at $192.76 on Tuesday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.90 and a quick ratio of 0.90. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $205.12. The business’s 50-day moving average price is $191.98 and its two-hundred day moving average price is $185.28. The company has a market capitalization of $62.64 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 6.42 and a beta of 1.35.

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

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.06%.

Simon Property Group declared that its board has approved a stock buyback program on Thursday, February 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPG. Citigroup increased their price objective on Simon Property Group from $185.00 to $189.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Mizuho set a $192.00 target price on Simon Property Group in a report on Friday, January 9th. Scotiabank increased 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 report on Wednesday, January 14th. Finally, UBS Group raised their price target on shares of Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $199.36.

Insider Activity

In other Simon Property Group news, Director Daniel C. Smith bought 347 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, for a total transaction of $64,542.00. Following the completion of the purchase, the director directly owned 32,680 shares of the company’s stock, valued at $6,078,480. The trade was a 1.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry C. Glasscock bought 363 shares of the firm’s 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 completion of the transaction, the director directly owned 43,899 shares of the company’s stock, valued at approximately $8,165,214. This represents a 0.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 2,192 shares of company stock valued at $407,712. 8.60% of the stock is currently owned by company insiders.

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.