LGT Fund Management Co Ltd. Purchases Shares of 49,321 Simon Property Group, Inc. $SPG

LGT Fund Management Co Ltd. purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 49,321 shares of the real estate investment trust’s stock, valued at approximately $9,200,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SPG. Stance Capital LLC acquired a new position in shares of Simon Property Group during the third quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new stake in shares of Simon Property Group during the fourth quarter valued at about $29,000. SHP Wealth Management acquired a new stake in Simon Property Group in the fourth quarter worth about $34,000. Tompkins Financial Corp acquired a new stake in Simon Property Group in the fourth quarter worth about $42,000. Finally, MV Capital Management Inc. bought a new position in Simon Property Group in the 4th quarter valued at about $46,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Price Performance

Simon Property Group stock traded down $1.00 during midday trading on Friday, hitting $218.71. The company’s stock had a trading volume of 2,423,565 shares, compared to its average volume of 2,507,849. Simon Property Group, Inc. has a 12 month low of $159.33 and a 12 month high of $229.59. 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 company has a market capitalization of $70.92 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 3.95 and a beta of 1.29. The stock’s 50-day moving average price is $211.32 and its 200-day moving average price is $198.89.

Simon Property Group (NYSE:SPG) last posted 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 net margin of 70.60% and a return on equity of 104.54%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $2.95 EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts anticipate 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. Shareholders of record on Tuesday, June 9th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.1%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date was Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley increased their price objective on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Evercore set a $215.00 price objective on shares of Simon Property Group in a research note on Tuesday, July 7th. Truist Financial boosted their target price on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. Finally, Scotiabank upped their target price on Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $213.07.

Insider Transactions at Simon Property Group

In related news, Director Larry C. Glasscock bought 397 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost 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 approximately $10,253,588.76. This trade represents a 0.87% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Glyn Aeppel bought 243 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.36 per share, with a total value of $54,276.48. Following the completion of the acquisition, the director owned 21,067 shares of the company’s stock, valued at $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 2,387 shares of company stock valued at $533,056 in the last 90 days. 8.73% of the stock is owned by corporate 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.