J. Safra Sarasin Holding AG Has $4.22 Million Stock Position in Simon Property Group, Inc. $SPG

J. Safra Sarasin Holding AG lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 317.7% in the 1st quarter, HoldingsChannel reports. The fund owned 22,664 shares of the real estate investment trust’s stock after purchasing an additional 17,238 shares during the period. J. Safra Sarasin Holding AG’s holdings in Simon Property Group were worth $4,223,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Stance Capital LLC bought a new stake in Simon Property Group during the 3rd quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new position in shares of Simon Property Group in the fourth quarter valued at approximately $29,000. SHP Wealth Management purchased a new position in shares of Simon Property Group during the fourth quarter valued at approximately $34,000. Tompkins Financial Corp bought a new stake in Simon Property Group during the fourth quarter worth $42,000. Finally, Cullen Frost Bankers Inc. grew its holdings in Simon Property Group by 79.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 111 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on SPG shares. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research note on Thursday, July 9th. UBS Group boosted their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Barclays increased their price objective on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Finally, Evercore set a $215.00 target price on Simon Property Group in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $213.07.

Simon Property Group Trading Up 0.4%

Shares of SPG stock opened at $219.56 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a market cap of $71.20 billion, a P/E ratio of 15.26, a PEG ratio of 2.83 and a beta of 1.29. The company has a 50 day moving average of $211.64 and a 200-day moving average of $199.20. Simon Property Group, Inc. has a 12-month low of $159.33 and a 12-month high of $229.59.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company earned $2.95 earnings per share. Simon Property Group’s revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Sell-side analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $2.25 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz bought 508 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, with a total value of $113,477.04. Following the acquisition, the director directly owned 55,797 shares of the company’s stock, valued at $12,463,933.86. This represents a 0.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry C. Glasscock acquired 397 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.38 per share, with a total value of $88,681.86. Following the completion of the transaction, the director directly owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 2,387 shares of company stock valued at $533,056 in the last 90 days. Corporate insiders own 8.73% of the company’s stock.

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.