Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in Simon Property Group, Inc. $SPG

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,063,661 shares of the real estate investment trust’s stock after purchasing an additional 61,866 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Simon Property Group were worth $237,888,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SPG. Norges Bank purchased a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $1,112,111,000. Wellington Management Group LLP grew its holdings in Simon Property Group by 7.7% during the fourth quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock worth $1,469,748,000 after acquiring an additional 569,772 shares during the period. Bank of America Corp DE raised its position in Simon Property Group by 6.1% in the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after acquiring an additional 491,519 shares in the last quarter. Cardano Risk Management B.V. purchased a new position in Simon Property Group in the second quarter worth $104,281,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Simon Property Group by 1,329.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock valued at $86,723,000 after acquiring an additional 435,721 shares during the period. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on SPG shares. Deutsche Bank Aktiengesellschaft lowered shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Thursday, July 9th. Barclays increased their price target on shares of Simon Property Group from $213.00 to $215.00 and gave the company an “equal weight” rating in a report on Monday. Evercore set a $215.00 target price on shares of Simon Property Group in a research report on Tuesday, July 7th. Morgan Stanley increased 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 report on Tuesday, June 9th. Finally, UBS Group lifted their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Simon Property Group currently has an average rating of “Hold” and a consensus price target of $222.87.

Simon Property Group Trading Up 0.7%

Shares of SPG stock opened at $221.16 on Tuesday. The stock has a market cap of $71.72 billion, a P/E ratio of 15.60, a P/E/G ratio of 2.74 and a beta of 1.30. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a fifty-two week low of $172.09 and a fifty-two week high of $238.50. The business has a fifty day simple moving average of $222.58 and a 200-day simple moving average of $206.35.

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

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s dividend payout ratio is 63.47%.

Insider Buying and Selling

In other Simon Property Group news, Director Glyn Aeppel purchased 243 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the transaction, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This trade represents a 1.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Larry C. Glasscock acquired 397 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $223.38 per share, with a total value of $88,681.86. Following the completion of the purchase, the director owned 45,902 shares in the company, valued at approximately $10,253,588.76. This represents a 0.87% increase in their ownership of the stock. 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. 8.73% of the stock is 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.