OMERS ADMINISTRATION Corp Acquires Shares of 22,686 Simon Property Group, Inc. $SPG

OMERS ADMINISTRATION Corp acquired a new stake in Simon Property Group, Inc. (NYSE:SPG) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 22,686 shares of the real estate investment trust’s stock, valued at approximately $5,074,000.

Several other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Simon Property Group in the fourth quarter valued at $1,112,111,000. Wellington Management Group LLP raised its stake in shares of Simon Property Group by 7.7% during the 4th quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock valued at $1,469,748,000 after buying an additional 569,772 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Simon Property Group by 6.1% in the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock valued at $1,586,089,000 after buying an additional 491,519 shares during the period. Cardano Risk Management B.V. acquired a new position in shares of Simon Property Group in the 2nd quarter valued at about $104,281,000. Finally, BlackRock Inc. boosted its stake in shares of Simon Property Group by 1.2% in the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after buying an additional 455,543 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SPG shares. UBS Group lifted their price target on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Scotiabank raised their price objective on shares of Simon Property Group from $220.00 to $222.00 and gave the stock a “sector perform” rating in a research note on Thursday. Bank of America lifted their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. Morgan Stanley boosted their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Finally, Barclays increased their price target on shares of Simon Property Group from $213.00 to $215.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $223.00.

Insider Buying and Selling at Simon Property Group

In related news, Director Larry C. Glasscock purchased 397 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $223.38 per share, with a total value of $88,681.86. Following the purchase, the director owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This represents a 0.87% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel C. Smith acquired 372 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the acquisition, the director owned 34,480 shares in the company, valued at $7,699,728.80. The trade was a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 2,387 shares of company stock valued at $533,056. Corporate insiders own 8.73% of the company’s stock.

Simon Property Group Stock Up 1.1%

Simon Property Group stock opened at $220.66 on Tuesday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $71.40 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.72 and a beta of 1.30. The business has a 50 day simple moving average of $223.18 and a 200-day simple moving average of $207.46. Simon Property Group, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. Simon Property Group’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be given a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

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.