Y Intercept Hong Kong Ltd Has $8.59 Million Position in Simon Property Group, Inc. $SPG

Y Intercept Hong Kong Ltd boosted its position in Simon Property Group, Inc. (NYSE:SPG) by 134.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,075 shares of the real estate investment trust’s stock after purchasing an additional 26,433 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Simon Property Group were worth $8,594,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SPG. Clark Capital Management Group Inc. boosted its position in shares of Simon Property Group by 1.7% in the third quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock valued at $46,361,000 after acquiring an additional 4,177 shares during the period. Union Bancaire Privee UBP SA raised its stake in Simon Property Group by 22.6% in the 4th quarter. Union Bancaire Privee UBP SA now owns 39,366 shares of the real estate investment trust’s stock worth $7,287,000 after purchasing an additional 7,266 shares in the last quarter. Davis Selected Advisers boosted its holdings in Simon Property Group by 30.7% in the 3rd quarter. Davis Selected Advisers now owns 76,733 shares of the real estate investment trust’s stock valued at $14,400,000 after purchasing an additional 18,010 shares during the period. Danske Bank A S boosted its holdings in Simon Property Group by 11.1% in the 4th quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock valued at $35,901,000 after purchasing an additional 19,300 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Simon Property Group by 3.5% during the 3rd quarter. California Public Employees Retirement System now owns 579,458 shares of the real estate investment trust’s stock worth $108,747,000 after purchasing an additional 19,608 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on SPG. Weiss Ratings cut shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday. Bank of America increased their price target on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Stifel Nicolaus raised their price objective on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Evercore set a $208.00 price objective on Simon Property Group in a report on Monday, June 8th. Finally, Citigroup upped their target price on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $211.47.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $225.77 on Friday. The company has a 50 day moving average of $209.31 and a 200-day moving average of $197.56. Simon Property Group, Inc. has a 1-year low of $159.33 and a 1-year high of $228.57. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The company has a market cap of $73.21 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 4.09 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities research analysts forecast that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is 62.54%.

Insider Buying and Selling

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 508 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.38 per share, with a total value of $113,477.04. Following the acquisition, the director owned 55,797 shares of the company’s stock, valued at approximately $12,463,933.86. This represents a 0.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary M. Rodkin acquired 256 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $223.34 per share, with a total value of $57,175.04. Following the completion of the transaction, the director owned 21,016 shares in the company, valued at $4,693,713.44. The trade was a 1.23% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 2,387 shares of company stock worth $533,056. 8.73% of the stock is owned by company insiders.

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.